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Reasons why people should keep their receipts, by bookkeepers for small businesses in Sydney

When most people go out buying stuff either for work or for their personal use, majority of the time they either throw the receipt or just don’t grab one. Our bookkeepers for small businesses in Sydney will tell you why you should be keeping those receipts.

Here are some reasons for you to keep receipts:

• It is a valid proof for warranties – when purchasing any sort of equipment, you need to keep your receipts incase of faulty products and or built in warranties that most people don’t know about
• Proof of major expenses – having proof of these kings of expenses when it comes to tax time will help when filing your tax and can also benefit you with some deductions as well
• Exchanging products – receipts are essential when wanting to or needing to exchange any product
• Tax – receipts are what allows for you to gain tax deductions and tax refunds at the end of every financial year

Don’t forget to always keep your receipts and then let our small business bookkeepers in Sydney handle the rest!

Contact us today and get your accounts sorted out.