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4 Tips For Keeping Your Business Files Organized

As a business owner, I'm sure you've already realized just how vital it is to keep your important documents and business files organized, and just how much of a headache it can be when these files are out of order.

You accumulate so much documentation throughout the course of a month or year, which is why it’s important to be able to instantly access these files at a moment's notice. Failing to have an organizational system in place can end up costing you resources. Below are four tips for keeping your business files organized:

Label

Whether you are storing business files or winter clothing, the best way to ensure that nothing is ever out of place is to make sure that everything is labelled accordingly. Having to sort through years worth of paperwork and documents to find that one invoice or tax write-off can be an enormous hassle.

Inventory

Creating an inventory system for all of your business documentation is one of the most worthwhile things you can do as a business owner. Not only having the individual boxes and files labelled, but having an excel sheet that tells you know exactly where you have stored something (especially if you utilize multiple storage locations), is key.

Utilize colours

Another great way to organize business documents into their relevant categories is to implement a colour coded system. Different files, tabs, and labels can make it that much easier to find a particular type of document when you are called on to produce something, or when you need access to something last minute.

Get a good quality filing cabinet

If you are storing sensitive client and personal information in a filing cabinet, you want to be sure that these documents are well protected – and that your clients have faith in your privacy procedures. An additional protection measure you can introduce is to keep certain highly sensitive information stored off-site in a climate controlled self storage unit.

Operating a business means having certain procedures in place for document storage and protection. While much of this work is becoming digital and is being outsourced to the cloud, a lot of modern business documentation still relies on hard copies. If you are a business owner looking to make your document organization more efficient, keep the above business documentation storage tips in mind.