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Posted by on Jul 21, 2007 in Uncategorized | 0 comments

Organize Receipts for your Future

Most people remember their transition into adulthood. One day your parents sat you down and told you that they believed you were ready for financial independence. (Parents use many variations of the phrase “You’re ready for financial independence,” but they all have the same underlying meaning: “We’re tired of supporting you. Now you can start supporting us.”) Regardless of how it was conveyed, this conversation officially made you a grownup. No more sitting at the kids table. Kids dream about adulthood for years: the freedom, the opportunities, not having a bedtime. The most exciting part of adulthood for me, though, was always the thought of doing taxes. Okay, that may or may not be a lie. Not too many little kids dream about doing taxes when they’re older, but we all have to do them anyway. Luckily, there is a ton of material offering advice on how to do them, and how to do them right.

One of the most prolific tax tips is that you should stay on top of receipt organization. When it comes time to deal with everyone’s favorite Revenue Service, it pays to have spent some time getting your receipts organized and categorized. The advent of online receipts has made matters a bit more complicated, though. Many of those tax tipsters say that you should go through your e-mail inbox and individually print out the receipts for everything you’ve bought online, and then file those receipts with the rest of your paper receipts. This process sounds like something less than fun, though, and it also takes a lot of time. Fortunately, Shoeboxed is here to ease your pain during tax season, automatically keeping all of your online receipts organized in one place, marked by date, with separate categories that you have created. It’s the same idea as putting all your physical receipts into files (or shoeboxes, perhaps?), but most of the filing has been done for you. Organizing online receipts has never been simpler. Now, we just have to figure out a way to get rid of those pesky paper receipts, and then doing taxes might actually be something to look forward to.