Business Filing System Categories

Dealing with the paperwork is a large part of running a small business.

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. Payroll and employee information. And lastly not all of these filing categories need to be in a hanging file folder in a filing cabinet. These are just a guideline to help you with your home filing system.

File documents relating to these different types of tax into their own tax sections within the business filing system. Receipts and invoices. Keep the two types of information separate in your business filing system. 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.

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. Some may be in their own filing system some on your computer etc. 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 business will have different types of tax to take care of the main ones being payroll tax sales tax and income tax. Part of small business kit for dummies cheat sheet. Optional categories manufacturing production control raw materials shipping engineering blueprints drawings formulas industrial engineering projects page 3. Your personal filing system should include the following categories.

Business filing system compliments of handygirl personal files auto correspondence church family children education school records friends home property mortgage home improvements. Here are the suggested home file categories to consider making files for. Digital filing systems automate the finding files aspect of your office filing system. Filing receipts and invoices properly is one of the most important things a small business needs to do.

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. 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. Academic car employment financial health id insurance and real estate. However you need to use this as a guide since your filing system will be unique to your family.

A filing system allows a business to keep track of important documents and find them quickly. It also helps the business to function smoothly and efficiently. Do what works best for you saves space and is convenient and a system that you will actually.