Week 5 Day 3 Action Items

Day 3

• [ ] Explore digital tools or software for organizing financial records.
• [ ] Refine your basic digital folder structure for your records from Week 1 Day 6.

Below is a recap of the folder structure from Week 1 Day 6. How has the folder structure worked for you so far? What gaps have you identified that you would now like to refine and update?

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Folders to Add or Update

• [ ] Folder 1
• [ ] Folder 2
• [ ] Folder 3

Creating a Basic Folder Structure for Your Business’s Financial Records

Use the following guide to set up a basic folder structure to start the process of organizing your records. (Folder structure from Week 1 Day 6)

Folder Descriptions:

• Bank Statements: Organize by year for easy reference.
• Invoices: Categorize sales and purchase invoices separately.