Should i give both invoices and receipts to auditor ?

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152 Points Posted on 25 May 2021

Should i  give both invoices and receipts to auditor ? I get foreign income, and there is few days delay between invoices and receipts.

Or are receipts enough ? Invoice will contain, say, amount of 7000 usd. But it is receipt that will mention international money transfer fee, and the net .

Thanks :)

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On 25 May 2021 at 16:33 Report
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Quick Summary
When dealing with an auditor, it's generally best practice to provide both invoices and receipts. While receipts show the net amount and fees, invoices detail the gross amount. Providing both is often a legal requirement and ensures the auditor has a complete picture of your financial transactions, especially when there's a time delay between issuing an invoice and receiving payment.

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Chartered Accountant
16188 Points Posted on 25 May 2021
Both Invoices and receipts should be given
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On 25 May 2021 at 17:01
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1359 Points Posted on 30 May 2021

You are required to provide both.

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On 30 May 2021 at 08:36
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152 Points Posted on 30 May 2021

Why i should i give invoices when receipts clearly mention gross and net of sale ? Thanks  :) Just some doubts.

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On 30 May 2021 at 08:58
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Chartered Accountant
16188 Points Posted on 30 May 2021
It is mandatory in law
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On 30 May 2021 at 10:20
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1359 Points Posted on 30 May 2021
May I know what kind work is going on with the auditor,? if audit is going on, then if auditor demands then you have provide the documents,
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On 30 May 2021 at 11:02
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Chartered Accountant
16188 Points Posted on 30 May 2021
In case of audit both the invoices and receipts should be produced to the auditors it is mandatory in course of audit objectives
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On 30 May 2021 at 12:33

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