FIN 103 Table
Interdepartmental billing computations, receipt acknowledgments, and other documents of servicing departments substantiating interdepartmental charges should be retained for seven years. Failure to adhere to this policy could result in cost disallowances to ASU and possible charge-backs of previous billings to departments.
Documentation of purchases made with an ASU Purchasing Card, including itemized cash register receipts and other point of sale documents that specify what was purchased, should be retained for five years. All documentation for Purchasing Card transactions is maintained in the department making the purchase. The documentation must be available for review/audit for five years.
Cash receipts details and cash register tapes should be retained for three years.
All other financial records used for monthly reconciliation should be retained for three years. Financial Services typically maintains a copy of these records for seven years.
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