5 Simple Steps To Keep Track Of Your Receipts

Receipts are always a part of any business and are they key to your financial success. Just think about how you have been running your business. You may think that you have kept track of all of your receipts when low and behold you find a few things on your credit card and the original receipts are missing. If you didn’t check your credit card statement, you would have paid taxes on that amount of money because it wasn’t deducted from your profits. As you can see it is vital to keep track of your receipts.

Here are 5 simple steps to keeping track of your receipts-

  1. Have your receipts emailed to you.
  2. Take a picture of any receipts you pay with cash and send them to your email.
  3. Create a folder in your email to put your receipts in.
  4. Spend a few minutes each month putting them into the folder.
  5. Enter all your receipts into QuickBooks on a monthly basis.

As you can see these options involve putting your receipts in your email. This will make an electronic record of all of your expenses. So rain or shine, your receipts will be protected. No more faded receipts. No more squinting to try to read the receipts and hoping the numbers you enter are correct.

It doesn’t matter what industry you are in, you need your receipts. These receipts will reduce your taxable income and thus reduce your income taxes. Why give them more money, when you don’t have to! You worked hard for your money and you are a better investor of your money. So take the time today to start implementing these 5 simple steps to securing your receipts.