Storage & Filing — Expert Answer
How do accounting firms typically organize their filing systems?
Accounting firms deal with client tax files, audit workpapers, financial statements, and engagement letters — all with strict retention requirements (often 7+ years for tax files). A common setup: one lateral or vertical filing cabinet per active engagement season, organized alphabetically by client. After tax season, files move to annual archive storage — clearly labeled boxes or a separate archive cabinet — for the required retention period. Workpaper files for audit engagements tend to be bulkier and may need box-bottom hanging folders or binder storage. Electronic backup is standard but original signed documents must be physically retained. Fireproof storage for original engagement letters and signed returns is advisable. FindOfficeFurniture.com — call 888-719-4960.