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Here are some tips about good records management policies to focus on at year-end.

 

 
Year end Records Management Tips

Seasonís Greetings to all our contacts.

 

As you would already be aware, we will shortly be reaching the end of the Indonesian financial year. This is a busy time for businesses and their document management processes. We thought we would take this opportunity to make some suggestions on effective archiving:

  • Review your retention policy. Undang-Undang Dokumen Perusahaan No. 8 1997 is the most frequently referred to Indonesian law that impacts document retention. This law requires preservation of documents that support your Profit & Loss and Balance Sheet for a period of at least 10 years. However, an organisation produces many other kinds of documents that you may be able to keep for much shorter periods and save your storage costs. Not all documents need to be kept for 10 years.

  • Review your document inventory for documents that have reached the end of their retention period, and make arrangements to destroy them. For commercial records this will most likely be 10 years after 31 December of the year that they were created. Destroying documents on time saves you storage fees, and complying with a retention policy protects you from litigation.

  • Make sure that you have enough archive boxes on hand to retain your newly archived documents. You donít need to be an LAT client to purchase these, and they are far cheaper than buying new filing cabinets or shelving.

                     

  • When you archive documents try to keep documents of a single type and single financial period in one box. Record the destruction date and either a barcode or other unique manual reference number on the outside of the carton. Be very careful to avoid duplicate reference numbers which can cause you significant problems when you need to retrieve records.

              

  • Make a list of the contents of each box and keep this in a central location. Try to be consistent in the way you capture this information, because if you donít, it will be difficult to find documents in the future. You may want to use our MYOF software for this purpose.

       

  • Make a yearly backup of your businessís data to tape and send this to offsite storage. This provides a snapshot of your business at year-end, and also helps your businessís continuity in the event of a disaster.

LAT  is a privately-held information and records management company that has been operating in Indonesia since 1985. It operates facilities in six locations in Indonesia and three locations in the Philippines storing millions of files and data tapes for a wide variety of clients. Our facilities are all secure, built outside of flood-zones and feature a range of fire protection measures.

 

For further information on these or any other document management related matters, please contact us:

 

Lane Archive Technologies Ė Indonesia

Ph: (0251) 8618063

Fx: (0251) 8618119

www.lat-indonesia.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Last modified: 25-Jan-2019