Hi,
I have moved to an online POS for our cafe business, meaning that I can now access my end of day reports at any time off an online system as it relates to the sales in our cafe.
My question is with regards to record keeping. Until now I have kept every end of day cash register report, stapled to all the individual EFTPOS receipts for the sales transactions (which as a cafe can add up quite a lot).
Do I need to keep every single EFTPS receipt (customer sale) for 5 years for record keeping?
And do I need to keep the POS End of Day Reports for 5 years for record keeping in hard copy or is the online POS dashboard acceptable for use, in the event that they are required by the ATO?