Once again, our tip will focus on small changes you can make to your paperwork prep routine. Putting your receipts and statements into good order before bringing them in helps make the most efficient use of your bookkeeper’s time which will, in turn, save your business money!

When you receive your monthly credit card and bank statements, write a number next to each item on the statement. Then, find the corresponding receipt for each transaction and write the same number on the receipt that goes with that item on the statement. Sort receipts in number order and attach all receipts to the relevant statement. This will save your bookkeeper a significant amount of time sorting receipts and matching them to the correct statement and will reduce your bill as a result.

We hope you enjoy our weekly bookkeeping tips!  Have a suggestion for a tip we can share with our readers? Contact us to submit your time-saving techniques for keeping your paperwork in order!