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RECORDKEEPING  (Preferred term)

The making and maintaining of complete, accurate and reliable evidence of business transactions in the form of recorded information.

Recordkeeping includes: the creation of records in the course of business activity and the means to ensure the creation of adequate records; the design, establishment and operation of recordkeeping systems; and the management of records used in business (traditionally regarded as the domain of records management) and as archives (traditionally regarded as the domain of archives administration).

Source: Adapted from Australian Standard Records Management AS 4390