eTail West: The Virtual Summit & Expo for E-commerce & Omnichannel Innovators
The Virtual Summit & Expo for eCommerce & Omnichannel Innovators
According to a CPA Practice Advisor article, there are three types of records you should recommend your retail clients to keep in case of an audit: sales records, purchase records, and POS (point-of-sale) records.
"Clients who don’t adhere to state record keeping requirements run the risk of being penalized by auditors," the article states.
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