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Updated over 7 years ago,

User Stats

28
Posts
6
Votes
David Jiang
  • Investor
  • Santa Clara, CA
6
Votes |
28
Posts

How to document cash payments to contractors?

David Jiang
  • Investor
  • Santa Clara, CA
Posted
What would be sufficient proof that a cash payment I make to a contractor is an expense for a project? I always have trouble with this as I do a lot of flips and have a few people who moonlight for me on their weekends and prefer a cash payment. Is the cash withdrawal showing up in my bank account enough proof or do I need some kind of receipt or invoice from the person I'm paying?

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