An internet addict. Depends on who issued it - for an exact date, contact the issuing agency. Red Cross CPR certifications last for 2 years and American Heart Association certifications last for 2 years. Regardless how long the certification is good for, certain standards like NFPA require it annually. Be sure to check your company policy. Best case practice yearly in regards to OSHA training requirements (BBP).
Bank and Cash Records. The Better Business Bureau recommends holding onto bank statements for three years, and Bankrate suggests storing them for at least seven years. Records of bank reconciliation reports need be maintained for only two or three years, and duplicate bank deposit slips should be held for three years.
This report divides the age of the accounts receivable into various buckets, which you can sometimes alter within the accounting software to match your billing terms. The most common time buckets are from 0-30 days old, 31-60 days old, 61-90 days old, and older than 90 days.nnual sales/365 Days. For example, if there are usually $500,000 of accounts receivable outstanding at any time, and annual sales are $3.65 million, then the accounts receivable collection period is calculated as: $500,000 Accounts receivable / ($3,650,000 Annual sales / 365 Days) = 50 Days collection period.