Handling Cash Expenses

My friend is complaining that he can not organize his receipts and monitor his expenses especially those which were not paid thru check--little expenses that when summed up together will make a dent on the profit like, office supplies bought in cash, taxi fare and other petty expenses. I come across this website shoeboxed which offers organization of receipts for free. Precisely, that's what I suggested to my friend who has his day job to attend to while managing his on-line business--a box-type of organizing his docs while waiting to be sorted out. Instead of a box however, there is an expandable folder/envelope which come with labels which he can use to store the receipts, notes and other small papers evidencing payments. To handle the cash expenses, he can make use of a small box where he can put a fixed amount of money, say for example $ 100.00. Everytime, he spends out of the fund, he should put back the change, a receipt of a small paper noting what kind of expense it is. When the fund is running low, say for example, it is only 15.00, he can replenish the fund by adding $ 85.00 to make it $ 100 again. The 85.00 represents the expenses for the period that can be itemized as follows: 20.00 taxi fare- Transportation Expense 35.00 bond paper and paper clips - Office Supplies 30.00 parking fee penalty - miscellaneous If you have question, you can post in the comment. Business,marketing,Entrepreneur,Entrepreneurship,Accounting for Small Business