Title: Maintain a filing system for financial records.
Course: Agricultural Business Fundamentals I (18201-I) > Section: Managing Financial Records and Reports

Maintenance should include

- monitoring business performance by reviewing
  - income statements
  - cashflow statements
  - equity statements
- setting up manual and electronic records management systems using numerical, chronological, and/or tickler filing systems
- indexing, coding, and filing manual and electronic financial records, using numerical, chronological, and/or tickler filing systems
- retrieving information from files.

Process/Skill Questions:

- Why is recordkeeping important?
- What skills are needed for recordkeeping?
- What are the differences between handwritten and computer-generated records?
- What are some software programs to assist in keeping accurate records?
- What would happen if a business failed to keep accurate records?