Have you ever wonder what the best way to sort your receipts and other paperwork is?
I prefer to see transactions sorted by the month they pertain to. IF you need to find a specific receipt for a purchase return or to find particular information, you can check your software to see when the purchase was made. Now it’s a quick job to locate that invoice.
There are also advantages to sorting receipts that belong to specific bank statements or credit card statements. This especially helps if you need to return a product or exchange it at a later date.
Some people prefer to sort their documents by the account they belong to. If you have 320 receipts from Canadian Tire and you are looking for a compressor that you purchased, it may take some time to sort through and find that one receipt you are looking for.
At the end of the day there is no right or wrong, it’s all about what works for you!