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Less Paper to File

By Maesz

RecordsI have stumbled upon, what I believe to be, an easier way to keep track of items paid on-line.
I signed up to receive my credit card and utility billings on-line. The following is how it works. I:
  • get notices via e-mail;
  • go the the site;
  • print only the page on my bill that contains the actual billed items (all their advertising, etc. can stay unprinted);
  • set-up/schedule my payment for a couple days before the due date;
  • print the confirmation of payment scheduled on the BACK of the billed items page;
  • go to my accounting software, record the upcoming payment (I enter the confirmation # as memo);
  • file only one sheet of paper.
I haven’t written a check in months except in local stores where I cannot use a credit card.

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About Maesz

Glenna Mae Hendricks. She is an entrepreneur and income tax consultant, so we get lots of good tax tips from her. She is an oenophile (“look that up in your Funk and Wagnall’s,” she says), and a wine enjoyment teacher/guide who also writes wine notes at the Allen’s Retail Liquors site. Her political thoughts (and occasional outbursts of domesticity) appear at Old Feminist and Wild-eyed Liberal.
  • Four Things to Know about Taxes and Starting a Business - November 14, 2017
  • You probably should be making estimated tax payments to the IRS - November 7, 2017
  • 2015 Standard Mileage Rates from the IRS - December 23, 2014
  • Deducting your home office – webinar Wednesday - September 8, 2014
  • Webinars on hiring independent contractors and avoiding common tax mistakes - April 30, 2014
  • IRS? There’s an app for that - February 12, 2014
  • IRS Tax Calendar for Small Business and Self-Employed - December 31, 2013
  • 2014 Standard Mileage Rates for Business, Medical and Moving Announced - December 7, 2013
  • Where can you find answers on the Affordable Care Act? The IRS - August 21, 2013
  • Avoiding the Top Tax Mistakes - June 13, 2013

December 4, 2008 Filed Under: finance Tagged With: maesz

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Comments

  1. jon says

    December 5, 2008 at 3:27 am

    we have cut way down on our check writing. It helps with all kinds of clutter. What would be great would be the local stores figuring out the simple way to do this, too. Thanks!

  2. maesz says

    December 5, 2008 at 5:01 pm

    jon, thanks for the kind words.

    I, too, have been amazed by the reduction in clutter. The bank even keeps my statements online accessible for 3 years.

  3. Nidsu says

    December 16, 2008 at 8:35 pm

    I think that this type of thing is going to become more and more popular. I can’t stand sorting through all the paperwork. I would like to present a tool that will also let businesses approach their invoices, bills, statements, etc from the same perspective with their clients. Many small businesses can’t support that right now.

    Jeremy
    http://refocusing.wordpress.com

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