Financial Document Retention

In most cases, source documentation is submitted to the appropriate area for payment (e.g. Finance, Payroll, etc.) and these areas are responsible for document retention. In some cases the source documentation is retained locally for seven years (e.g. for internal charges and purchase card transactions). All research projects are subject to periodic internal and external audits; researchers may be required to provide audit back up for those transactions where documentation is retained locally.

Documents are reviewed to ensure that

  • All expenses have appropriate authorization (i.e. PI or delegate)
  • All expenses are eligible for that specific project
  • All expenses adhere to sponsor guidelines and UW policies and procedures
Source Document Area responsible for retaining source documentation
Delegation of signing authority forms for research accounts Office of Research
Payroll authorization/forms (e.g. graduate studies, PDFs, casual pay, temporary pay, staff pay etc.) Payroll
Travel Forms Finance
Personal Reimbursements (Request for Payment) Finance
Invoices Finance
Purchase Requisitions & Orders Procurement & Contract Services
Authorization for Internal Charges (e.g. Chem Stores, Engineering Machine Shop, Telephone Services etc.) Researcher / Department
Purchase Card Statements & Receipts Researcher / Department