Question regarding invoices? -

I live in a Australia, so I am not sure if this question is the same worldwide.I do the book keeping for my sister and brother in laws work and we have asked the accountant how long do you keep the invoices, receipts for, we have been told it is either 4 years or 7, does anybody know how long?

Every location has different rules. .Ask the accountant again about the 4 or 7 year retention period.You might search the Goverments website for the same answer.