Record Retention


SCHEDULE:

Accounts payable ledgers 6 years
Accounts receivable ledgers 6 years
Audit Reports, external 10 years
Bank statements, including canceled checks and deposit slips 6 years
Capital property record Active + 6 years
Capital stock and bond record Indefinitely
Contracts and leases Active + 6 years
Deeds, mortgages and titles Indefinitely
Employee records Active + 6 years
Financial statements 10 years
Insurance policies Active + 6 years
Invoices from vendors 6 years
Invoices to customers 6 years
Payroll history 6 years
Tax Returns Indefinitely

'Active' means the period while a matter is active.

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