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It is best to avoid creating an area where the receipts can just be thrown in and contended with at a later time. It is important to purchase a filing cabinet that comes with a lock. This is especially true when it comes to contending computer desks with receipts for that business.
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I would suggest purchasing a filing cabinet as it is a space that can be organized, outdoor patio sorted, and does not take up a lot of space. Once the receipts are processed, meaning placed in your financial books, you should place them into the second folder. The next step to handling your receipts is to have a physical ledger and a backup, such as a computer software program that can document the receipts. If you do this, you will find that it is not at all effective. I suggest keeping two folders from month to month.
