Licensees are responsible to keep records that clearly reflect all financial transactions and the financial condition of the business.
(1) All industry members and retailers shall keep and maintain the following records on their premises for a three-year period and the records must be made available for inspection if requested by an employee of the liquor control board, or by a person appointed in writing by the board for the purposes of administering or enforcing any provisions of Title
66 RCW or Title 314 WAC:
(a) Purchase invoices and supporting documents, to include the items and/or services purchased, from whom the items were purchased, and the date of purchase;
(b) Bank statements and canceled checks for any accounts relating to the licensed business;
(c) Accounting and tax records related to the licensed business and each true party of interest in the liquor license;
(d) Records of all financial transactions related to the licensed business, including contracts and/or agreements for services performed or received that relate to the licensed business;
(e) Records of all items, services, and moneys' worth furnished to and received by a retailer and of all items, services, and moneys' worth provided to a retailer and purchased by a retailer at fair market value;
(f) Records of all industry member financial ownership or interests in a retailer and of all retailer financial ownership interests in an industry member; and
(g) Business entertainment records of industry members or their employees who provide either food, beverages, transportation, tickets or admission fees for or at athletic events or for other forms of entertainment to retail licensees and/or their employees.
[Statutory Authority: RCW
66.08.030 and
66.28.320. WSR 10-01-090, § 314-11-095, filed 12/16/09, effective 1/16/10. Statutory Authority: RCW
66.08.030,
66.28.100,
66.28.040,
66.28.090,
66.44.010,
66.44.070,
66.44.200,
66.44.270,
66.44.291,
66.44.292,
66.44.310,
66.44.316,
66.44.318,
66.44.340, and
66.44.350. WSR 02-11-054, § 314-11-095, filed 5/9/02, effective 6/9/02. Statutory Authority: RCW
66.08.030,
66.28.100,
66.28.040,
66.28.090,
66.44.010,
66.44.070,
66.44.200,
66.44.270,
66.44.291,
66.44.292,
66.44.310,
66.44.316,
66.44.318,
66.44.340,
66.44.350, and chapter
66.44 RCW. WSR 01-06-014, § 314-11-095, filed 2/26/01, effective 3/29/01.]