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No one told me it's the last week to file tax returns....ick
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<blockquote data-quote="rlsnights" data-source="post: 419871" data-attributes="member: 7948"><p>Thanks for the suggestion. My sister pointed that out to me too. I've looked at them in the past and did it again in more detail this tax season with the same idea.</p><p></p><p>Most of them require that you hand feed every single receipt individually. The ones that have an automatic feeder won't work with receipts that are every size from full sheet to itsy-bitsy without more handling like taping the little receipts to a bigger piece of paper. So that didn't seem like it would be much of a time savings or convenience.</p><p></p><p>And the ones that have the software that turns the receipt into a searchable PDF document seem to be kind of pricey - $200+. Without that feature it's not helpful to me except for storage and a box is lot less expensive way to store something I'm going to use once and then put away until I throw it away in 7 years. Since we are seriously pinching pennies here my final conclusion was that the pros didn't out weigh the cons plus the cost.</p><p></p><p>After doing it for years and years I kind of have a system set up so I don't actually have to handle the paper receipts much, although I do collect and keep them. Instead we charge all the medical expenses we can to two different credit cards (one is Amex and some places won't take it so I have a 2nd dedicated Visa card). That way I just have to deal with the credit card statements for most of our expenses. Amex has always done year end statements but this year they made it sortable and searchable and downloadable and every -able I could dream of. I nearly swooned let me tell you when I discovered all the things I could do with our year end statement online this year.</p><p></p><p>The reason it was soooo much of a pain and time consuming to do the medical expenses this year was because I had to create a spreadsheet with every single medical expense entered along with who the expense was for (no more lumping it all together) and divvy up the mileage expense by person too. I had to list exactly how each item was paid because most of it was paid with community income but a little was paid with separate income and those now have to be accounted for separately. Some receipts are for more than one person - I often pick up several rx's at once for 3 people so I had to go through all those receipts and account for each person's expenses separately from one receipt. And when I am doing it for myself I can take shortcuts I can't take when I'm creating a spreadsheet for someone else to use.</p><p></p><p>Now that I know what has to be done I will be charging each person's rx's or co-pay separately so I don't have to go through and match Walgreen register receipts RX # to the actual RX information that comes with the bottle. That was what was the most labor intensive part of the process this year.</p></blockquote><p></p>
[QUOTE="rlsnights, post: 419871, member: 7948"] Thanks for the suggestion. My sister pointed that out to me too. I've looked at them in the past and did it again in more detail this tax season with the same idea. Most of them require that you hand feed every single receipt individually. The ones that have an automatic feeder won't work with receipts that are every size from full sheet to itsy-bitsy without more handling like taping the little receipts to a bigger piece of paper. So that didn't seem like it would be much of a time savings or convenience. And the ones that have the software that turns the receipt into a searchable PDF document seem to be kind of pricey - $200+. Without that feature it's not helpful to me except for storage and a box is lot less expensive way to store something I'm going to use once and then put away until I throw it away in 7 years. Since we are seriously pinching pennies here my final conclusion was that the pros didn't out weigh the cons plus the cost. After doing it for years and years I kind of have a system set up so I don't actually have to handle the paper receipts much, although I do collect and keep them. Instead we charge all the medical expenses we can to two different credit cards (one is Amex and some places won't take it so I have a 2nd dedicated Visa card). That way I just have to deal with the credit card statements for most of our expenses. Amex has always done year end statements but this year they made it sortable and searchable and downloadable and every -able I could dream of. I nearly swooned let me tell you when I discovered all the things I could do with our year end statement online this year. The reason it was soooo much of a pain and time consuming to do the medical expenses this year was because I had to create a spreadsheet with every single medical expense entered along with who the expense was for (no more lumping it all together) and divvy up the mileage expense by person too. I had to list exactly how each item was paid because most of it was paid with community income but a little was paid with separate income and those now have to be accounted for separately. Some receipts are for more than one person - I often pick up several rx's at once for 3 people so I had to go through all those receipts and account for each person's expenses separately from one receipt. And when I am doing it for myself I can take shortcuts I can't take when I'm creating a spreadsheet for someone else to use. Now that I know what has to be done I will be charging each person's rx's or co-pay separately so I don't have to go through and match Walgreen register receipts RX # to the actual RX information that comes with the bottle. That was what was the most labor intensive part of the process this year. [/QUOTE]
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No one told me it's the last week to file tax returns....ick
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