Q What is the best way to organize paper records such as receipts and old checks?
A “The organization can be achieved with a calculator and with a roll of tape and an ink roller,” said Al Giovetti, certified public accountant, and member of the Maryland Society of Accountants.
Thermal paper tapes like old receipts don?t last long, and the heat in a storage place can erase the printing, he said.
“Get copies of the front and back of all your checks, because banks only give you a limited time to print off your checks,” he said.
Organize receipts by type, add contributions up and summarize them on a sheet of paper.
“Put it all in a box, label it with the year of the tax and put the boxes together somewhere in your house,” Giovetti said. “And periodically check on the records.”
