Receipts

[kristinutem]

hello, i was shopping in ikea and i bought furniture, toys, bedding, mugs bowls, so it is quit long receipt, do i need write down all items separeted or just total amount? as everything are for cm business, hope anyone can advice me,thanks in advance.

[bunyip]

As long as you retain the receipt with your accounts for the year, I think you can enter it pretty much how you like in your accounts book.

In the unlikely event of HMRC deciding to audit your accounts, they are even less likely to inspect an IKEA receipt for two very good reasons:-

1. A single receipt will not amount to a whole hill of beans in the bigger picture of HMRC's processes. (You're hardly making the turnover of ICI nor ferreting large sums away in the Cayman Islands.)
2. IKEA receipts are virtually indecipherable, unless HMRC employ Swedish translators. They only list their own product names, not descriptions. SO instead of saying "bibs pack", "cuddly elephant" or "storage box", they use a seemingly random selection of K's, S's, V's and the odd vowel with a little circle over it.

No offence to any Swedes reading this, but it's all Greek to me. When I hear "swede" I just hear a root veg I grow on my allotment.