How to Organize Receipts for an Accountant

Organize receipts for your accountant all throughout the year.

Tax time can be stressful. One of the most common reasons many people put off filing their taxes is because they simply can't find the time to gather the documents needed to provide to their accountant. Don't delay the inevitable because you are disorganized. Prepare yourself by organizing receipts for your accountant throughout the year. When tax time rolls around you will be able to schedule your appointment with confidence, knowing that you already have everything you need.

Things You'll Need

• Accordion file folder
• Labels
• Last year's tax returns

Instructions

1. Review last year's tax return and make a list of all of the deductions taken.

2. Create a label for each deduction or category of deductions.

3. Place the labels, in alphabetic order, on the tabs of the accordion folder.

4. Place the accordion folder where it will be easily accessible to you throughout the year.

5. Place receipts into the appropriate slot of the accordion folder as soon as you receive them.

References

• Smart Woman: Create a System to Organize Receipts for Next Year's Taxes