When bookkeeping expenses, is it acceptable to use bank statements in place of missing receipts?
January 23, 2010 - 9:49 am
I’m doing my company accounts for 2009 and seem to have a few missing receipts for certain expenses, so I was wondering if I could use bank statements instead?
The bank statement will tell you how much the amount was, but it won’t tell you what it was for. If you have the cancelled check, it will tell you who was paid and you could probably surmise what the expense was for, but an actual receipt or invoice is preferable.
January 23rd, 2010 at 2:54 pm
The bank statement will tell you how much the amount was, but it won’t tell you what it was for. If you have the cancelled check, it will tell you who was paid and you could probably surmise what the expense was for, but an actual receipt or invoice is preferable.
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