How long do I need to keep invoices and other financial records?

Can anyone give me some guidelines for the retention requirements of all major business and financial records?

Top voted answer
Steven Freeman

Steven Freeman at

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I believe it is 5 years for standard accounting records and a lot longer for things like shares if still owned.

Cliona Elliott

Cliona Elliott, Senior Editor at

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As a rule of thumb, it's generally recommended that you keep all business and financial records for five years from the date you lodge your tax return.