posted on October 26, 2005 02:57:44 AM
I have a ton of receipts for office supplies, postage, etc. How and where do you keep your receipts. How do you categorize?
I was keeping them in those receipt envelopes but running out of space.
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posted on October 26, 2005 04:30:08 AM
I do most everything on a credit card that is tracked on QuickBooks. I have never heard of auditors wanting to see every paper receipt in such a case.
posted on October 26, 2005 05:06:01 AM
I'm a little casual about receipts, after I record the amount I toss them in a box and then at the end of the year I seal the box, label it and stack it with the other years. I figure if they want to plow through the receipts it is their problem. I don't think they ever would but I am afraid to throw them away!
posted on October 26, 2005 06:12:20 AM
I do. I have every receipt for the past ten years in boxes in my barn.
I don't remember the exact number of years you're supposed to keep it all for auditing purposes (7, or maybe it really is 10?), so I just use ten years as a safety number
I figure if I'm every audited and carry in a dozen boxes of nine-year-old Office Depot receipts the guy is likely to believe my numbers are correct
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Quidquid Latine dictum sit altum sonatur.
[ edited by replaymedia on Oct 26, 2005 06:13 AM ]
posted on October 26, 2005 11:24:09 AM
I keep everything filed until I do my taxes,then I put it all in one evelope. Post office receipts I staple together for each month with a total for the month.
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Two men sit behind bars,one sees mud the other sees stars.
posted on October 26, 2005 05:08:47 PM
I throw them all in a box - I try to keep them by month, but it usually ends up being for the quarter. Not the best system, that's for sure.
~~~~~~~~~~~~~~~~~~ Caroline
Caroline