Five ways to stop losing business receipts

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The easiest receipt system is the one you use while the purchase is still fresh. If receipts sit in a vehicle, toolbox, email inbox or wallet until the end of the quarter, they are already at risk.

Start by choosing one capture point. Take a photo before leaving the supplier, forward email receipts to the same place, and add a short note if the purchase relates to a job, vehicle, client or warranty.

The goal is not perfect admin. The goal is to reduce the number of missing records when you need to review expenses, prepare BAS records or answer a question from your bookkeeper.

basmate does not provide tax, accounting or financial advice. Always review records and speak with a qualified adviser about your own circumstances.