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small business accounting

I am a new small business owner.

Do I need to keep canceled checks with invoices? I usually pay online and don't have canceled checks. Or if I used credit card, do I need to keep credit card statements with invoices? I DO keep all invoices and receipts. Just curious whether I have to keep canceled checks. I rather not keep them since I have invoices and receipts. thanks

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Reply to
Jenny
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More evidence is better if you get audited. For online payments, print out the page that invariably appears saying something like "Print this page for your records."

Reply to
Bill Brown

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