Filing Paid Bills
Hi, i am having a quandary about what date do i use when i file a paid bill that has a bill dated 7/7/2020 but is not paid until August, 2020. I use accrual base account. I should know this but as i get older so goes my mind lol
I always filed them by company name. much easier to remember the name than any date, if I needed to look one up for some reason.
I filed them by check number. If I ever had to recover a bill, I referred to the accounting software. Each month, I printed out a check report, by vendor, so that my coworkers could locate copies if needed. Sure saved a LOT of filing time!!