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Organize Your Home Business and Reap the Rewards of Success (DOC download)

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					Organize Your Home Business and Reap the Rewards of Success

The time to realize how important home business organization is to your
overall success is not when you need to find important tax papers or
income statements quickly. To avoid problems in the long run, take some
time and devise a workable organization and filing system now.

Get a sturdy lockable file cabinet and durable hanging folders. Buy
manila folders to tuck inside the hanging folders, and make sure you've
also got several manila envelopes on hand that you can tuck receipts into
and label easily.

Organize your financial papers chronologically, and divide them by types.
Sort all your financial papers into piles and stack them chronologically.
Be sure you have folders for
bank statements, credit information, bill stubs, paycheck stubs,
receipts, tax information, real estate papers, investment papers,
insurance policies and statements, loan agreements and any other
financial papers in separate hanging folders. Further divide your tax
information by year. Include tax returns, receipts, copies of W-2s, 1099s
and other pertinent tax information. Divide the bill stubs by the
companies they represent and divide real estate papers by mortgage
documents, home improvement receipts, second mortgages and so forth.

Important documents such as savings and certificate of deposit passbooks,
car titles, stock certificates and yearly Individual Retirement Account,
pension and profit-sharing statements should be kept in a safe deposit
box, along with any vital records and valuables.

Make sure to keep on top of your inbox, especially your bills that need
to be paid. Put them in a separate place where they are easily seen and
handy.

When purging documents from your filing system, be sure to hang on to tax
paperwork for at least seven years, and other financial documents for
three years.

Financial planning software for your computer is available, and most are
very user-friendly. Some include online banking functions. If you
decide to utilize this, be sure to back up your data on a regular basis.

If you make a commitment to keep on top of your filing and organization
system continually, you'll benefit when the time comes to locate those
important documents necessary for your continued success. If you don't,
the paperwork monster will easily overwhelm you again and could mean
trouble for your business.

				
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posted:4/27/2012
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Description: Feng Shui
Kazuki Vandetta Kazuki Vandetta MR
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