22 June 2011

Keep Receipts Organized

Tax time is fast approaching and the need to gather receipts, credit card and bank statements is here. This may not get you organized for this tax year, but start now so next year will be easy.

Keep Receipts Organized
An easy way to keep the hundreds of receipts in order every year is to have a file for each credit card, bank account, cash, etc. File the receipts for purchases, statements, etc., in that particular file. When you need to go back and retrieve receipts to return an item or to claim a repair under warranty you'll be able to find it immediately. You may not always remember what month you purchased an item but you can usually remember how you paid for it. At the end of the year, put all the statements, receipts, etc., for each account in its own manila envelope and label it for the year. Makes retrieving and organizing receipts much easier than keeping them in a box somewhere. It also makes getting ready for taxes a little less stressful.
Contributed by Sharon D.

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