[GNC] File Cabinet, 3-Ring Binders, Paper Records?

[Kalpesh Patel]

Making digital copies into cloud, albeit in a foggy one, is a lot easier
than sending paper copies to Iron Mountain for safe keeping. Then there is
cost of keeping digital copies vs physical copies. 

Most vendors -- at least credit cards, banking and investment houses --
provide digital copies of most types of statements that can be downloaded
easily.

Here is guide for small business documents retention time frames:
https://www.uschamber.com/co/start/strategy/how-long-to-keep-business-docume
nts
For personal documents: https://www.suzeorman.com/resources/record-keeping


-----Original Message-----
From: Adam Funk <a24061 at ducksburg.com> 
Sent: Wednesday, November 06, 2024 12:00 PM
To: gnucash-user at lists.gnucash.org
Subject: Re: [GNC] File Cabinet, 3-Ring Binders, Paper Records?

On 2024-11-06, Tom Balazs wrote:

> How do you store all the paperwork related to your bookkeeping? Sorry 
> if this is a bit off topic.
>
> I now file all incoming (bookkeeping related) paper mail in a series 
> of 3-ring binders. Occasionally, I move older statements to an "archive"
> folder and store them in another room. I don't really want to put an 
> ugly
> 3- or 4-drawer filing cabinet in this room. But, my collection of
"current"
> financial folders is becoming unwieldy.
>
> I try to avoid all the go-green, switch to digital statement appeals 
> because I get so much junk in my email that it's hard to find the 
> relevant/important stuff. I like getting statements etc. as paper mail.
>
> I could scan documents, but I would be hesitant to throw out my paper 
> documents, because of the risk of digital data loss (computer failure, 
> etc).

IMO it's much easier to make offsite backups of digital documents than paper
ones.