chapter 3

document retention example: 2 years: correspondence w/ vendors 3 years: bank reconcilation, statements, electronic fund transfers, canceled checks 7 years: accounts receivable and payable ledgers, (contracts, mortgages, notes, and leases) (expired), payroll records, funded grants permanent: articles of incorporation, charter, bylaws, minutes, deeds, mortgages, and bills of sale, contracts still in effect, legal correspondence, tax returns and worksheets

chapter 7

for cash disbursement (and other payments) , different people should:

for check above a certain amount, at least two ppl should sign the check