| 
11-12-2007, 01:34 AM
80% of retained papers are never looked at again. the important thing is to be able to quickly retrieve the 20% when needed.
With the exceptional of tax requirements, ask yourself
is the paper is likely to be needed later,
how easy would it be to get a copy
what is the worse thing that could happen if the paper was re-cycled?
I suggest a desk top pendaflex for current contracts/projects/proposals. Each of our clients have a designated color file folder within the hanging files.
Current year completed contracts/projects are filed in the desk drawer file ASAP after payment has cleared their bank with everything related to that project combined.
At tax time financial data is moved into a 'Banker's Box' available on request. Each Banker's Box is labelled for date. An remaining material is recycled as there is no practical reason to retain. Procrastination is like a credit card: it’s a lot of fun until you get the bill. [Parker] |