19/10/2026
β5 business expenses you should be keeping proper records forβ
Weβd love to tell you that you only need to keep proper records for only 5 expensesβ¦ but the truth is, you should be keeping proper records of ALL your business expenses. π
Good record-keeping helps you:
β’ Support your tax deductions
β’ Keep accurate accounting records
β’ Track where your money is going
β’ Prepare for SARS queries or audits
Remember: A bank statement showing that money was paid is not always enough on its own. Keep the underlying invoice, receipt or other supporting documentation.
Your business expenses tell the story of your business β make sure you can prove that story