Record-keeping is the process and system of maintaining records of your business transactions.

You are required to maintain proper records of your business transactions for a period of at least 5 years from the relevant YA.

For example, your records for the financial year 1 January 2013 to 31 December 2013 (YA 2014) should be kept up to 31 December 2018.

Accounting Documents to Maintain

accounting documents to maintain