Forum Moderators: LifeinAsia

Message Too Old, No Replies

What records to keep to support Paypal expenses

         

arikgub

1:42 pm on Oct 20, 2007 (gmt 0)

10+ Year Member



I buy a lot of advertising and reviews from bloggers using my business Paypal account. These are all deductible expenses of course, but I wonder if I have enough supporting documentation for them. Bloggers do not issue invoices or receipts, the only documentation I have is a Paypal account statement.

Is it sufficient? What records do you keep to support your Paypal expenses?

Thanks,
arikgub

vincevincevince

1:58 pm on Oct 20, 2007 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



It is possible (and easy) for them to send you a 'request' through paypal's interface. I don't know but I suggest that a 'request' would be better paperwork than just sending money straight-off. On the other hand, you must have records of the blogger requesting the payment or agreeing to it?