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Updated over 7 years ago on . Most recent reply

User Stats

47
Posts
14
Votes
Thomas Swindell
  • Investor
  • Orlando, FL
14
Votes |
47
Posts

How do you guys keep track of your receipts and expenses on flips?

Thomas Swindell
  • Investor
  • Orlando, FL
Posted

We just closed on our first flip and I have monstrous folder of receipts and invoices. Do you keep everything on an excel spreadsheet? Do you scan the receipts electronically so you don't have a paper folder? I cannot imagine doing 10-20 flips a year and having to keep these big folders of receipts. Any suggestions on how to stay organized with expenses going forward to make my life easier? Any specific scanners that are affordable that specialize in this stuff?

Most Popular Reply

User Stats

170
Posts
33
Votes
Bill Briscoe
  • Accountant
  • Thornton, CO
33
Votes |
170
Posts
Bill Briscoe
  • Accountant
  • Thornton, CO
Replied

Amex card and Home Depot job numbers. I can go on HD's Pro site and see all my receipts and match them to charges on my Amex bill.

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