Record Retention Schedule

May 20, 2025

When it comes to recordkeeping, a good rule of thumb is to retain documents based on the three-year statute of limitations—plus an extra year as a safety net. But how long should you really keep items like general ledgers, depreciation schedules, canceled checks, property records, and tax returns? The answer often depends on your specific circumstances. There are important exceptions to the rule, and understanding them can help you avoid three common pitfalls: discarding key records too soon, overlooking missing documents, and failing to plan for secure, long-term storage.

Download our Record Retention Schedule to help you create a smarter, more secure document strategy.