Page 60 - Keeping Business Records

Record of Payment Methods

• Date the transfer
• Amount was posted to
transferred account by
financial
• Payee’s
name institution
Electronic
• Check funds transfer
number
02 • Amount
Charged
• Amount
Credit
Check Card • Payee’s
• Payee’s 01 03 name
name
• Transaction
• Date the check date
amount was Acceptable account
posted to the statements by IRS
account

What if I don't have a canceled check?

If you do not have a canceled check, you may be able to prove payment with certain
financial account statements prepared by financial institutions. These include account
statements prepared for the financial institution by a third party. These account
statements must be highly legible. 58