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There are two primary methods or bill organization; manual and systemization. There are benefits and disadvantages of both methods for how to organize bills. While you can certainly develop a manual system to collect, pay and track your bills, most individuals find tremendous advantages with a bill organizer system.
Keep and store canceled checks, cash register receipts, credit card slips, invoices, account statements and petty cash slips. A good way to organize receipts is by year and the type of expense. Create a master file using the year as the file label.