Are you starting to become buried in the amount of receipts you’ve got? Short of building a fort with them (which sounds awesome and you should seriously consider doing it!) there is an alternative. You can upload your receipts, take a picture or scan them in to create a digital copy enabling you to bin those receipts that are threatening to take over and make you join them in some sort of receipt cult! The only receipts that you have to keep in their original form are ones that show tax that isn’t VAT – for example, bank interest certificates, or dividend vouchers.
Let’s take a look at the different ways you can save your receipts depending on what software programme you’re using:
Xero
QuickBooks
Apps
There are a number of different apps that you can also use to upload your receipts. Some are cleverer than others and you will need to do your research to see if it’s what you’re looking for but here are some suggestions below:
Now you know different ways you can store your receipts digitally you can shred all of those pesky receipts. Here are some suggestions for alternative uses for them: packing materials, make papier mache, use it as stuffing for a scarecrow, turn it into new paper, make a kneeling pad for the garden and use it for the stuffing. Let me know if you think of anymore!
Ell Evan Bookkeeping are not Tax Advisors and so our advice and suggestions on the application of tax rules cannot be construed as tax advice.