Documenting cash transactions

[Sam M.]

Dear BP members,

I have renovating a couple of houses and I like to hire cheap labor and buy stuff at swap meets. I pay less when I hire college students or family members and when I buy sinks and cabinets and other materials at the yard sales and swap meets. However, for those types of transactions I have no receipts and I always need to pay cash! I like to have proper records so that I can document expenses for tax purposes.

What do you guys do about this?

Thanks for your help in advance…

Sam