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18 October, 08:08

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

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  1. 18 October, 08:13
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    7 years, but in some highly regulated industries, such as financial services (broker dealer / investment services), best practices is considered to be 10 years
  2. 18 October, 08:23
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    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.
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