1 Function point analysis can be used to determine which environment/language/tool is more productive. 2  Function point analysis can provide a mechanism to track and monitor scope creep. 3  Function point counts at the end of each phase/stage of a project can be compared to the function points actually delivered.
You should keep most tax-related documents for a minimum of three years, but it's recommended that you keep them for seven years. If you've gone paperless, then your bank will generally store your statements for seven years, but check to see what your bank's policy is on maintaining its customers' records.
Most businesses accumulate a large number of documents on a monthly basis -- such as financial statements, receivables, payables, insurance paperwork and employee records. Documents pertaining to paid accounts are important to keep, because they show debits for goods and services the company has paid off.ecord-Keeping Time Frame. The main reason a business should retain financial documents from prior years is in the case of an audit by the IRS. The IRS states that except in the case of fraud, it has three years from the date of a business filing a return to perform an audit.