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Payroll tax returns PERM
Pension tax returns PERM
Property tax returns PERM
Sales tax returns PERM

ACCOUNTS RECEIVABLE RECORDS (V)
Accounts Receivable Invoices 4 years
Accounts Receivable Ledgers 4 years
Cash Receipts 4 years
Uncollected Accounts (non-student) 4 years
Collection Records ACT
Cash disbursement register 4years
Perkins repayment records after 12/87 3 years
Promissory Notes (Perkins loan) before 12/87 3 years after paid in full

ACCOUNTS PAYABLE RECORDS (V)
Purchase Requisitions/Work Orders 4 years
Invoices 4 years
Checks 4 years
Accounts Payable Ledgers 4 years
Payment/Disbursement Records 4 years
Expense Reports 4 years
Insurance Payments 4 years
Royalty Payments 4 years
Check register 4 years
Reversed check register 4 years
Cancelled checks 4 years
Major assets PERM
Contracts ACT + 3*

*Certain contracts may need to be retained longer, such as construction agreements,
warranty agreements and agreements relating to major assets and buildings. Some of these
are noted in other sections of this policy. Questions should be referred to legal counsel.

CAPITAL PROPERTY RECORDS (V)
Equipment Inventory ACT
Depreciation Schedules ACT + 6
Mortgage Records ACT + 4
Property Improvement Records PERM
Deeds and closing records PERM

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