If you run a business then it is important to keep track of your receipts. This is one of the ways to keep track of your expenses. It is part of basic business accounting.However with lots of receipts receiving daily, how do you make your life easier? How do you keep track of receipts?
Well, you can easily file your receipts and store in a cupboard for a pre decided time period. After tax period is over and after the financial year, you can consider disposing those receipts. However chances are that you want the records for other purposes. In such case, filing the hard copies can be a task that needs more storing space.
If so what is the easiest way to keep track of your receipts? Do you know that there are apps and software which can use to scan and store your receipts? With such Receipt Capture facilities you can easily store your detailed receipts for future references.
It is so easy when you store your receipts digitally. Digital storing doesn’t require physical space and if necessary you can even access the records from any location. Although you can easily scan and store your receipts digitally with the help of a scanner it is also a must to check the features of any receipt scanner before you introduce it to your business accounting system.
How do you store your receipts? Please share other ideas as comments.