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Club records
Our club is 19 years old and we have accumulated a large
mass of paperwork in those years. When and what do you throw
away or keep?

There is no single answer to this question. It depends on the reliability and accuracy of your record keeping.

Your investment in your club is an investment in a capital asset. The general rule is to keep any records that substantiate the basis in such an asset until you dispose of it. In the case of a club that would be when it disbanded.

Everything in your clubs accounting history is still
impacting your current accounting.

Based on issues we deal with with clubs fairly regularly, I wouldn't be too quick to dispose of historical records that substantiate anything you've entered in your accounting.

We find issues often where availability of historical information has turned out to be very valuable to help clubs sort through current issues.

If you have duplicate information, for example deposit records and also brokerage statements that show deposits, perhaps you can consolidate things a bit. You could also scan and store electronic versions of the papers in your files area in bivio.

Hope that helps. If you have a specific question about a specific type of information you have saved, feel free to provide more details to get a more specific answer.

Laurie Frederiksen
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On Tue, Jul 28, 2015 at 7:10 PM, Colleen Goings <colleen.goings@gmail.com> wrote:
Our club is 19 years old and we have accumulated a large
mass of paperwork in those years. When and what do you throw
away or keep?