Business Filing System Categories

This list is designed for the typical types of paperwork many households have but it is meant for personal paperwork and not business paperwork.

Business filing system categories.

Keep the two types of information separate in your business filing system. Filing receipts and invoices properly is one of the most important things a small business needs to do. A filing system allows a business to keep track of important documents and find them quickly. And lastly not all of these filing categories need to be in a hanging file folder in a filing cabinet.

Instead of flipping through folders and stacks while risking papercuts and headaches a digital system will allow you to search a few keywords or sort files into an alphabetical list and easily find what you want. In duplex numeric filing systems files are given numeric labels with several sets of numbers involved. Do what works best for you saves space and is convenient and a system that you will actually. This type of filing system can handle large amounts of data.

It also helps the business to function smoothly and efficiently. Organize them alphabetically but keep the id file with your birth certificate passport social security cards and anything else you use often at the front of the file box. Dealing with the paperwork is a large part of running a small business. Receipts and invoices.

File documents relating to these different types of tax into their own tax sections within the business filing system. The different sets of numbers can correspond to major categories and sub categories paralleling the encyclopedia system of filing and classification. A business will have different types of tax to take care of the main ones being payroll tax sales tax and income tax. Some may be in their own filing system some on your computer etc.

Payroll and employee information. Digital filing systems automate the finding files aspect of your office filing system. The following table suggests essential file drawers to label in an actual file cabinet or two and what must keep information to file in each. These are just a guideline to help you with your home filing system.

Most file systems are organized by subject or category which works well when set up correctly but can also be the most confusing when it s not. A nonexistent or messy filing system can add days of extra effort at income tax time as you don t want to miss out on tax deductions because of missing receipts. Your personal filing system should include the following categories. Here are the suggested home file categories to consider making files for.

If your business is ever subject to an audit and you are unable to produce the required documents in. Academic car employment financial health id insurance and real estate. Business filing system compliments of handygirl personal files auto correspondence church family children education school records friends home property mortgage home improvements.