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What is recordkeeping?

What is recordkeeping? Here are some definitions.

Noun
  1. The creation, collection and management of records, especially of a business or governmental nature
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Examples
If the plan is mandatory, it makes recordkeeping easier and general administration somewhat less costly.
When my husband accused me of saving too much, I realized that there wasn't much reasoning behind my recordkeeping.
The answer to these questions, and to having a successful recordkeeping program, is a records retention schedule.
We are required by law to collect personal information about the purchaser for client identification and recordkeeping purposes.
The regulations also address recordkeeping and the certification of reactor operators.
Most of the recordkeeping requirements discussed above apply to people who use their own vehicle for work or business.

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