Records Management

Archive Storage
Archive storage refers to a designated area or facility used to securely store old or inactive documents, records, and data for long-term preservation and easy retrieval.
Field
In computer word- or data-processing systems, a field is a group of adjacent characters representing a specific piece of information within a record.
Record
In data processing, a record refers to a collection of related data items stored together. Each record contains fields that represent different pieces of related information.
Records Management
Records Management refers to a system used to collect, record, store, and eventually discard information. Effective records management ensures that information is correctly managed throughout its lifecycle, supporting compliance, operational efficiency, and risk management.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.