Everyone is familiar with the question, ‘Would you like a receipt?” when making a transaction. While it can be tempting to decline and so free up your wallet or purse from all those little bits of paper, when it comes to business expenses, keeping receipts is crucial for all kinds of reasons. From tax returns to employee expenses, receipts are important pieces of evidence to help you keep track of business spending and to deal with it appropriately.
Receipt can, however, become overwhelming if left to pile up, or are not filed and recorded properly. Here are five failsafe ways to help your small business stay on top of its receipt recording.
