Have you ever noticed that those original receipts you saved for your business records a few years ago have faded to illegibility? If the IRS comes to audit, they won't be happy with a blank receipt. It is your
responsibility to make sure your records are readable.
It is still pretty common to believe that you need to keep every paper original, but as Ben Rucker explains in the video at top right, the IRS is just as happy with an electronic record. He would know. He spent seven years doing audits for the IRS.
Saving your receipts by scanning and filing them on your computer has other advantages, like being able to type the amount or vendor
into a search and come up with it in much less time than searching for a specific faded paper receipt in some envelope in a file cabinet. The easier you make things for the auditor, the smaller the scope of the audit. That translates to less stress for you and less time you might have to pay an accountant.
