Records that document the tracking of financial transactions. Initial entries are made to journal and later posted a ledger. File may include correspondence, receipts and other related records.
Retain for five years after audit then dispose of.
Confidential destruction is required. Paper must be shredded, pulped, or incinerated; electronic records must be overwritten or the storage media physically destroyed. Deletion of information in computer files or on electronic storage media is not sufficient.
Last Updated: December 31, 2008