Sum & Substance

Maintaining receipts to keep ATO and yourself smiling

As business owners or Individual tax payers we all need to keep record of the reciepts, which most of the time stay in the wallet or in the car.

To make sure you do not lose the record of these receipts there are some amazing apps.A few clicks in the system makes sure you are compliant by saving all the reciepts for 7 years.

To find out more about ATO requirements please click http://www.ato.gov.au/Individuals/Income-and-deductions/Records-you-need-to-keep/

To speed up entering the reciepts there are some amazing platforms available. Most of them even integarte to your accounting system. A few clicks in the system makes sure you are compliant by saving all the reciepts for 7 years. In addition to that those few clicks will also ensure that it gets recorded and saved into your accounting software.

Reciept Bank, Entryless and Shoeboxed are some great systems that can support this to name a few.

To find out more about these products or to help you decide what is best for your business please feel free to contact us at info@sumsubstance.com.au or please fill your information here http://www.sumsubstance.com.au/contact for us to contact you. We can also provide training and set up for these add ons.

 

 

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