What are the four essentials of good filing system?

The word filing means keeping the records in files. The method of sorting, arranging and storing records to ensure quick location for reference is called filing. Filing is regarded as the keystone of business organisation because files are the memory house of information for the business. Good filing system is one, which ensures speed and accuracy in reference. The following are the essentials of good filing system.

(a) It should be simple to understand and handle.

(b) It should ensure easy and quick reference of records.

(c) It should be economical.

(d) It should be compact so that it can make proper use of space..

(e) It should facilitate cross reference of records.

(f) It should be made up-to-date.

(g) It should be flexible.