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Why is it important to keep your own financial records?

Why is it important to keep your own financial records?
asked 88.8k views
4 votes
Why is it important to keep your own financial records?

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User CAFEBABE
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1 Answer

4 votes
Its great for documentation on income tax returns. A bank may require financial documentation of income statement, a cash flow statement, or a balance sheet before loaning you money. It will help identify sources of income and track debts.
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User Hersson
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