Tositteilla

Tositteilla is a Finnish term that translates to "with receipts" or "with supporting documents." It is primarily used in accounting and financial contexts to refer to the practice of retaining and presenting documentation that substantiates financial transactions. This documentation can include invoices, bills, payment confirmations, bank statements, and any other relevant paperwork that proves a transaction occurred and its details.

In Finland, the legal requirement to keep receipts is part of maintaining accurate financial records and complying with tax regulations. Businesses and individuals are expected to be able to provide evidence of their income and expenses. This not only aids in tax audits but also helps in managing finances effectively, tracking spending, and resolving any discrepancies.

The concept of "tositteilla" emphasizes transparency and accountability in financial matters. When a transaction is conducted "tositteilla," it means there is a verifiable record of it. This practice is fundamental to sound financial management, both for personal budgets and for the operation of companies. It ensures that all financial activities are properly accounted for and can be reviewed if necessary. The term highlights the importance of tangible proof in financial dealings.