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Reasons to save your receipts, by your small business accountants in Melbourne

Many business owners know the hassle and stress of attempting to save their receipts, but many owners don’t know why they should keep them and file their receipts often. Our small business accountants in Melbourne have some strong reasons as to why you should keep your receipts.

Business accounting in Melbourne can be quite tough especially during tax time, and trying to get your deductions and reimbursements are quite difficult without proper receipts. Here are our reasons as to why you should keep your receipts:

• For refunds
• Reimbursements
• Allows for you to do checks against your credit card
• Get tax deductions
• You can price match with receipts
• Save it for all your warranties
• Shows proof of purchase for services, especially if it was not fixed
• Allows for you to keep track of your budget
• Helps you to set up a flexible spending account

Something as simple as collecting your receipts can let you do all these wonderful things, that’s why our accountants for small businesses in Melbourne recommend you to save those small bits of paper!

Always remember that you are more than welcome to contact our small business accountants in Melbourne with any enquiries you have about your accounts.

 
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