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Statements

  • 13-07-2016 09:49AM
    #1
    Jonny303
    Registered Users, Registered Users 2 Posts: 634 ✭✭✭


    Good morning,

    Just a quick one. Do you need to keep suppliers statements?
    Invoices, credit notes etc obviously need to be kept but I don't think I have a need to file statements, would I be correct?

    J


Comments

  • #2
    cdeb
    Moderators, Sports Moderators Posts: 7,512 Mod ✭✭✭✭cdeb


    They're proof of a debt at any given time (particularly the year-end, when they're needed for audit/accounts prep) and of payments, so yes, they would need to be kept.


  • #3
    Allinall
    Registered Users, Registered Users 2, Paid Member Posts: 7,534 ✭✭✭Allinall


    Jonny303 wrote: »
    Good morning,

    Just a quick one. Do you need to keep suppliers statements?
    Invoices, credit notes etc obviously need to be kept but I don't think I have a need to file statements, would I be correct?

    J

    You would need to keep ones around the year end for audit purposes.

    Are most statements not in electronic form now?


  • #4
    Jonny303
    Registered Users, Registered Users 2 Posts: 634 ✭✭✭Jonny303


    Most that I get are not.

    Leads to me my next question, invoices etc I need to keep in the original form (correct?). Is there anything stopping me storing statements electronically?


  • #5
    cdeb
    Moderators, Sports Moderators Posts: 7,512 Mod ✭✭✭✭cdeb


    I don't think there's a specific requirement to keep invoices in one form or another (paper/electronic).

    Certainly if a statement comes in by e-mail, I don't see any problem just saving it to a folder. Though I would tend to print it anyway as I find one folder of invoices/statements you can flick through is easier to access than folders on a computer (I'm probably old-fashioned that way...!)


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