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Recordkeeping Requirements

Accounting records vary widely depending upon the size and type of business.

Source documents show the details of a transaction. Individual sales may be recorded on one of the following "source documents:"

          Sales invoices.
          Restaurant tickets.
          Cash register tapes.

The individual source documents may be summarized and totaled to compile daily, weekly and monthly financial information. These summary documents are the basis of accounting and financial records, such as financial statements and tax returns.

In accordance with Section 3.01.065 of the Lakewood Ordinance, both source and summary documents should be retained for at least three years from the date of filing and paying a return.

Contact Information:

Sales Tax Auditor
Direct: 303-987-7630 | Email:

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