§ 2430.115. Records maintenance.
(a) The vendor shall maintain appropriate records for the Internal Revenue Service, State and local taxing bodies and other Federal, State and local agencies which mandate the maintenance of certain records, see § § 2430.101—2430.108 (relating to operation of a facility). The required records include, but are not limited to:
(1) Payroll records including gross salary, fringe benefits, if any, and payroll tax deductions.
(2) Payment records supported by related orders, invoices and receipts.
(3) Sales records supported by price lists and inventory reports.
(4) Bank records which substantiate the transactions noted in paragraphs (1)—(3).
(b) The vendor shall retain these records and others which may be required for the necessary period but in no case less than five years. The retained records also must be available for review and audit by the Department or the Auditor General.
Cross References This section cited in 55 Pa. Code § 2430.107 (relating to budgeting and accounting).
No part of the information on this site may be reproduced for profit or sold for profit.
This material has been drawn directly from the official Pennsylvania Code full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.
