Hints for frugal record keeping

Do you have files already set up for keeping your receipts and tickets? Do you just throw them all in to one big box and then have to sort them out when it's time to prepare your tax return? I have two economical ideas to help you keep everything filed neatly and ready for your accountant or tax preparer.

System 1

You will need one 3 ring binder and 12 page protectors. With a magic marker, write the months of the year along with the year on the page protector or use index tabs with the month and year written on them. Each time you purchase something or receive payment for something during the month, put the receipt or ticket in the page protector. This will make it easier to total up your income and expenses for the month.

System 2

You will need 12 manilla folders. With a magic marker, write the months of the year along with the year. Each time you purchase something or receive payment for something during the month, put the receipt or ticket in the folder. This will make it easier to total up your income and expenses for the month.

I personally like the notebook and page protector system. It is easier to file the notebook. You can file it on a book shelf. It is neater than just throwing envelopes into a box. You can also file any spreadsheets that you work up in the binder along with the appropriate month.

If you have any questions on these systems, please let me know. I will be working on some excel spreadsheets that you can use to organize your expenses and income to go along with the receipts and tickets and will be uploading them to the website for you to download. Watch the blog for the notice that they are ready for you to download.

Christie Pegoda
info@sdvirtualassistant.com
SD Virtual Assistant
http://sdvirtualassistant.com
phone 501-205-4083
fax 888-243-0865