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What is account ongoing?
Account ongoing refers to the process of continuously updating and maintaining financial records to reflect the current financial status of an individual or organization.
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Any individual or organization that has financial transactions or assets that need to be tracked and documented is required to file account ongoing.
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Account ongoing can be filled out by recording all financial transactions, expenses, income, and assets on a regular basis using accounting software or manually on a ledger.
What is the purpose of account ongoing?
The purpose of account ongoing is to provide an accurate and up-to-date picture of an individual or organization's financial health, and to facilitate financial decision-making and reporting.
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Information such as income, expenses, assets, liabilities, investments, and any other financial transactions must be reported on account ongoing.
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