When an increasing number of Finance Professionals is turning into invoice processing automation and digital record keeping, it is important that these professionals have present that HMRC does not specify any rules on how they must keep records, leaving it up for companies to decide if whether or not they want to go PaperLess.
According to HMRC, documents can be kept on paper, digitally or as part of a software program. The important thing is that records are kept accurate, complete and readable, otherwise HMRC can charge penalties, so make sure you store your documents in a digital format and well organized making sure that you can have easy access to them.
Well, for companies using Sage 50c, Sage 200c, Sage 200 Standard Online and Sage 200 Extra Online users the choice has been PaperLess Document Management Software, a Sage Authorised Software for Sage 50 and Sage 200 that is allowing thousands of Sage users to easily process and keep their documents properly stored and organized. The Sage Platinum Developer Partner solution, PaperLess software, is a powerful document management solution with build-in OCR that integrates seamlessly with both Sage 50 and Sage 200 allowing accountants and finance professionals to easily manage all accounting and non-accounting documents having them directly linked to transactions in Sage.
Besides being a Sage Platinum Developer Partner, 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 Sage 200.
Well, because the seamless integration between PaperLess and Sage gives Sage users access to a lot more that what traditional document management systems offer. With PaperLess software, Sage users can have all data extracted and posted to Sage with documents automatically linked to Sage transaction lines, something that only a Sage Platinum Developer Partner like PaperLess Europe can offer.
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