Accounts payable (ledger, schedules and invoices from vendors)

7 years

Accounts receivable (ledger, schedules and invoices from vendors)

7 years

Audit Reports

Permanently

Chart of Accounts

Permanently

Depreciation schedules

Permanently

Expense records

7 years

Financial statements (annual)

Permanently

Fixed asset purchases

Permanently

General ledger

Permanently

Inventory records

7 years

Loan payment schedules

7 years

Purchase orders (1 copy)

7 years

Sales records

7 years

Tax returns, revenue agents' reports and other
documents relating to determination of income tax liability

Permanently