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SMSF - Invoices Lost

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Beni050385, 21st Jan, 2014.

  1. Beni050385

    Beni050385 Member

    Joined:
    5th Feb, 2012
    Posts:
    21
    Location:
    Shepparton & Melbourne
    Hey Guys,

    I have a SMSF and unfortunately have misplaced some of my invoices when we have moved office and house.

    What are required and can self kept records suffice in the SMSF Audit?

    Thanks.
     
  2. redwood

    redwood Member

    Joined:
    9th Nov, 2013
    Posts:
    14
    Location:
    Melbourne
    Depends on how material they are Beni, if they are large amounts (more than 5-10% of the fund value), your auditor may request them. They should still appear on the bank statement though, so you could go back to the supplier and have them resent which should not be a drama at all.

    Cheers, Ivan
     
  3. Beni050385

    Beni050385 Member

    Joined:
    5th Feb, 2012
    Posts:
    21
    Location:
    Shepparton & Melbourne
    Thanks Redwood,

    And just curious are Apple invoices acceptable? I have subscribed to a couple of investment magazines however they are in App purchases and not sure if these are acceptable?
     
  4. redwood

    redwood Member

    Joined:
    9th Nov, 2013
    Posts:
    14
    Location:
    Melbourne
    Depends on your investment strategy buddy.....needs to relate to investments.