Good record keeping is the mainstay of accounts management. It helps you meet compliance obligations and provides verification for all business transactions. The Government requires relevant records to be kept for at least 5 years.
Why Go Digital?
- Accessibility — access your records from anywhere, on any device
- Security — cloud storage with encryption is more secure than filing cabinets
- Searchability — find any document in seconds instead of digging through folders
- Automation — tools like Dext and Hubdoc snap, extract and code receipts automatically
- Compliance — the ATO accepts digital records as long as they’re legible and complete
Getting Started
- Choose a cloud accounting platform (Xero, QuickBooks or MYOB)
- Set up a receipt capture tool (Dext, Hubdoc or the app’s built-in feature)
- Establish a consistent naming and filing system
- Scan and upload historical paper records
- Train your team on the new process
We help businesses transition from paper to digital every week. Get in touch and we’ll make the switch painless.