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

User Avinash Kumar Pandey
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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.

User Jan Kotas
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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
User Vithani Chandresh
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