Paperwork Maybe (by Smokowna [MD]) Oct 10, 2017 6:04 AM|
Paperwork Maybe (by Still Learning [NH]) Oct 10, 2017 6:25 AM
Paperwork Maybe (by AllyM [NJ]) Oct 10, 2017 6:28 AM
Paperwork Maybe (by WMH [NC]) Oct 10, 2017 6:44 AM
Paperwork Maybe (by Smokowna [MD]) Oct 10, 2017 7:45 AM
Paperwork Maybe (by Bill [NC]) Oct 10, 2017 8:48 AM
Paperwork Maybe (by WMH [NC]) Oct 10, 2017 11:10 AM
Paperwork Maybe (by Pattyk [MO]) Oct 10, 2017 6:02 PM
Paperwork Maybe (by BRAD 20,000 [IN]) Oct 11, 2017 12:40 PM
Paperwork Maybe (by Smokowna [MD]) Oct 11, 2017 3:08 PM
Paperwork Maybe (by Smokowna [MD]) Posted on: Oct 10, 2017 6:04 AM
I think I've finally got the knack for paperwork.
Here on the Eve of the world going paperless.....
I've been noticing that my paperwork is current most of the time. What I mean by that is that you could turn over the books to an accountant without any prep work.
I've stopped buying bulk materials for future jobs. I did some math and realized that if those materials were not used up quickly they actually had the reverse effect and didn't produce savings.
(Time, storage, handling, tracking etc)
As Brad will attest, Jumping on people immediately who are not paying saves office time. Act quickly
Teni are much more helpless than in years past. A real crop of wet noodles is out there and they require much more administration. I'm using every Internet tool I can find to deal with them Venmo, Splitwise
Cash is a big help. Cash receipts seem cumbersome but you can reconcile each day when using cash. You don't wait for statements to arrive. I'm not suggesting a change here, I'm only pointing out that there is an advantage in time.
It would be impossible for some to function without CCs
So have I reached complete Paperwork Tranquility? No I suspect not but I have reached a point where after the paperwork is completed....there is still energy left to promote new ideas - follow up on leads.
And that...is important. --74.96.xxx.xxx
Paperwork Maybe (by Still Learning [NH]) Posted on: Oct 10, 2017 6:25 AM
Paperwork tranquility... great job, maybe some day I will get there. My kids use venmo all the time. Is yours personal or LLC? --76.89.xx.xxx
Paperwork Maybe (by AllyM [NJ]) Posted on: Oct 10, 2017 6:28 AM
Don't go paperless. The sun sends out violent bursts of radiation at times that can wipe out electronics and all your data. It could send us back to the days of the industrial revolution. If we refuse to go paperless with those who bill us we can force them to have the old techniques for handling paper checks in case there is a problem. And buy a newspaper now and then. Puerto Rico is a good example of what can happen. --73.33.xxx.xxx
Paperwork Maybe (by WMH [NC]) Posted on: Oct 10, 2017 6:44 AM
We are the opposite of cash. We charge every.single.thing. Even a drink at a gas station.
AND we reconcile and categorize every single thing every day. We don't wait for statements. --173.22.xx.xx
Paperwork Maybe (by Smokowna [MD]) Posted on: Oct 10, 2017 7:45 AM
AllyM, I worry about my pictures.
WMH, how are you doing the bookkeeping daily? Info off of the credit card receipts? In essence this would work just as well if I understand correctly.
My venmo is personal. I don't like that but I didn't know what I was doing. All the new sites or programs look confusing at first, then later you recognize how you would set it up next time. In the case of Venmo I wanted it in place so I just did it.
It is amazing to me how many people are asking to pay their rent through Venmo.
Paperwork Maybe (by Bill [NC]) Posted on: Oct 10, 2017 8:48 AM
I pay 99% of my bills with my Sams Club MC. Reconcile after statement closes and pay one bill a month. --76.0.xxx.xx
Paperwork Maybe (by WMH [NC]) Posted on: Oct 10, 2017 11:10 AM
I download all accounts every morning - one button click with Quicken. I quickly scan the items and categorize. I probably spend 30 minutes a day doing this. And that includes turning on the computer and downloading time.
Setting up the categories took the longest, but I did this way back in the day so it's easy now.
Property expenses are categorized according to Schedule E line items.
Personal expenses are tracked as well, by living and housing and autos and such. --173.22.xx.xx
Paperwork Maybe (by Pattyk [MO]) Posted on: Oct 10, 2017 6:02 PM
I call it "self accounting" just made that up. Cause it's all in one place, one card, one bank... Sorta documents itself. I just point and click. --66.87.xx.xx
Paperwork Maybe (by BRAD 20,000 [IN]) Posted on: Oct 11, 2017 12:40 PM
I just had a mind picture of you sitting on your desk, legs crossed in a Lotus position, eyes closed, chanting oooommmm.
Other than a few items Lowes is our warehouse.
Window AC are kept in stock because Lowes runs out when the heat gets hot. We need them the day we need them.
Small elec heaters bought on sale at the end of last season so we have heaters the day the furnace goes out.
Ceiling fans caught on sale in bulk.
Appliances snatched as scratch and dents appear.
Paperwork Maybe (by Smokowna [MD]) Posted on: Oct 11, 2017 3:08 PM
I keep those things as well but all used. They find me, I simply put them away rather than tossing them.
However, I keep them in an appliance shed with a combination lock.
I also keep the 11 square foot refrigerators and non pneumatic wheel dolly so in case a fridge goes out anyone can quickly deliver a small fridge.
Only then may I climb up on the roof of said shed, roll out a bear skin blanket and look to the stars