FN05 – Accounting Journal Entries

Records of the logging of transactions into the accounting journal.

Responsible Unit | Information Steward | Information Confidentiality Classification | Retention | Disposition | AuthorityVersion Information

Content & Scope

The records include manual journal entries for internal transfers between funds and supporting documentation.

Responsible Unit

  • Finance.
  • Other units as arranged with Finance.

Information Steward

Vice President, Administration & Finance.

Information Confidentiality Classification

Restricted.

Retention

7 years.

Disposition

Secure Destruction.

Note

Responsible Units should document the disposal/destruction of official records using the University records destruction form or equivalent documentation, to verify that we are following our records retention rules.

Authority

Income Tax Act, 1985, s. 230 (4) (b).

Retention Rationale

Income Tax Act, 1985, s. 230 (4) (b) specifies that records be kept for 6 years after the taxation year to which they relate.

Approval Date

14 April 2010