Do I need to keep a paper copy of my Invoices? What’s HMRC’s position?

Click here to find out more about Sage Developer Platinum Partner - PaperLess EuropeUnlike what many Finance Professionals think, HMRC does not specify any rules on how you must keep records. You can keep them on paper, digitally or as part of a software program like a document management system.

In fact, HMRC can charge you a penalty if your records are not accurate, complete and readable so make sure you store your documents in a digital format and well organized making sure that you can have easy access to them.

Besides ensuring that documents are readable and easily accessible, many finance professionals are implementing document management system to also achieve higher efficiency levels across finance departments by reducing the need to manual data input and save time on document storage and retrieval.

 

Click here to check what HMRC says about keeping digital records or Click here to visit PaperLess Website

Clcik here to find out more about PaperLess Document Management Software

Sage 50 and Sage 200 users can keep all their documents properly stored and organized with the Sage Platinum Developer Partner solution, PaperLess software, a powerful document management solution with build-in OCR that integrates seamlessly with both Sage 50 Accounts, Sage 50c, Sage 200c, Sage 200 Standard Online and Sage 200 Extra Online allowing accountants and finance professionals to easily manage all accounting and non-accounting documents having them directly linked to transactions in Sage.

Click here to book your Free Online Demo of PaperLess Document Management

Besides being a Sage Developer, PaperLess is also listed on HRMC Record Keeping Software Providers List, which presents to users a number of software suppliers that have produced simple record keeping applications to help accounting professionals manage their documents and, in the case of PaperLess software, to have those documents directly linked to transactions in Sage 50 and in Sage 200.

Click here to Book Your Free Online Demo of PaperLess Document Management

Book Online Demo

Ask now for your free online demo and in 20 minutes you will find out how PaperLess software allows companies to effectively archive and link all documentation directly to their accounting transactions. See also how Automatic Invoice Recognition associated with powerful workflow features automates the entire process from the moment documents are receive until they are posted into your accounting package.

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