Mich. Admin. Code R. 460.2526 - Accounts receivable; retention periods
Rule 26. The following accounts receivable records shall be retained for the periods listed (see rules 53 and 54 for accounts with customers for utility service and merchandise sales):
| (a) Records of accounts receivable pertaining to sales of utility plant. | 3 years after settlement. |
| (b) Record or register of accounts receivable and indexes thereto and summaries of distribution. | 3 years after settlement. |
| (c) Accounting department copies of invoices issued and supporting papers which do not accompany the original invoices and authorizations for charges, including supporting papers. | 3 years after settlement. |
| (d) Periodic statements of unsettled accounts, except trial balances. | Destroy at option. |
| (e) Schedule of invoices to be issued. | Destroy at option. |
Notes
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