What Is Record Keeping System?

What are the 5 basic filing systems?

(See Chapter 14, pages 255–256 of your text).

The five basic filing steps are conditioning, releasing, indexing and coding, sorting, and storing and filing.

Conditioning is essentially prepping the paperwork to be filed..

What do you mean by record keeping?

Recordkeeping is the act of keeping track of the history of a person’s or organization’s activities, generally by creating and storing consistent, formal records. … Recordkeeping is typically used in the context of official accounting, especially for businesses or other organizations.

What are the characteristics of a good record keeping system?

Four essential characteristics: – Authenticity-A record must be what it purports to be. – Reliability-A record must be a full and accurate representation of the transactions, activities, or facts to which it attests. – Integrity-A record must be complete and unaltered.

What is the importance of records of work?

A record of work ensures: accountability and transparency of work covered by the teacher. the continuity of teaching of a particular class. that a new teacher traces where to start teaching a class.

What is the importance of record keeping?

You need good records to monitor the progress of your business. Records can show whether your business is improving, which items are selling, or what changes you need to make. Good records can increase the likelihood of business success.

What are the types of records?

Types of recordsCorrespondence records. Correspondence records may be created inside the office or may be received from outside the office. … Accounting records. The records relating to financial transactions are known as financial records. … Legal records. … Personnel records. … Progress records. … Miscellaneous records.

How do you manage record keeping?

8 Steps to Effective Records ManagementDetermine what records you need to have. … Take inventory to see what records you are keeping. … Create a document retention schedule based on legal requirements and business needs. … Figure out the best way to store each type of record. … Create a location for records storage.More items…•

What are the principles of record keeping?

The 8 Principles are: Accountability, Transparency, Integrity, Protection, Compliance, Accessibility, Retention and Disposition. These are the “Principles” of good management of Records. ISO 15489: Records management is a globally recognized requirement.

What are the three good features of records?

The empirical data were compared with recordkeeping and archival theory. Based on this study the essential characteristics of records were identified as context, form, organization, structure and version/copy.

What are the types of record keeping system?

Make sure you keep track of these five types of records for your business.Accounting records. Accounting records document your business’s transactions. … Bank statements. Bank statements are records of all your accounts with the bank. … Legal documents. … Permits and Licenses. … Insurance documents.

What is an example of record keeping?

An example of an accounting event would be the purchase of a company vehicle. The accounting or recordkeeping department would record the purchase of the vehicle as a debit to the vehicle asset account and a credit to cash or liability accounts in the general ledger.

What are the characteristics of medical records?

6 Key Attributes of a Medical RecordAccuracy of the medical record. The accuracy of the data refers to the correctness of the data collected. … Accessibility of the medical record. … Comprehensiveness of data. … Consistency of information in the medical record. … Timeliness of information. … Relevancy of the medical records.

What is the meaning of records?

record noun (INFORMATION) a piece of information or a description of an event that is written on paper or stored on a computer: … information about someone or something that is stored by the police or by a doctor: A person’s medical records are confidential.

What are the 5 typical stages in a record keeping system?

These five easy steps will help you create a simple financial record-keeping system: capture, check, record, review, and act.Capture the Information.Check to Make Sure the Information Is Complete and Correct.Record the Information to Save It.Consolidate and Review the Information.Act Based on What You Know.More items…

What are the objectives of records management?

Here we outline the most important objectives of a records management program.Information security. Information security is a key objective of a records management program. … Preservation of vital records. … Regulatory compliance. … Controlling overhead costs. … Streamlined file retrieval processes.