DuPont Wealth - October 2019

CLEAN OUT THOSE OLD DOCUMENTS

THROW OUT AFTER SEVENYEARS • Accident reports and claims (settled cases) • Accounts payable ledgers and schedules • Accounts receivable ledgers and schedules • Canceled checks • Contracts and leases (expired) • Expense analyses and distribution schedules • Inventories (products, materials, supplies) • Notes receivable ledgers and schedules • Payroll records and summaries, including payments to pensioners • Purchase orders (purchasing dept. copy) • Sales records • Invoices to customers • Invoices from vendors

KEEP FOREVER AND EVER • Audit reports of accountants • Capital stock records • Canceled checks for important payments (i.e., taxes, purchases of property, contracts) • Contracts and leases in effect • Correspondence (legal and important matters only) • Deeds, mortgages, and bills of sale • Financial statements • General and private ledgers • Insurance records, current accident reports, claims, policies, etc. • Minute books of directors and stockholders, including by-laws and charter • Property records including costs, depreciation reserves, end-of-year trial balances, depreciation schedules, blueprints and plans, and property appraisals by outside appraisers • Tax returns and worksheets, revenue agents’ reports, and other documents relating to the determination of income tax liability • Trademark registrations

Every home and office has at least one file cabinet full of manila folders stuffed with documents gathering dust.The temptation to get rid of these overflowing drawers can be a strong one, especially when you start considering what you could do with the extra space. But make no mistake, most of what you have in those rusting cabinets is vital. However, you can throw out a few things to keep you from drowning in documents. THROW OUT AFTER AYEAR • Bank reconciliations and deposit slips • Correspondence (routing) with customers or vendors • Purchase orders (except purchasing department copy) • Receiving sheets • Stockroom withdrawal forms THROW OUT AFTERTHREEYEARS • Correspondence (general) • Employment applications and personnel records (after termination) • Insurance policies (expired) • Internal audit reports (minimum three years) • Petty cash vouchers • Physical inventory tags

• Scrap and salvage records • Stock certificates (canceled) • Subsidiary ledgers • Time books • Voucher registers and schedules

• Vouchers for payments to vendors, employees, etc. (includes allowances and reimbursement of employees, officers for travel and entertainment expenses)

SUDOKU

CHOCOLATE-DIPPED FRUIT

Inspired by Food Network

This super easy and fun way to create homemade treats provides your kids with a healthier and more delicious alternative to packaged industrial candy. As a bonus, making it is an awesome Halloween activity for your family to enjoy.

INGREDIENTS

1 package melting chocolate

Assorted dried fruit, including apricots and mangoes

DIRECTIONS

1. In a large saucepan, bring 1 inch of water to a boil. 2. Place a large, heatproof mixing bowl on top of saucepan so that no steam can escape. Place melting chocolate in mixing bowl and double boil until melted. 3. Dip half of each piece of fruit in chocolate before transferring to a parchment-lined baking sheet to rest. 4. Let cool for 10 minutes until chocolate solidifies. 5. Place in school lunches, serve at parties, and indulge in a few for yourself.

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