Retention of Financial Records
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hirschis
- New Member
- Posts: 1
- Joined: Sun Feb 04, 2024 4:41 pm
Retention of Financial Records
The monthly financial reports are available electronically, do I need to keep hard copies of the monthly reports?
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jdlessley
- Community Moderators
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- Joined: Mon Mar 17, 2008 12:30 am
- Location: USA, TX
Re: Retention of Financial Records
No. The entire process for reviewing the unit financial statement is intended to be done online in LCR without printing out a copy. The review is eSigned when reviewed by the bishop and unit clerk. All financial records available electronically online do not need to be retained and should be destroyed. Only retain the unit financial statements for which there is nothing available online in LCR > Finance > Reports.
JD Lessley
Have you tried finding your answer on the ChurchofJesusChrist.org Help Center or Tech Wiki?
Have you tried finding your answer on the ChurchofJesusChrist.org Help Center or Tech Wiki?
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russellhltn
- Community Administrator
- Posts: 34520
- Joined: Sat Jan 20, 2007 2:53 pm
- Location: U.S.
Re: Retention of Financial Records
Donations processed locally may need to be kept for awhile. In the US, the old rule was 3 years plus current. So, as of 2024, you'd need to keep everything from 2021 forward.
Have you searched the Help Center? Try doing a Google search and adding "site:churchofjesuschrist.org/help" to the search criteria.
So we can better help you, please edit your Profile to include your general location.
So we can better help you, please edit your Profile to include your general location.