I keep my paper copies in a 4-drawer file cabinet with 2 years per drawer;
thus, I have 7 years of archive plus the current year.

When a new year starts, I go through all the papers in the oldest year,
sorting them into three piles:

#1 - keep (papers that still need to be kept; things with warranties that
are still valid; or things that I may still need)
#2 - shred (receipts with information to be kept private - bank statements,
medical records, etc)
#3 - throw away (everything that doesn't fall into the other categories)


On Wed, Nov 6, 2024 at 10:30 AM Tom Balazs <tom123onl...@gmail.com> wrote:

> How do you store all the paperwork related to your bookkeeping? Sorry if
> this is a bit off topic.
>
> I now file all incoming (bookkeeping related) paper mail in a series of
> 3-ring binders. Occasionally, I move older statements to an "archive"
> folder and store them in another room. I don't really want to put an ugly
> 3- or 4-drawer filing cabinet in this room. But, my collection of "current"
> financial folders is becoming unwieldy.
>
> I try to avoid all the go-green, switch to digital statement appeals
> because I get so much junk in my email that it's hard to find the
> relevant/important stuff. I like getting statements etc. as paper mail.
>
> I could scan documents, but I would be hesitant to throw out my paper
> documents, because of the risk of digital data loss (computer failure,
> etc).
>
> Tom
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Richard Losey
rlo...@gmail.com
Micah 6:8
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