Decide how each record should be classified primarily for external and internal usage. Next, determine whether the record is a transactional or reference document.

The records are listed again in a second chart in the file. Decide how each record should be classified$—$vital$,$ important, useful, or nonessential.

Business Record External Internal Transactional Reference

Property Title Document

Weekly Employee Timesheets

Invoices Sent To Customers

Annual Financial Report To Shareholders

Quarterly Federal Employee Payroll Tax Report

E$-$mail Announcing Employee Retirement Party Time and Location

Business Record Vital Important Useful Nonessential Not a Record

Property Title Document

Weekly Employee Timesheets

Invoices Sent To Customers

Annual Financial Report To Shareholder

Quarterly Federal Employee Payroll Tax Report

E$-$mail Announcing Employee Retirement Party Time and Location