The paperwork.
THE PROBLEM
Receipts accumulate, fade, and get lost.
WHAT TO DO
Photograph them immediately Store the images by month Keep the originals where required
WHY PHOTOGRAPH
Thermal receipts fade to blank within months.
An unreadable receipt is no receipt.
HOW TO ORGANISE
A folder per month, or per quarter.
Named so you can find things.
WHAT TO NAME THEM
Date, supplier, amount.
WHAT TO DO WITH SUPPLIER INVOICES BY EMAIL
Save them to the same place.
Not left in the mailbox.
WHY
Mailboxes are searched badly and lost entirely.
FOR CASH PURCHASES
Ask for a receipt. Record it the same day if you cannot get one.
WHAT TO BACK UP
All of it.
WHAT TO KEEP IN ORIGINAL FORM
Whatever your accountant advises.
WHAT NOT TO DO
A box of receipts sorted annually Relying on bank statements alone
THAT LAST POINT
A statement shows an amount, not what it was for.
