Correspondence records – these are documents created inside or received from outside the office (e.g., letters, memos, notices, etc.)
Accounting records – refers to records of financial transactions such as sales, cash receipts, deposit slips, balance sheet, etc.
Legal records – records that show the business’ compliance to legal requirements (e.g., memorandums, contracts, articles of association, government rules and regulations, etc.)
Employee records – documents that contain employee information or any record that’s related to an employee (e.g., address and contact details, salary, promotion and work history, attendance and leaves, etc.)
Progress records – records that present information regarding the business’ progress. (e.g., performance reports, purchases, cost, budget, etc.)
Miscellaneous records – this pertains to records not covered by the other types. Records that fall under this category are usually related to expansion, diversification, and other business activities (e.g., assessments, surveys, etc.)