Question: How Do I Organize My Business Documents?

How do I organize my insurance policy?

Put in OrderSeparate the documents by insurance type and policy.

Sort the information for each policy.

Use the same color folder for similar documents in different policies, such as all declarations pages use blue, all claims documents use green.Write the names of the document types on the oversized tabs..

What is good filing system?

A good filing system should possess different qualities such as simplicity, economy, flexibility, safety, compactness, accessibility etc. Simplicity is the first quality of a proper filing system. A good filing system should be simple to operate.

How do you store confidential documents?

Below are some of the best ways to better protect the confidential information that your business handles.Control access. … Use confidential waste bins and shredders. … Lockable document storage cabinets. … Secure delivery of confidential documents. … Employee training.

What are the four types of filing systems?

What Are the Various Filing Classification Systems?Alphabetical Topical Filing Systems. … Alphabetical Encyclopedia Filing Systems. … Alphabetical Geographic Filing Systems. … Straight Numeric Filing Systems. … Duplex Numeric Filing Systems. … Chronological Filing Systems. … Alphanumeric Filing Systems.

What is the most common filing system?

Alphabetic filingAlphabetic filing is the most common filing system for less than 5,000 records. Filing by alphabetic order is a system where you arrange files by names of individuals, businesses, institutions, agencies, subjects, topics or geographic locations according to dictionary order.

What are the 7 steps to organize a home filing system?

InstructionsGather All of Your Papers in One Spot. … Separate Your Papers Into 5 Categories. … Discard Documents You Don’t Need. … Organize the Archive File. … Arrange the Household File. … Set Up the Action File.

How do you organize your business?

How to Organize a Business: Business Organization TipsDefine your business goals and plans. … Keep yourself and your employees motivated. … Plan according to business organization needs. … Organize your office items. … Adhere to your commitments. … Keep in touch with clients and prospects. … Use that computer.

What are the 5 basic filing systems?

There are 5 methods of filing:Filing by Subject/Category.Filing in Alphabetical order.Filing by Numbers/Numerical order.Filing by Places/Geographical order.Filing by Dates/Chronological order.

Where should you keep important documents?

How to Keep Your Documents SafeSafe Deposit Box. Your best bet with storing important documents is a safe deposit box. … Home Safes. For documents you keep at home, or copies of documents in your safe deposit box, get a home safe. … Use Plastic Page Slips. … Use the Shredder.

How do you preserve important documents?

Store documents flat in a cool, dry, and dark area. Papers should always be stored in acid-free, alkaline materials (like boxes, folders, or mats) or in polyester film folders. Never keep your documents in a damp or humid areas, such as basements, attics, or bathrooms.

How do you protect documents?

You can protect a document by using a password to help prevent unauthorized access.Click the File tab.Click Info.Click Protect Document, and then click Encrypt with Password.In the Encrypt Document box, type a password, and then click OK.In the Confirm Password box, type the password again, and then click OK.

What is the best way to organize documents?

Best Practices For Organizing Computer FilesSkip the Desktop. Never ever store files on your Desktop. … Skip Downloads. Don’t let files sit in your Downloads folder. … File things immediately. … Sort everything once a week. … Use descriptive names. … Search is powerful. … Don’t use too many folders. … Stick with it.More items…•

How do I organize my personal documents?

If you’re drowning under a sea of paperwork, try these simple tips to get organised.Throw away. Put junk mail, unwanted catalogues, receipts you don’t need to keep etc. … Don’t put all your papers in one basket. … Make filing a habit. … Clear and separate. … Get colourful. … Fireproof it. … Be specific. … Separate the sentimental.More items…•

What documents should I keep?

How long should you keep documents?Store permanently: tax returns, major financial records. … Store 3–7 years: supporting tax documentation. … Store 1 year: regular statements, pay stubs. … Keep for 1 month: utility bills, deposits and withdrawal records. … Safeguard your information. … Guard your financial accounts.More items…