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Retention of Expense Documentation with LCR

Posted: Sun Aug 11, 2019 10:02 am
by briancv
This may have been answered elsewhere, but I looked and did not find it.

I am trying to get my ward migrated away from MLS to make life easier. But, here is my question: if I enter an expense in LCR and attach receipts (which get approved), do I need to also file away the paper receipts as well or are the uploaded expense receipts enough?

Also, second question, when I go through the LCr check printing process, there is an expense summary but it does not call for a signature like the MLS report does. Do we need to print and have those signed as well?

Re: Retention of Expense Documentation with LCR

Posted: Sun Aug 11, 2019 10:19 am
by russellhltn
briancv wrote:if I enter an expense in LCR and attach receipts (which get approved), do I need to also file away the paper receipts as well or are the uploaded expense receipts enough?

I don't know if it's been made clear yet. However, even if you're not required to maintain the paperwork, I'd be cautious about discarding it too quickly in case something important on the scan isn't legible.

Re: Retention of Expense Documentation with LCR

Posted: Sun Aug 11, 2019 7:37 pm
by jdlessley
briancv wrote:Also, second question, when I go through the LCr check printing process, there is an expense summary but it does not call for a signature like the MLS report does. Do we need to print and have those signed as well?

No. The signature is the e-signature when the bishop approves the reimbursement request in LCR Finance at the bishop approval. You would be safe to save that expense summary with the check stub(s) until there is further instruction from church headquarters or from your audit committee chairman.