Financial records are the documents that businesses use to track their financial activities and monitor their performance. They include documents such as balance sheets, income statements, cash flow statements, budgets and any other financial documents or statements created during the normal course of business. Financial records are essential for any business in order to make informed decisions, plan for the future and gain insight into how well the company is performing. It’s important to keep accurate, up-to-date financial records in order to ensure that a company is profitable and can continue to grow.