CRI's Record Retention Schedule

Some decisions are actually quite easy. Do you have questions about how long to retain documents including general ledgers, depreciation schedules, cancelled checks, property records, and tax returns? A general rule of thumb is to keep records per the three-year statute of limitations rule (plus an extra year for cushion), but our Southern accounting firm has created a CRI Record Retention Schedule for your convenience. As usual, there are exceptions, so be sure to consult with the CPAs of CRI regarding your unique situation.