Describe the key features of a financial record keeping system.

-Keeping all payments and receivables transparent.

-Amortizing prepaid expenses.

-Depreciating assets according to accepted schedules.

-Keeping track of liabilities.

-Coordinating income statements, expense statements, and balance sheets.

-Balancing multiple bank accounts.

-Ensuring data integrity and security.

-Keeping all records up to date.

-Maintaining a complete and accurate audit trail.

-Minimizing overall paperwork.

Step-by-step explanation:

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Step-by-step explanation:

Management of your general accounting

Management of expense

Manage your budget

Efficient management of time and work

Advanced reporting bank system

Ensure data security

Reducement of paper

Complete audit

Data integrity

If anyone keeps track of these information and practice self control everyday even on the minimum things it will be a hack of a lot of productive in saving and controlling money.