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For accounting purposes the bank receipt will rarely have the details needed for tax (eg in Australia that don't include the ABN).
by nl 4y ago
For accounting purposes the bank receipt will rarely have the details needed for tax (eg in Australia that don't include the ABN).
- chillfox 4y agoThe vast majority of the things I buy don't need receipts to be kept and reported for tax. It's personal stuff like a streaming subscription, a book or a game. And the times I have tried to claim expenses as work related (in Australia) that I bought online I have run into the problem that the receipt provided by the company is ambiguous (not sufficient by itself) because amounts were just specified with a $ symbol instead of USD/AUD.
- nl 4y ago> have run into the problem that the receipt provided by the company is ambiguous (not sufficient by itself) because amounts were just specified with a $ symbol instead of USD/AUD Claiming expenses is different to tax requirements. With tax you need the receipt as a record, but the general ledger actually records the amount in whatever currency you use. For expense claims every company does it differently.
- chillfox 4y agoI mean, the few times I have handed a receipt to an accountant to do my tax they have asked me what currency it's in and I have had to go to the bank records to answer that. Anyway, it's besides the point. The point is that online stores should ask, a tick box would do, as the majority of the time I don't want the receipt and don't need it for anything at all.