×
To use this feature, you need to log in to your account.
Don't have an account yet?
Create an account.
×
To use this feature, you need to log in to your account.
Don't have an account yet?
Create an account.
You can store and keep paper records digitally. The ATO accepts images of business paper records saved on a digital storage device, provided the digital copies are true and clear reproductions of the original paper records and meet the 5 rules for record-keeping.
Once you’ve saved an image of your original paper records, you don’t have to keep the paper versions.
Creating a digital version of paper EFTPOS merchant receipts is a good practice as the details on some of these can fade over time.
Last modified: 08 Jun 2023
Record keeping
Steps | Progress | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Record keeping overview |
10 mins | |||||||||||||
Tasks and tips |
6 mins | |||||||||||||
Starting your business records |
2 mins | |||||||||||||
Digital record keeping |
5 mins | |||||||||||||
Manual or paper record keeping |
2 mins | |||||||||||||
Banking records |
2 mins | |||||||||||||
|
||||||||||||||
Income records |
3 mins | |||||||||||||
Accounting for private use of assets |
9 mins | |||||||||||||
Motor vehicle deductions records |
2 mins | |||||||||||||
Home-based business deductions records |
1 mins | |||||||||||||
Other deductions records |
1 mins | |||||||||||||
Stock and asset records |
5 mins | |||||||||||||
GST records |
1 mins | |||||||||||||
Employee records |
7 mins | |||||||||||||
Car fringe benefits records |
1 mins | |||||||||||||
Expense payment FBT records |
2 mins | |||||||||||||
Contractor records |
2 mins | |||||||||||||
Sharing economy records |
1 mins | |||||||||||||
Cryptocurrency records |
1 mins | |||||||||||||
Records for other taxes |
5 mins | |||||||||||||
Sole trader structure records |
4 mins | |||||||||||||
Partnership structure records |
3 mins | |||||||||||||
Company structure records |
3 mins | |||||||||||||
Trust structure records |
1 mins | |||||||||||||
Changing your business structure records |
1 mins | |||||||||||||
Selling or closing your business records |
2 mins | |||||||||||||
Related courses |
1 mins | |||||||||||||
Course Feedback |
||||||||||||||