Subscribe to Answers
Scan and email it to myself whenever possible.
I use Quicken and categorize the entries. As for the actual receipts they go into a file folder hopefully never to be seen again.
I usually scan them and email it to myself. Plus they are in my credit care statements.
I don't need to.
Suzanne handles that
Get a scanner and scane each receipt file them digitally. At tax time
give the CPA a thumb drive. In my case they have been added together....
Richard, I record orginal business receipts by deduction category and then place them in an evelope in a file. I save the original receipts with the folders for 10 years.
Great comments about your methods of organizing business receipts. You are all so prepared for filing the tax returns:)
I have 12-15 labeled hanging file folders in a file cabinet. I move these to a tote every year end. Check out neat receipts and also the Fujitsu scanner for scanning receipts. Also, the app scannable is interesting as an Evernote product.
Hardcopy receipts go into my paper file, emailed or electronic receipts get "printed" to my OneNote file and then monthly, everyone along with my bank statements get reconciled on my Excel spreadsheet. I scan my paper receipts into PDFs and then toss them once scanned, so I only end up with electronic files and no shoeboxes or massive file folders!
I take it you are working on your taxes? :-)
I use a file folder. It's simple and it works for me.
File folders for me or a file drawer. Most are on cummulative statements and easy to track but I keep the receipts to cover my trail.
I store Real Estate reeipts in file folders, according to the months.
Ihave a file with compartments and they get stored in there AFTER they are logged.
Zip Lock baggie for each month. Easier to sort for me.. I know, Old school and Ive done this way for 20 yrs ! LOL
I keep them in an accordian file and my engineer husband puts them in Neat File.
Richard, I used to keep them all in what box I could find at the beginning of the year. Now days 100% scan. I keep in different file on the cloud for back up.
Whenever I can get e-receipts I do, and I take a photo of paper receipts and store that in my cloud Tax Receipts file.
Receipts go straight to my husband's desk. He is brilliantly organized and takes excellent care of this kind of stuff.
I put the loose store receipts in a drawer and sort them out every few months. I do keep them as a backup to my online records.
I keep mine in a file folder.
I keep mine in a folder for each month, and weekly put all my expenses, and income, in my P and L spreadsheet
American Express does that for me.