Hi all, newbie here.
I'm going to get proper audited accounts done this year, so will be hiring an accountant soon to sort out the 2015-16 return. I am unsure how to best organize all my receipts for him - I know he won't want them all dumped in a carrier bag !
So I figured it must be one of these ways, but don't know which :
1. Put all receipts across all different categories of expenses (eg, postage and stationary, supplies, utility bills, etc, all together) into one folder for each month of the year
OR
2. Get my pile of folders, put stickers on each of them so each folder represents a different category of expenses, then say for example, on the postage and stationary one, I stick receipts for the whole year for this category in together
3. Or am I supposed to fine- tune it and do this : Get a folder for each month of the year. Inside this folder, put all receipts for one category of expenses (eg postage and stationary) into a sub folder, then put all receipts for another category (eg supplies) into another sub folder, and so on...so everything is segregated for that month. Then repeat across all months
Cheers,
Victoria
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