Supplier Statements

[Bartira]

Can anyone tell me pls... what's the current requirement for how long supplier statements' should be kept! Many Thanks.:001_unsure:

[Jan]

I don't think there is any legal requirement to keep them. I reconcile to my records, make the payment and dare I say it .. destroy them!

[A-Vic]

Hey

I may be totally incorrect but, i thought you had to keep records for 6 years?

[jen]

Hi

As far as I am aware, you dont have to keep them. I do keep them at year end though, because our auditers do ask ti see them to show that the balance reconciled at the year end.

Jen

[cherub76]

I dont think that there is any legal requirement to keep them, i reconcile them and keep them for 3 mnths, that way i can see if they slip in any rogue invoices!!!

[hannahh]

99% sure theres no legal requirement for statements, just makes your job and the auditors easier. i have been doing some audit work and it really does save a lot of time and makes it a lot easier if the client has kept the statements so do keep them though!:thumbup1: