Recordkeeping is the process of systematically collecting, organizing, and maintaining information for future reference. This can include various types of documents, such as financial records, employee files, and legal documents. Proper recordkeeping helps individuals and organizations track their activities, comply with regulations, and make informed decisions. Effective recordkeeping involves using tools and methods to ensure that records are accurate, accessible, and secure. This can include digital systems, like databases and cloud storage, as well as physical filing systems. Good recordkeeping practices are essential for businesses, government agencies, and individuals to manage their information efficiently.