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Organize Your Receipts

Organize Your Receipts

organizing receiptsDo you struggle to organize your receipts? Sometimes, the inside of my purse looks like a paper recycling bin, with all of the receipts I collect. I try to empty my wallet regularly, and keep the receipts for any items that need to go back. However, it is annoying when you don’t have the receipt with you, and sometimes, you just need to keep receipts just in case. Business owners need to keep receipts for tax time (just around the corner, can you believe it?!) and then keep them in case of audit for another seven years. And anyone buying lots of Christmas gifts or making home improvements may need to keep receipts in case something doesn’t work or fit, so we’re all dealing with the disaster of paper receipts.

If you shop at Target, they have the technology to store and look up a receipt, from the credit card used to make the purchase. KMart will email you your receipt, so that you can have it digitally. And Walmart lets you scan in your receipt (part of their Savings Catcher program, where they compare the price you paid to the prices in other stores and refund the difference on certain items). But for all of those other paper receipts, try these great ideas:

  • Take a picture with your cell phone. Rather than keep all the paper receipts, snap a picture of them with your cell phone.
  • Use an app. There are several apps designed to help you better manage your receipts.
    • Shoeboxed is a great app that not only stores your receipts but also tracks mileage and expenses and stores business cards electronically. Shoeboxed syncs with Quickbooks, too, making for easy accounting.
    • Receipts is a free app that will download expenses to EverNote.
  • Scan receipts. Especially if there is a chance you will have to use them for taxes, scan your receipts. If you don’t, the ink will likely be worn off by the time you need them.

 

Another solution for receipt management is Neat. Neat “extracts the key information from your receipts and documents, integrates with popular accounting and business software, and simplifies how you work.” You can add receipts from the mobile app, the desktop app, or a scanner.

No matter what you choose, there are better ways to organize receipts than in a crumpled mess at the bottom of your purse, in a drawer, or unorganized in boxes. It’s a great time of year to get receipts organized and out of your hair.

Happy Organizing!
Cris

 

Cris Sgrott

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