Record keeping for small business
http://www.ato.gov.au/businesses/content.aspx?menuid=0&doc=/content/76494.htm&page=13&H13
Storing paper records electronically
Whether you use a manual or an electronic system, you can store and keep paper records electronically.
We accept the imaging of business paper records onto an electronic storage medium, provided the electronic copies are:
- a true and clear reproduction of the original paper records
- kept for five years
- capable of being retrieved and read by us at all times.
You don’t have to keep original paper records once they have been imaged onto an electronic storage medium.
| For more information, refer to: |
| Basic record keeping principles and practices apply, regardless of whether you keep manual or electronic business records.You can apply the principlesoutlined in this guide to either a paper cash book, or an electronic spreadsheet or package. |
Sections within Electronic record keeping requirements
