Why digital receipts are your best friend
As a business owner, keeping track of receipts can feel like a never-ending battle. Traditional paper receipts often fade, get crumpled or simply disappear when you need them the most. Fortunately, in the digital age, there's an easier way to stay organised and tax-ready – digital receipts.
Instead of stuffing receipts into a drawer, consider using receipt-tracking apps or even your accounting software’s built-in receipt capture feature. With these tools, you can snap pictures of your receipts on the go and they will automatically sync to your bookkeeping software, categorising and storing them digitally. Not only does this eliminate paper clutter, but it also makes it easier to locate a receipt when you need it for tax deductions or auditing purposes.
Why go digital?
No more fading: Unlike paper receipts, digital versions won’t fade over time, ensuring that you always have a legible record.
Instant access: Digital receipts are easily searchable, so you can quickly find any transaction in just a few clicks.
Better organisation: Keep all your receipts neatly stored in one place, linked to your financial records, and ready for your next BAS or tax return.
Eco-friendly: Cut down on paper waste and reduce clutter in your office space.
So, next time you're handed a receipt, skip the paper trail and snap a quick photo with your phone instead. Your future self—and your accountant—will thank you.
Are you already using digital receipts? If not, it’s never too late to start!
If you need advice or assistance, get in touch today, and follow us for more tips.
Disclaimer
This information is intended to be general in nature and is not personal financial advice. It does not take into account your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided in relation to your own circumstances.
