Banking? AP back up? Customer files? Invoices to Customers? Other?
Records Retention – How long do you keep business records?
Answers
It depends on the item, some have longer retention periods. I found this document, which may help: https://www.
Thank you Christie - that is a great resource!
Question: How about if the company was sold and have new owners? For example, I have journal vouchers 10 years old, and the company was sold and have new owners since 2010. Should I keep those vouchers from 2004, 2005, etc.?
Regarding
Check and see if the acquired and acquiring companies had entered into a IRS Record Retention Agreement either before or after the transaction. If an agreement is in place it will layout the financial information, applicable time periods, format of rentention, etc. that should be kept. If either company was audited by a public
Good Luck!