From the course: Going Paperless: Start to Finish

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Creating a paper-retention policy

Creating a paper-retention policy

From the course: Going Paperless: Start to Finish

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Creating a paper-retention policy

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- The first step in starting a paperless system is to create a policy for all incoming papers. Your policy outlines which type of papers and information you plan to keep, how you plan to keep them and for how long, as well as how you will dispose of the paper that you choose not to keep. I've included a worksheet to help you create your policy in the exercise files. Make sure you review your completed policy with professionals in each area such as your CPA or attorney before finalizing it. They'll advise you on the appropriate papers to keep and time period to keep them specific to your situation. First, determine what types of papers regularly come into your life. I've given you a more extensive list in the worksheet to help you get started. Some of the types of papers include financial, including bills, receipts, and pay stubs, medical, including health records, test results, and explanation of benefit statements, interests, including recipes, inspirations, and memberships, and…

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