Katrina-I am from New Mexico and we have adopted the NM State Records Retention and Disposition Schedules. The schedule for ledgers and journals are a six year record after the close of the fiscal year. Every state has different retentions and I would suggest checking with your state. Some of our ledgers are kept for ten years as they use them to prepare reports.
List archives at http://lists.ufl.edu/archives/recmgmt-l.html
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