We have just started using Mums bank account as LPA attorneys and I'm not sure how much record keeping we need to do.
It is only bank transfers to repay us for purchases we've made on our own cards online or debit card transactions as we have our own cards for her account. These are mainly small amounts, less than £40, for food shopping or meals out - we try to ensure that mum has one decent meal a day and I encourage her to go to a cafe with me as I think it is important for her to get out of the house!
I keep a record of all these transactions so I can check the online bank statements but do I need to do this and if so, do I also need to keep the receipts?
Thanks
It is only bank transfers to repay us for purchases we've made on our own cards online or debit card transactions as we have our own cards for her account. These are mainly small amounts, less than £40, for food shopping or meals out - we try to ensure that mum has one decent meal a day and I encourage her to go to a cafe with me as I think it is important for her to get out of the house!
I keep a record of all these transactions so I can check the online bank statements but do I need to do this and if so, do I also need to keep the receipts?
Thanks