Article Archive
|
Article Archive |
|
|
Business Document Retention Guide The following are general guidelines for business document retention. Base your decisions on your business needs, the advice of your legal counsel and accountant and/or financial advisors. Accident Reports/Claims (Settled): 7 years Accounts Payable Ledgers: 7 years Accounts Receivable Ledgers: 8 years Auditor’s Reports: Permanent Bank Statements: 3 years Cancelled checks: 4 years Capital Stock and Bond Records: Permanent Contracts and Leases: 4 years after termination, expiration or disposal Correspondence, General: 2 years Correspondence, Legal: Permanent Deeds, Mortgages and Bills of Sale: Permanent Depreciation records: 4 years after termination, disposal or expiration Employee expense reports: 4 years Employee personal and payroll records: 7 years (after termination) Financial statements (annual): Permanent General ledger: Permanent Insurance Records & Policies: Permanent Inventory Records: 7 years Invoices: 7 years IRA and Keogh Plan related documents: Permanent Corporate Minute Books, Bylaws & Charter: Permanent Payroll records: 7 years Petty Cash Vouchers: 4 years Property Records: Permanent Purchase Orders: 3 years Tax Returns: Permanent Time Cards and daily time reports: 7 years Trademark Registrations, Patents & Copyrights: Permanent Resources: Sterck Kulik O’Neill Accounting Group, Inc.
|
|
Send mail to
webmaster@nomorechaos.biz with
questions or comments about this web site.
|
