Bookkeeping is often one of the less joyful aspects of running a small business. Record keeping is a necessary evil, and receipt management can feel like the worst part. It’s challenging to keep everything in order, and physical receipts tend to take up unnecessary space.
Over the years, I’ve tried numerous methods for storing receipts: shoeboxes, envelopes within shoeboxes, clear plastic sleeves, and even stapling them to paper for filing. The list goes on. None of these solutions were truly effective. However, my most recent method has made life significantly easier, so I wanted to share it. My solution is simple: I use A5 envelopes. I write the month and year on the front with a marker, punch a hole in the side, and leave the flap open at the top. Every time I make a business-related purchase, I place the receipt into the current month’s envelope. When the next month begins, I close the flap on the past month’s envelope, add a new envelope for the new month, and continue the process. It’s easy peasy. Now, everything is in one place and simple to find.
