Although entering each chip you acquire into a database is certainly an orderly way of collecting, I find it way too much work, and would take away a lot of the fun of collecting. If you are only going to collect a few hundred chips (ever) it may be fine, but a collection of multi-thousands of chips would require weeks of work to enter and maintain.

For sizeable collections, making periodic scans of the plastic pages in a binder is the best way I've found to keep track of what you have. You can scan a page of chips in a minute or so and store it on your computer. If you bring a computer or some electronic viewer with you to shows, you can see your collections just as you have it arranged at home. It's also nice to see the actual colors of each chip, rather than try to interpret a word description from a database.

This also gives you an opportunity to actually look at each chip in your collection, even if only briefly, while you scan.

How you store the chips in the plastic pages is another matter of preference. I use 30-pocket pages and insert the chip directly into the pocket. Others prefer using 2x2 cardboard holders and writing history of each chip on the holder. Your collection will take 50% more pages if you use the 20 pocket solution, as that's all you can fit on a page. Some will tell you contact with PVC will damage your chips; I haven't found it to be a problem in 15+ years of collecting.

Just my personal preferences.