I have my students turn in papers into a hanging filing pocket chart. However, the trouble is figuring out who has already turned in a paper and who is still working.
I have my students take down a magnet from the board right next to the pocket chart as soon as they turn in their paper.
That way, I can very quickly glance up to the board to see how many students are still working.
This year, I made glass pebble magnets. You may pick up the template over at my blog.