Final answer:
The time frame for records to be moved to storage varies depending on an organization's policies or legal requirements. There isn't a universal answer, but options can range from 1 to 10 years or more. It's essential to consult specific retention policies or legislation for accurate guidance.
Step-by-step explanation:
Typically, records are categorized based on their level of activity and the retention schedule is based on legal, fiscal, administrative, or historical value. For instance, some businesses may decide to transfer records to storage when they become inactive after 1 year, while others may have a longer period such as 2, 5, or 10 years.
For financial documents, companies are often advised to keep them active or easily accessible for a minimum of 7 years due to tax-related regulations. It is important to check with the specific retention policy or legal guidelines applicable to your records.