how long do you have to keep accounts payable records
Ideally, your business should implement a storage or filing system that allows owners and other personnel to retrieve receipts and records for assets and accounts when needed. While your business does not have to keep its accounts payable records permanently, it should keep them for at least 10 years. A Decade of Records How long you should keep your business records on file depends on the action, expense or event the document records, according to the Internal Revenue Service.