Year-End General Ledger
Records that document annual fiscal year-end status of accounts. Information may include account number, posting date, debit and credit amounts, year-end balance, and other related information
Retain seven 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