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Supplier Statements

BartiraBartira Just JoinedRegistered Posts: 1
Can anyone tell me pls... what's the current requirement for how long supplier statements' should be kept! Many Thanks.:001_unsure:


  • JanJan Experienced Mentor Registered Posts: 654
    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-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    I May Be Wrong


    I may be totally incorrect but, i thought you had to keep records for 6 years?
  • jenjen New Member Registered Posts: 13

    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.

  • cherub76cherub76 Settling In Nicely Registered Posts: 22
    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!!!
  • hannahhhannahh New Member Registered Posts: 5
    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:
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