Accounting logs might need to be kept up to seven (in some cases 10) years, so the data related to them should be kept. The data is sort of field based and some might need to be able to be forgotten earlier.
This doesn’t make this a good analogy though. The GDPR does not prohibit storing private data, it just requires explicit and informed consent. It does not require deletion of data that is required to conduct a transaction, such a receipts, order data or adresses required to fulfil an order. It doesn’t impact storage of data required for law enforcement or any other reason that is mandated by law. It just doesn’t allow unconsentual tracking and accumulation of private data.
It gets even worse with it's extraterritoriality, because you can still be under it if your dealing with a person who lies that they are an EU citizen and they are using your service in your own non EU country as a resident of the non EU country. It's like data FATCA.
And there are other loopy catch 22 ambiguities, like if you want to delete someone from your audit log, do you delete their personal info (which is fairly expansive definition under GDPR) from the audit log too? Then how can you show you deleted the person's info if they are also deleted from your audit log?
Read this to see more from the small company side and how much of a mess it is:
https://www.brentozar.com/archive/2017/12/gdpr-stopped-selli...
Think of this theoretical situation. If your an EU citizen vacationing in a developing nation who has a medical emergency, could that hospital just decide to reject you because the hassle & cost of dealing with GDPR is too great? Remember, it's a developing nation, they can choose to just refuse service to you.
Kind of like how a lot of americans get rejected by non US banks because dealing with FATCA is just too much of a pain ass today?
> https://www.brentozar.com/archive/2017/12/gdpr-stopped-selli...
I read his post, and wonder if the 'attorneys' he consulted are specialists in EU law, or were his standard ones. There's a lot of FUD around GDPR but the guidance is getting better, and people assume it's being 'policed' when the UK's body (the ICO) is more about guiding into best practices than punishment.
The comments (esp around medical records) suggest ignorance of how it's working.
Source: reading the GDPR and accompanying notes from the ICO; discussions with a large company's GDPR advisor, who was involved in drafting the legislation.
Disclaimer: this is not legal advice, I am not a lawyer, and you are an idiot if you act on anything I say.
Phew, crisis averted!