| |
| Type
of Record |
Retention Period |
| Bank Statements |
7 Years |
| Business Licenses |
Until Expired |
| Cash Register Tapes |
3 Years |
| Check Registers |
Keep Permanently |
| Canceled Checks |
3 Years |
| Deeds, Titles, Title Insurance |
Length You Own Property |
| Financial Statements |
Keep Permanently |
| General Ledger |
Keep Permanently |
| Inventory Records |
7 Years |
| Invoices (A/P) |
3 Years |
| Invoices (A/R) |
3 Years |
| Phone/Utility Bills |
3-6 Years |
| Property, Plant, & Equipment
Records |
Keep Permanently |
| Purchase Orders |
3 Years |
| Receiving Reports |
3 Years |
| Tax Returns (& Related
Backup) |
10 Years Minimum |
| Time Cards or Tickets |
3 Years |
| Travel Expense Records |
7 Years |
|
|
