Hi Folks, I started a sole proprietorship in the US in 1997. Based on my best understanding of advice I got back then, I've always kept/stored paper financial statements, cash receipts, etc. in case a taxing entity audits me.
If any of you in the US has been audited recently, and don't mind writing about it, did they require everything be printed on paper for them to look at? Did they require everything be the originally printed paper item issued by the financial institution or actual receipt from the vendor, etc.? I'd really like to switch to digital storage of things (paperless as the FI's like to promote to me, nearly to the point of harassment), and I suppose I could print stored documents, whether PDF from the financial institution's web site or scanned invoice or receipt from a vendor, if required, when and if I ever actually get audited. Digital storage would allow me to reference various items directly from transactions in GnuCash, which would be very handy. You're thoughts are appreciated. Kind regards, Greg Feneis _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
