What's a practical filing setup for a small business doing its own bookkeeping?

A small business doing in-house bookkeeping needs organized physical storage for: vendor invoices (by vendor or by month), bank statements, payroll records, expense receipts, contracts, and tax filings. A 4-drawer lateral filing cabinet provides a great foundation. Set up drawers by function: Drawer 1 — active vendor invoices by month; Drawer 2 — bank statements and reconciliations by year; Drawer 3 — payroll records; Drawer 4 — contracts and tax records. Use an accordion folder for monthly receipt collection. At year-end, close out the year's files and move them to a labeled archive box (keep 7 years minimum). Keep it consistent so anyone can find what's needed at tax time or audit. FindOfficeFurniture.com — call 888-719-4960.