Do you keep receipts for MS?
Jan 23, 2015 | 3:32 pm
#1
Original Poster
Join Date: Aug 2014
Posts: 61
Do you keep receipts for MS?
Just wondering if there's any reason to keep the receipts for my manufacture spend purchases?
I have a box full of receipts and used Visa/MC gift cards. Am I crazy to keep them? Obviously, I'm not going to keep them forever, but if there is a legit reason to keep them, how long should I keep them for?
Thanks for any input.
I have a box full of receipts and used Visa/MC gift cards. Am I crazy to keep them? Obviously, I'm not going to keep them forever, but if there is a legit reason to keep them, how long should I keep them for?
Thanks for any input.
Jan 23, 2015 | 5:01 pm
#5
Join Date: Oct 2014
Programs: All of them
Posts: 1,717
I scan receipt for everything, from GC or reload pack purchase to top-up of a BB or RB and Money Orders.....and keep a spreadsheet of which day I do what transactions. It doesn't take much time but would eliminate a lot of headache if IRS or another government entity started asking questions.
Jan 23, 2015 | 6:48 pm
#6
Join Date: Aug 2014
Posts: 282
I keep everything, but it is getting overwhelming. Receipts and cards everywhere. Need time to organize.
Eventually, I plan on checking all the balances to make sure that they have been unloaded.
Yup, I started doing the Excel tracking too.
Eventually, I plan on checking all the balances to make sure that they have been unloaded.
I scan receipt for everything, from GC or reload pack purchase to top-up of a BB or RB and Money Orders.....and keep a spreadsheet of which day I do what transactions. It doesn't take much time but would eliminate a lot of headache if IRS or another government entity started asking questions.
Jan 23, 2015 | 8:52 pm
#10
Join Date: Aug 2013
Posts: 164
I scan all receipts and shred. Cards are kept for a period of time in case there are issues. I send cards to be shredded via industrial shredding service once annually. Personally, I don't want a busted trash bag to give anyone an idea of what's sitting inside my house on an average night.
Jan 23, 2015 | 8:55 pm
#11
Join Date: Dec 2014
Location: VA
Posts: 147
I don't kept receipts once I've verified that the transactions or loads went through. I do keep a detailed spreadsheet of all my MS transactions. I figure if I ever got an audit or questioning, I have all GC's used and dates and places detailed so there should be no other proof needed.
Jan 23, 2015 | 8:59 pm
#13
Original Poster
Join Date: Aug 2014
Posts: 61
Do you mind sharing a template or sample section of your excel spreadsheet? I'm curious to see.
Jan 23, 2015 | 9:15 pm
#14
Join Date: Dec 2014
Location: VA
Posts: 147
Jan 23, 2015 | 9:27 pm
#15
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 30,343
Just by the questions you ask, it seems you need to learn something about record keeping and the importance of it, as well as how MS could be viewed by IRS and other government agencies. In order to prove one's innocence, (as separated from other shady characters who are doing the same activities), documentation is needed to provide proof why one could run thru $$$$$$ thru various cards and bank accounts...