Friday's article ? in contrary to the previously published ones - not really concerned the subject of relaxation, relaxed or relaxing. We would like to describe the problem of knowledge, which is often noticed in the accounts, namely the retention period for the accounts and the related documentation.

Answer yourself ( but " hand on heart ") on the question of how long you store your documents? Do you know how long you keep it? The general consensus is, unfortunately, the prevailing view that all the " Compliment Slips ". We retain for a period of five years and is most likely calculated from the date of issue of the document. Is this true?

Well do not! Storage periods for various types of accounting records are governed by the Law.

First, the approved annual financial statements shall be permanently stored. Persistent storage is not therefore mean that the period of five or 10 years .

Persistent storage is equivalent to an ongoing, lifelong, enduring - so timeless and limitless. Approved the financial statements can not therefore after some time to get rid of. Mandatory must be stored by " all the time".

It is so important that only with respect to the legislature speaks with indefinite storage. With respect to the remaining documents , the right balance represents the minimum time of storage. And so:

Pay slips employees or their equivalents are stored for a period required for access to this information under the provisions of pensions, benefits and tax - but not less than five years.

The documentation of the accounting retain for a period of not less than five years from the expiry of its validity.

Accounting documents relating to fixed assets under construction , advances , loans and trade agreements, the claims asserted in a civil action or subject to criminal or tax store for a period of five years from the beginning of the year following the year in which the operations, transactions and proceedings have been completed finally, paid, settled or barred.

Accounting documents of the proceeds from retail stores to the date of approval of the financial statements for the financial year but not less than the settlement of entrusted assets subject to retail sales.

Documents concerning warranty and complaint - stored for a period of one year following expiry of the warranty period or settlement of claims.

However, for a period of five years keep books of account, documents, inventory and other accounting documents and papers.

These retention periods are calculated from the beginning of the year following the financial year in which the data sets relate.

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