If the bank feed is already connected, do receipts still need to be uploaded separately?

Yes, the bank feed only brings in the transaction line.

It does not replace the underlying proof of transaction document, which still needs to be submitted to justify the expense.

For GST-registered clients, we will not put through a GST claim for that expense.

If the transaction is not justifiable with proper supporting doc, expenses will not be treated as 'tax deductible' as well. For what constitutes as 'tax deductible', you may refer to Running My Business > Managing my Taxes > Frequently Asked Quesions


How did we do?