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Planning ahead Being prepared and recording your own choices is very astute, and something we encourage, if not for yourself but to lift the decision-making burden on those left behind. On the inside
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Being prepared and recording refers to the documentation and organization of financial transactions and records.
Businesses, organizations, and individuals who engage in financial transactions are required to file being prepared and recording.
Being prepared and recording can be filled out manually or using accounting software to input all financial transactions accurately.
The purpose of being prepared and recording is to maintain accurate financial records for taxation, auditing, and decision-making purposes.
Being prepared and recording must include details of all financial transactions such as income, expenses, assets, liabilities, and equity.
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