I have 4 bins:

In-Bin...doubles for homework/classwork.

Notes from Home

Traveling Folders

Going Home
Mine are placed on a shelf within reach of my desk. Students are trained to come in and place everything where it belongs, ex: Take notes from home out of their traveling folder and place in the Notes from Home Bin. While they are writing in their journals, I can do attendance, read notes etc. I often leave HW check for prep time.
The Going Home Bin is for any papers I want to send home that day (or next day for absent students) or other teachers who need to send things home such as Guidance Counselor, Speech therapist, etc. Traveling folders are distributed by student helper at end of day with all the papers going home or things from office.