| Activity | AD2500 University Accounting |
| Records Series | 33 - Accounts Receivable |
| OPR | Financial Services or Department/Unit |
| Description | Records documenting accounts receivable activities. Used for tracking and reporting the receipt of funds payable to the department or unit, such as general revenues, tuition, fees for goods and services provided to external clients, and fines. Sample documents: invoices, receipts, cash receipts, cash register tapes, and fine records. |
| Retention Trigger | FY |
| Total Retention | 7 years |
| Final Action | D |
| Disposition Plan | |
| Retention Rationale | Income Tax Act (R.S.C., 1985, c. 1 (5th Supp.)) s.230 (4)(b)requires all other records and books of account referred to in this section, together with every account and voucher necessary to verify the information contained therein, until the expiration of six years from the end of the last taxation year to which the records and books of account relate. |
| PIB | No |
| Vital Records |
This schedule applies to official records in all media. Convenience or duplicate copies of official records are considered transitory and should not be kept longer than necessary, and in no event longer than the official copy.
GLOSSARY
- AR = Transfer to Archives
- AY = End of Academic Year
- CO = Continuous OVerwrite
- CY = End of Calendar Year
- D = Destroy / Delete
- DP = Special Disposition Plan
- FY = End of Fiscal Year
- OPR = Office of Primary Responsibility
- PIB = Personal Information Bank
Printed on Saturday, Apr 20 2024