Audit & Compliance

Document Retention Schedule Template

Establish and maintain a schedule for document retention requirements by document type and retention period.

How to use this template

1

Document types

List all document types maintained by finance and accounting including GL, invoices, reconciliations.

2

Determine retention period

Research and document the legal minimum retention period for each document type.

3

Establish destruction process

Define the process for secure destruction of documents after retention period expires.

4

Communicate to staff

Ensure accounting staff understand retention requirements and destruction process.

5

Execute destruction

Periodically destroy documents per schedule while retaining evidence of destruction.

Why use this template

  • Ensures documents are retained per legal and regulatory requirements
  • Reduces storage costs through timely destruction of unnecessary records
  • Demonstrates compliance with document retention regulations
  • Protects sensitive financial records from unauthorized access

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