How to Store and Organize Your Receipts Electronically
“Clutter is nothing more than postponed decisions.” – Barbara Hemphill
We all know nothing is more frustrating than trying to find a receipt for something you bought a long time ago. What did you do with it? Did you get rid of it? What if you can't even find it? Keeping track of all your physical receipts can be tiring and time-consuming. On the HouseHood blog, we've already talked about why it is important to keep receipts and the best ways to store and organize them. By now, you should know that the best and most efficient way is definitely storing your receipts electronically. You can easily organize and store digital receipts, which can then be easily found. You can also convert paper receipts to digital receipts to keep everything in one place.
Why Should You Store, Sort, And Organize Receipts Electronically?
- It takes a small commitment to save stress and time while also putting more money in your pocket. However, you will reap the benefits at the end of the tax season and wonder why you ever did it any other way.
- Keeping track of your expenses will only take a couple of hours per month. Perhaps even less if we use the methods outlined in this post.
How To Organize Receipts In The Digital Age?
Having electronic receipts does not automatically mean that your receipt organization skills are perfect. If you don't plan ahead of time when switching to e-receipts, your electronic receipts will also get messy, even if you don't have filing cabinets, folders, or shoe boxes full of receipts. We're here to help you find the best way to store receipts electronically so that when tax season rolls around or when you make a purchase you don’t remember, you can easily find what you need.
To organize receipts electronically, you must:
- Create electronic receipts
- Convert paper receipts to electronic receipts.
- Sort your electronic receipts
- Follow your country's taxation authority guidelines for storing receipts.
How To Sort Receipts In The Digital Era?
1. Google Drive
Using Google Drive to save and organize all of your receipts can be a time-saving solution. You won't have to go through your entire house looking for them for tax purposes. It's quite simple to use. You can then save digital copies of the receipt to Google Drive directly from your computer. If necessary, you can go a step further and create separate file folders for different types of receipts. You could make a folder for business or shopping expenses.
2. The HouseHood App (Best Choice)
Although you can use Google Drive as a way to store your receipts, but let's be honest! It’s always better to rely on apps that specialize in storing and organizing your receipts. It’s more convenient and there are more options. HouseHood is a smart application to help you put your House in order.
Here are a few reasons why you should start using HouseHood today:
Smart receipts scanner
In HouseHood, we use a smart and automated process to scan receipts.
- open the HouseHood app,
- Take a picture of receipts,
- HouseHood will automatically scan your receipts,
- Primary information of the receipts (price, date, and name of the product) will be seen in the scan.
Have Access to Your Receipts Everywhere, Anytime
With HouseHood, not only you don’t have to go through your physical receipt anytime you need it, but also you can find all your receipts in a matter of seconds and all you need to do is open the application.
Easy to Manage
There are no restrictions on Customizing receipts categories as you want. You can Separate your electronic devices from kitchen equipment and so on in HouseHood. By using specific categories, you can access the receipts easily, and if you are not a fan of categorizing, you can always search among your assets.
Notify on Asset Coverage
You'll always know when you can return an item and whether or not it's still under warranty. For this, make sure to add the warranty info of your asset if it isn't already written in your receipt.
Add Your Assets Pictures, Manuals, and Brochures
Trying to find info about an asset or product? Add photos to all your assets and easily see their pictures, manuals or brochures, etc., on the detail page. Whenever you’re scanning a receipt, just click on the select button, and add any pictures, manuals, and brochures related to your asset. This way, you can have all the info about your asset in one place.
The original receipt photo will be saved on the HouseHood cloud storage, so you won’t need to worry about deleting the app or even losing your phone.
Some Things to Keep in Mind
Create a schedule to process your receipts (i.e., taking the pictures, choosing the related file name, and uploading them to the correct folder). Organizing all your receipts electrically can increase your productivity. When you are organized, you can save a lot of time, stress and even money eventually. This way, you will always know exactly how much you spent, where it was spent and when it was spent.
Make it a habit to organize your receipts. Once you've decided on the best way to keep receipts, it's essential to stick to your plan. While organizing your receipts can be time-consuming, it will ultimately:
- Simplify your accounting process.
- Make it easier to track your spending (especially for tax purposes)
- Assist you in avoiding TAX fines
If you haven’t already downloaded the app, you’re just a click away. Download HouseHood and start scanning. We’ll promise you the experience of an organized life in this chaotic world.
You may never lose a receipt again; just open the app and get it in there.
Download for free today.
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