Greetings, Listserv collegues! Traditionally, most companies consider Bank
Reconcillations/Statements to be normal finance related records and
establish the retention period based on release of the tax audit along with
other accounting type records. They tend to follow the same release times as
accounts payable, accounts rec., etc.

With the state of the economy and the income of many state governments
decreasing, has anyone heard of some states becoming more agressive in
pursuing old unclaimed property issues and collecting against companies? If
so, I was curious if companies were considering increasing the retention
period for bank reconciliation records in order to defend audits.

Opinions my own and not those of any employer.

Laurie Carpenter, CRM
Burbank, CA
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