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Financial-Record-Keeping-business-and-finance-homework-help

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**Record keeping for a head start program**

Financial Record Keeping

Keeping good financial records is vital for a variety of reasons. Not only does it help to organize and maintain your financial information, but also (in many cases) you are legally required to keep certain records; thus, management will most likely also need this information. Your financial records will also provide you with vital information to help you manage your finances, and finally, certain records may be required of you when applying for funding through grants or other funding opportunities.

Part 1: Documentation

What are some of the important documents you must maintain? Explain how these will be useful to you and under what circumstances you will be using them?

Part 2: Accounting

What is the difference between a cash and accrual basis of accounting? What are the benefits of each?

 
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