How long should sales records such as invoices and monthly statements be stored?

Question

asked Sep 10, 2020 228k views

2 Answers

Jan Kotas · Answer 1 · 2020-09-13T05:33:04+0000

The IRS suggests all business records should be kept seven years. This allows firms to have records in case there is change to their taxes.

Vithani Chandresh · Answer 2 · 2020-09-17T11:46:06+0000

7 years, but in some highly regulated industries, such as financial services (broker dealer/ investment services), best practices is considered to be 10 years

How long should sales records such as invoices and monthly statements be stored?

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

Please log in or register to add a comment.

Please log in or register to add a comment.

No related questions found

Categories

Other Questions