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July 23, 2023
Question

Can I discard the physical receipt after adding it to quickbooks? Or do I still need to keep it in my records?

  • July 23, 2023
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1 reply

July 23, 2023

I'm glad to have you here in QuickBooks Community, Kate. I'll share insights on the importance of the physical receipts in your records. Let me also pointed you to the right person to assist you further.

 

Yes, you should keep the physical receipt after adding it to QuickBooks. This is because receipts are proof of your business expenses. They're a lifesaver if you're audited or asked to present documentation. The said transaction, along with bills and canceled checks, provides insight into your business history.

 

On the other hand, please know that you can manually upload the image of your receipts in QuickBooks. This lets you keep everything in one place, add notes, and retrieve receipts quickly. You can open this article if you haven't performed the process: Manually upload your transactions, receipts, and bills into QuickBooks Online.

 

Lastly, you may open this article if you need help running a report reflecting all payments made to suppliers: Run a report with supplier totals.

 

Let me know if there's anything else you need about managing receipts, Kate. I'll be around to help. Have a good one.