Any CFOs still question whether or not HMRC agrees with companies keeping all records in a digitial format and no longer keeping paper copy of the invoices, something that is key for any company wanting to go PaperLess.
So, what is HMRC policy on Digital Record Keeping?
Any CFO looking at HMRC website can easily see that for HMRC companies can keep accounting records on paper, digitally or as part of a software program as long as those records are accurate, complete and readable. It is really up to companies to decide how they want to store invoices. All they need to make sure is that invoices and accounting data is kept accurate, complete and readable.
This information makes it clear that from HMRC’s side there are no problems on implementing a digital invoice management system and getting a PaperLess Accounts Department. In fact, going PaperLess also has the advantage that you can easily backup all your documents, meaning that the chances of losing them are much lower than if you only keep a paper copy.
Click here to check what HMRC says about digital record keeping
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Take a look at the video below to learn how to get your PaperLess Office for Sage
How to get your PaperLess Office for Sage?
With HMRC’s position clear, it is time to learn how to get your PaperLess Office for Sage. In order to achieve this, all Sage users need to do is to implement PaperLess Document Management Software, a Sage Addon Software that makes it possible for Sage users to automatically digitise, scan and capture invoice data.
At the same time, PaperLess Addon for Sage also automatically attaches invoices to Sage so that Accounts Teams do not have to spent time on manually archiving invoices. Invoice retrieval only takes a few second and all you need to do is a invoice lookup from Sage transactions lines.
By implementing a PaperLess Office for Sage, Sage users ensure that all invoices are kept accurate, complete, readable and easily accessible. This makes them compliant with HRMC Guidelines on Digital Record Keeping while automating invoice processing within the finance function.
Automating AP Processes with my PaperLess Office for Sage?
PaperLess for Sage brings together automatic invoice recognition, online invoice approval and automatic matching and closing of purchase orders. A powerful set of invoice processing automation features that fully automates accounts payable processes.
Such automation features are one of the many reason why thousands of Sage users are choosing PaperLess to manage, process and store all their invoices.
Only PaperLess makes it possible to get automatic data capture for Sage with automatic upload of invoices to Sage. This way, Sage users do not have to spend time neither on manually inputting invoices to Sage nor or manually filling invoices, PaperLess does it all in a fully automatic manner.
Click here to learn more about invoice processing automation for Sage and find out why thousands of Sage users are choosing PaperLess to automatically process invoices with Sage.
