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Because that will help you keep track of your spending for the month, allowing you to save money instead of being in debt.

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βˆ™ 14y ago
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Q: What are two reasons to keep your receipts every month?
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What are the duties of a financial secretary?

It is their duty to keep track of all the finances of the business. They should keep all receipts and write down every transaction.


Receipts for tax deductions?

Yes, you should keep them. Always assume that you're going to be audited and have to prove every item.


If I travel for my job, should I keep receipts?

Yes, you should keep your receipts whether you travel for you job or not. However, when you keep them, you can prove that you have accumulated frequent flyer models.


How long should you keep Store receipts?

UsualyI keep them for a yeari


How long should one keep receipts for tax purposes?

The receipts for tax purposes should be kept according to importance. If the receipts are for important business expenses or tax deductions it is advisable to keep them for at least seven years after the taxes are filed.


What records do you need to keep?

Easy! How much money you make every month!


Why should cash receipts be deposits on the day of receipt?

Cash receipts help keep track of the money taken in by a business for the day. These receipts can be matched with the deposit to ensure that the numbers are correct.


Do you need to keep receipts when using a business charge card?

It is a very good idea to keep receipts when using a business charge card. You need to be able to justify all of your purchases made on a company card, and keeping receipts is a great way to ensure you can do this.


Compile the credit card receipts What should you do to the receipts?

You should keep them and match them with what you bought. After they match up you can throw them away if you wish.


How long should you keep credit card receipts?

Credit card receipts should be kept until you receive your statement and can verify the amount on the statement matches the receipt. If you need receipts for tax purposes then you will need to keep those with your tax information. If you make a big purchase on a credit card, like a dryer or washer, you sould keep those receipts until the warrenty period has expired.


When you files taxes how long do you have to keep receipts and other proof for the IRS?

In terms of the IRS, generally you should keep them for three years from the date that you filed the return (the IRS can only audit you during the three year period following the filing of the return). However, there may be other legal reasons to keep them longer....


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