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Web receivers are not needed for person invoices significantly less than $five,000 except for furniture and carpeting. Furnishings and carpeting purchases, regardless of the amount, must be recorded in the web receiver system. You may opt for any recordkeeping program suited to your business that clearly shows your earnings and expenses. The enterprise you are in affects the kind of records you need to have to hold for federal tax purposes. Your recordkeeping program must incorporate a summary of your business transactions. This summary is ordinarily created in your business books . For much more facts, see 11 CFR 102.eight,...