I paid for supper with my credit card and I need to expense it.!

Nobody likes walking around with loose receipts everywhere.  They get lost in pockets, stuck in the washing machine or thrown away.  Unfortunately, that's the cost of doing business friend!  Good receipt keeping can save you hundreds, maybe thousands AND gives you extra tax benefits.

"What do I need for a receipt when expensing if I paid for supper with my credit card and I need to expense it?"

If you pay with a credit card, you must also get the till receipt.  The credit card slip may not have taxes, tip amounts, amount of the bill etc. 

Stapling them together or getting the vendor to staple the till receipt to the credit card receipt at the restaurant or store leaves one less piece of loose paper you have to find and submit.

And: don't forget to write the purpose and even the people who you took out for supper!  Something like "Sales Meeting with Jane Doe", "Sales Meeting with Potential Client Carl Johnson", "Team Building Seminar: JD and CJ", "Travel Expense for trip to Montreal".

The more information you can provide, the better. 

One more thing:  if you don't submit proper receipts, you could also be missing out on hundred of dollars in tax credits!  Money is tight these days no sense wasting it!

If you have a question or topic you would like us to post, please feel free to email us at: admin@bridgecitybookkeeping.ca!

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Bridge City Bookkeeping
www.bridgecitybookkeeping.ca