how long do you have to keep an employees timesheet on file?
Question : how long do you have to keep an employees timesheet on file?
Are there any regulations or laws stating you need to keep timesheets for employee’s on file for a certain time frame?
Our company has tons of paper timesheets from 10 to 20 yrs ago and we need to make room. But we are hesitant to throw out anything until we know the laws if any. Is it safe to disgard of timesheets? How long should we keep them on file? Can’t seem to find the answer online anywhere. Help!
online timesheet
Best answer:
Answer by Larkynsmommy
Time-sheets punch detail reports at my company were kept 7 years. Employee Personnel files were kept 30 years. I live in PA.
According to the IRS, employee records should be kept for a minimum of 4 years, but I suggest 7 because under the federal guidelines that’s about how long your really need to keep any records.
Check with your state’s Worker’s Compensation or L&I department to get their minimums. Usually if you follow the feds, you’re safe because their requirements are more stringent.