Posts Tagged ‘lemar’

Lemar: Receipt, Receipt, Receipt

Posted by admin on Tuesday, November 8, 2022

Meaning of Lemar Money Quote: saying cash is simple and preferred by many, but cards simplify receipt collection. Lemar said:
 
certain cards you get the full lists which you can then pass on to your accountant so you don't have to do the whole receipt, receipt, receipt thing as it's all itemized Quote
 

“I used to prefer cash but I’m more and more drawn to cards because with certain cards you get the full lists which you can then pass on to your accountant so you don’t have to do the whole receipt, receipt, receipt thing as it’s all itemised” — Lemar

 

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In this quote, Lemar is explaining his preference for using credit/debit cards over cash when making purchases. The best interpretation is that he finds cards more convenient for tax and accounting purposes because certain cards provide digital itemized lists of all expenditures.

This eliminates the need to manually collect and organize physical receipts (“the whole receipt, receipt, receipt thing”), as the full transaction history is easily accessible.

Lemar suggests cards streamline the process of reporting expenses to an accountant for tax filings. The quote indicates he appreciates how cards can digitally track and categorize spending, saving time and effort at tax time compared to relying solely on receipts when cash is used.

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