Monthly TIp 3
RECEIPTS!
Those little bits of paper are somehow so aggravating to keep track of! But they are so very important. Try keep keeping an envelope in your car and throwing the receipts in after making a purchase for your business. Ideally jot down what the pruchase was if it isnt clear on the receipt. Once a month empty it out and place in a file until you or your bookeeper sorts into your recording system. Remember NOT to use a highlighter on thermal paper receipts as it makes the ink disappear - theses receipts should be scanned or copied to last 7 years storage!
