Federal and State agencies require businesses to keep supporting financial documents for up to 7 years, depending on the circumstances. Receipts of all expenditures are required to keep in case of an audit. Over time, receipts can get lost, ink can fade, and the nature of the purchase can be forgotten.
Suppose you want to reduce the amount of paperwork stored or don’t have space in your office. Go digital! We suggest finding a mobile app that can help you organize your receipts. Mobile apps have made tracking and digitally storing your receipts considerably easier. Some apps allow you to upload reimbursable, non-reimbursable receipts and integrate with QBO. Attaching and storing your receipt to your transaction in QBO is a great idea. This can make an audit smoother if you can locate the transaction and receipt in one spot.
If you need help finding or integrating a system to keep your receipts organized. We can recommend programs to help you towards a clutter-free and organized workspace.
We are here to help you find the right tools to make your life easier!
Keeping Your Receipts Organized
Financial Management Services
ZümiFi can help you create the Financial Management discipline and the routine to flex your business muscles. Our services can show you how to get the results you desire for your business. Like a personal trainer at the gym, ZümiFi’s extensive financial and business expertise can save you time and money in managing your business. We’ll help you achieve your success more efficiently and effectively.
The Scope of ZümiFi’s Financial Management Services
With our Outsourced CFO services, we can help you:
Monitor your business financial performance with customized criteria and metric tracking.
Create budgets and cash flow projections so you can strategically monitor your most critical resources.
Design and implement internal controls to ensure that the information you gather is clear, concise, and worth the efforts you put into gathering that information.
Advise regarding the technology your business uses and business process optimization.
Provide advice/ support to the CEO / COO / Owner as a key and confidential partner.
Financial Review and Oversight – For clients who manage their bookkeeping, we offer oversight and review services to monitor that bookkeeping and provide our unique expertise in QuickBooks and financial analysis for your business.