Question:
How far back should our church hold on to financial records?
Answer:
While I'm not a lawyer, my understanding is that the legal statute of limitations that will generally apply to the church is 7 years. Many churches label boxes of financial records with the applicable year, plus a “Destroy” date 7 years later. They maintain copies of annual reports to the body in perpetuity.
How far back should our church hold on to financial records?
Answer:
While I'm not a lawyer, my understanding is that the legal statute of limitations that will generally apply to the church is 7 years. Many churches label boxes of financial records with the applicable year, plus a “Destroy” date 7 years later. They maintain copies of annual reports to the body in perpetuity.
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