Receipts for items bought in person tend to sit in a crumpled heap at the bottom of the handbag, while petrol receipts reside in one of the many nooks and crannies in the car. Only receipts delivered to your premises stand a chance of getting into the file on your desk!
And at the end of the month when you want to reconcile your accounts those pesky little receipts can be quite hard to find! Until you have stopped looking of course, and then they will turn up a couple of months later in exactly the place you thought you’d put them, but they definitely weren’t there when you needed them!
It is so easy to pick up a bargain with every intention of settling up with the petty cash, but by the time you’ve finished your mad dash around town, scoffed a sandwich and glugged a coffee during your lunch break, when you’ve actually got back to the office getting that receipt into the petty cash tin can easily slip your mind.
Carrying a small zipped purse in your handbag, or keeping a wallet in the car just for these receipts can make a difference. Hopefully the majority of your receipts will make it into this receptacle which will make reconciliation so much easier.
Take some time on a Friday afternoon to gather up all receipts for purchases made during the week and record them through petty cash or expenses. This way if one or two have gone astray you may have a better chance of remembering where they are.
Half the battle with keeping accounts records up-to-date is knowing where your paperwork is!
Jamie has spent many years working in administrative roles, she has also spent time as a stay at home mum and now loves the flexibility of working from her home office and being available for her family whenever they need her.