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Deposit tickets
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OntarioCanuck
Posted 9/29/2014 19:49 (#4099879 - in reply to #4099407)
Subject: RE: Deposit tickets


North of London
Your banking system may work differently but I have a deposit book with account number and our name preprinted on it which records all deposits with the banks stamp on the page left in the book so my receipt stays in the book.
When the book is full it is place in the file with my tax receipts for the month it ended and a new book starts.

If I was working with tickets like you have I would bring it home and attache it to the paper explanation for the income which I had deposited just as I attach all paper info together for each deposit.
These explanations for sales of grain or whatever are filed in a monthly file which is stored for at least 7 years.

So I do not understand why everyone does not keep that information for as long as you need in case of an audit from Income tax.

Good book keeping habits can make you money AND save you problems and trouble when something goes screwy in someone else's system or help you fix things in your own books when something goes bad in your system.
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