A lot of receipts and you don’t know what to do with them? Find a few envelopes and we will get you square in no time!
You need to sort your receipts into different piles so you know what is what. Here are a few suggestions – you may find you need different categories.
- Meetings – Team members, Potential team members, customers, fundraisers
- Car Expenses
If you have a lot of receipts in a pile, then you likely want to create it an envelope for itself. If you only have a few, then you can combine it. You could also smaller envelopes for each category and then put them all into a larger envelope.
Label each envelope with whatever is inside it as well as the time frame. If your receipts are all for one year, you can label it “Car Expenses – 2011” or “Giveaways/Training/Meetings – November 2011”, whatever method works for you.
Once everything is sorted and in its envelope, you need to put it somewhere so that you can input it into your accounting system. If you do not input anything, but give it all to your accountant, then they may advise you how they would like the receipts sorted.
- Keeping up on your Direct Sales Accounting (directsaleshelp.com)