2 Easy Steps to Maintain Orderly Financial Records

1. Deal with the paper immediately:

If it is a Tax invoice and/or statement that has been paid – action the paperwork and file it straight away
If the tax invoice and/or statement is due for payment – set it aside for payment on the due date

2. Set aside a specific day for paying accounts.

You may have suppliers that are paid weekly and/or monthly - I find it easier to pay suppliers at the same time as paying the employee wages – this is my time to pay all outstanding invoices for small traders – the larger suppliers such as telephone, electricity etc – I will most likely leave these to the due date.
Once the tax invoices are paid file the paperwork straight away – deal with all paperwork straight away.

At Business Bookkeepers the first thing we do for clients is collate their paperwork in order. Once paperwork is in order it is easy to maintain and find records, which leads to good time management