Step Into Our Receipts

June 11, 2011 at 2:26 pm 4 comments

What’s the easiest and most effective way to organize receipts? Envelopes!

Simple, plain white paper envelopes are the best way to house the odds and ends you may (or may not) want to keep.

Label them accordingly and place in a drawer or designated filing cabinet. Revisit every six months and discard accordingly.

Yikes!

Travelling for work? Keep receipts in an envelope, folder or paper receipt holder as you obtain them – makes expense report time so much easier.

Recipe boxes, paper storage boxes and small wooden chests also work (they just take up a bit more space and require dusting).   

We have a friend who likes to scan her receipts and file electronically (so she can organize printed and electronic receipts cohesively).

Great idea, but in our opinion paper envelopes still “fit the bill”.

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Entry filed under: Editing, Financial Organization, Gifts, Home Office Organization, Junk Drawer Organization, Office Organization, Storage Solutions, Strategic Shopping, Uncategorized. Tags: , , , .

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4 Comments Add your own

  • 1. MM  |  June 16, 2011 at 10:11 pm

    Thanks for the tips! Envelopes are helpful (and so easy). I think my whole wallet needs to be edited though – ideas?

    Reply
    • 2. Edit My Closet  |  June 17, 2011 at 8:37 am

      Remove existing content and compartmentalize into piles: finance cards, business cards, membership cards, transit passes, receipts, photos etc… Go through each item and ask what really needs to live in your wallet. What’s used on a daily basis? When was the last time the “buy a million and get one free” point card was presented upon purchase? If it’s been six months or longer it’s time to toss.

      Also, it’s ok to keep pertinent cards and documents at home. When travelling we suggest scanning copies of health cards, passports and Social Insurance Cards and emailing them to yourself. This way you’ll always have virtual access if ever in an emergency.

      Happy Editing!

      Reply
  • 3. Marissa  |  July 25, 2011 at 4:46 pm

    Great tips!

    I was just curious if you had ever thought about using scanning software to digitize receipts? Why or why not?

    Have a great day!

    Reply
    • 4. Edit My Closet  |  July 25, 2011 at 5:28 pm

      We think scanning software is an excellent way to organize documents and receipts (especially for more risk associated paper work like warranty documents, expense reports, tax forms and insurance forms). Digitized document management is a much more streamlined approach as it takes up less space, doesn’t require dusting and makes tracking, filing and housing documents easy.

      There are a ton of “virtualized” applications that mitigate fear associated with losing documents if something happens to one’s computer.

      Thanks for asking!

      Reply

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