Originally posted by adubya
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Receipts and Freeagent - what's your workflow?
Collapse
X
-
-
pocket the receipts, bundle them all into a lever arch. Job done.
Bank feed takes care of the accounting.
This is MVP.
Why spend hours photographing and cataloging them? Life is too short.
If need be the evidence is there and can be shown with a bit more effort if and when the time ever comes.
This is JIT.
I'm such a great contractor I'm even applying the latest greatest methodologies to my expenses ...which reminds me i really must up my rateComment
-
Originally posted by adubya View PostI used to scan the receipt on my phone, upload to google drive in yyyy/mm folder (for long term storage) then attach image to freeagent submission. Chucked paper receipt.
It’s overkill but I scan virtually all paperwork to one drive, and then store the paperwork in date order.
Means I always have a pdf of the paperwork available on my phone /iPad.Comment
-
I take a picture of my receipts on the FreeAgent app as soon as I get them. Icant imagine why you'd do anything else if you want a sane life.Comment
-
Originally posted by l35kee View PostI take a picture of my receipts on the FreeAgent app as soon as I get them. Icant imagine why you'd do anything else if you want a sane life.
I try to do this, but often just shove the receipt in my wallet. So spend about 10 mins every couple of weeks catching up. Usually in the pub or while waiting for dinner when working away, so it's not like its extra time wasted.Comment
-
Originally posted by northernladuk View PostI don't understand the creating digital copies idea. It just adds more work IMO. Every other week I staple mine together, tot up the totals, write them on the top of the pile and enter them in to FA. Generally only food and tram, maybe consumables. Needs two or three entries into FA and file the pile in a file.
Takes minutes. I'm happy to keep the filing time to a minimum and spend the time digging them out if/when required. No point spending time dotting the i's for something I haven't had to do in 10 years.Comment
-
Originally posted by vwdan View PostIt's clutter, and lots of receipts fade. PLus they'd get lost in the event of a fire or flood.Comment
-
Originally posted by JRCT View PostWhat if there was a fire AND a flood?Comment
-
Originally posted by JRCT View PostWhat if there was a fire AND a flood?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
So, the daily £7 from Tesco for lunch, 3 coffees at £2 each, and a tube ticket, do I need to keep the receipts?
FA seems to recognize them these days, what I do is I keep one receipt at every five transactions, just to prove that it's for meals while at work..
For pub meals that tend to be on the £15-20, I try to put them all in FA though.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment