Financial _ Documentation is needed for quoting and pricing, billing clients, issuing receipts and pursuing bad debts as well as for keep daily and monthly records of business cash flows.
When employment starts, so does the employer_employee relationship. This type of relationship is defined by the kind of contract the employee has in the company. It revolves around the things they talk about and disclose to each other before the start of the employment. And before such employment, it is necessary that the company has certain basic information about the employee. This is basically for accountability purposes and for the sake of having a complete and uniform record of all employees.