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How long do you need to keep financial records after someone dies?
Wiki User
∙ 14y ago
7 years
Wiki User
∙ 14y ago
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How long do you keep financial records?
Seven years is standard.
How long do you keep business financial records?
It varies according to the country.
Why do businesses need to keep financial records?
It is required by the FASB and the government. It is your legal obligation.
How long do you keep small business acounting records in case of an audit?
All financial records for companies should be kept for at least 7 years.
Is it legal for homeowners associations to keep two sets of financial records?
You can look to the state corporate law under which your association was incorporated. There may -- or may not -- be guidance there as to the number of financial records to be kept. As an owner, you can request copies of all financial records. With copies in hand, you can consult with a local, common interest community attorney or CPA, and get the answer you want. Note that keeping multiple sets of financial records rarely indicates transparency in the conduct of business.
Why is important to keep accurate financial records?
yea
How long do you keep financial records?
Seven years is standard.
How long do you keep business financial records?
It varies according to the country.
Most nations do not keep records of their commercial and financial dealings with other nations?
false
Why do businesses need to keep financial records?
It is required by the FASB and the government. It is your legal obligation.
Do most nations keep records of their commercial and financial dealing with other nations?
false
Most nations do not keep records of their commercial and financial dealings with other nations.?
false
What do you most likely keep in a database?
Important records, such as a financial statement is an item that you would be most likely to keep in a database.
How long do you keep small business acounting records in case of an audit?
All financial records for companies should be kept for at least 7 years.
Is it legal for homeowners associations to keep two sets of financial records?
You can look to the state corporate law under which your association was incorporated. There may -- or may not -- be guidance there as to the number of financial records to be kept. As an owner, you can request copies of all financial records. With copies in hand, you can consult with a local, common interest community attorney or CPA, and get the answer you want. Note that keeping multiple sets of financial records rarely indicates transparency in the conduct of business.
What does bail out mean in business?
To bail is to discard water to keep a boat from sinking. Similarly, to bail out someone or a business is generally to keep them from financial ruin. One can partially bail out someone, as to assist them from financial ruin.
What are accounting programs designed for?
Accounting programs are designed to keep and organise financial information. This information includes employee payrolls, sales and purchases ledgers, bank transactions records and records of suppliers. It is easy to print the information as financial reports.
