Best strategy to keep accounting records and efficient bookkeeping

Kalada

Registered User
Messages
30
Hi,

How do you all keep your accounting records? I mean, how do you keep all your invoices organized by month, etc.

Not sure if I'm being efficient on the way that I do but I always lose some commercial businesses or I need to keep them in mind all the time.
 

Nutso

Frequent Poster
Messages
549
I usually file (online now) by month in alphabetical order of supplier. It's easy to find something if you need it.
 

jim

Frequent Poster
Messages
518
File expenses by category of exp and by month (electricity, insurance and what have ya).

Keep invoices for purchases of fixed assets seperate.

File invoices issued (sales) by month
 

peemac

Frequent Poster
Messages
719
Get an accountant that specializes in small business and put everything in an envelope and give to them every month.

If you are like me and have a distain for paperwork, it's the best option.

Not expensive either.
 

bbari1

Frequent Poster
Messages
53
Get those A4 dividers by Alphabet and put them in lever arch files, put invoices alphabetically by supplier name.
Depending on the scale of your business, have a leaver arch file for each month/2 month/quarter/6 months or for each year
 
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