In a perfect world, everything in your business would be neat, organized and perfectly filed away. You would have every little document filed away or trashed, and the recycling bin wouldn’t have to worry about going out of commission. Piles of paper wouldn’t exist, and you could actually see what color your desk is.
Sound too good to be true? It probably is … if your business looks like this, please fill us in on your secrets! In the real world, running a business requires a lot of documents, papers, forms and records which often get piled up because it’s tough to know what should stay and what should go.
Luckily, we’re here to help you get started with your business’s spring cleaning so you know what you should keep and what needs to be thrown.
Record retention is tricky and even a little bit stressful. What if you throw out a document you will need down the road? There are even some documents the law requires you to hang on to that you don’t want to lose. If you get rid of something that you shouldn’t have, it can create a mess for doing taxes or payroll, and could even result in legal fines and sanctions. Yikes!
As scary as it sounds, don’t let this pressure you in to keeping everything forever. Sometimes hanging on to all these papers can be a real pain (not to mention a huge mess), so it’s important to know when to keep and when to throw. Luckily, your friendly numbers nerds are here to share with you this handy cheat sheet to help you decide what to weed out!
Always remember the guide, although pretty awesome, might vary depending on the certain circumstances of your business. Consider using the guide to help you develop a record retention policy to fit your business and get your spring cleaning off to a fresh start.