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28 July 2022

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?

8,179 views
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8,179 views
1 replies

Most helpful response

Most helpful replyATO Certified Response

AnitaATO(Community Support)Community Support
ATO Certified Response29 July 2022

Hi @mangiareplus,


When keeping and managing the records for your business it can either be by manual copy or by digital copy. Whichever is best for your business and the structure of your business. You may want to keep both digital and manual copies for easy reconciliation of all your sales. Whether you do this weekly, fortnightly, or monthly. They will still need to be kept for the 5-year period and stored in a safe and secure place.


You can read more about record keeping for your business on our website.

All replies

Most helpful replyATO Certified Response

AnitaATO(Community Support)Community Support
ATO Certified Response29 July 2022

Hi @mangiareplus,


When keeping and managing the records for your business it can either be by manual copy or by digital copy. Whichever is best for your business and the structure of your business. You may want to keep both digital and manual copies for easy reconciliation of all your sales. Whether you do this weekly, fortnightly, or monthly. They will still need to be kept for the 5-year period and stored in a safe and secure place.


You can read more about record keeping for your business on our website.

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Record Keeping of EFTPOS receipts and End of Day POS Reports | ATO Community