keeping records

[r.bartlett]

Having a discussion at work about our systems and processes and the comment was "we have to print and keep a paper version for the tax office for 5 years"

Now whilst I agree that always used to be the case but I wonder if a CD is acceptable in these modern times..

Any advice welcome

Cheers

Richard

 

[noseall]

a c.d. cannot replicate or be legally 'on the same page' as a bank statement, signed receipt or invoice, can it?

surely not??

 

[dave.m]

Take a look here:
http://tinyurl.com/38forh
scroll down to .....
3rd PARTY REQUIREMENTS on page 3.
dave

 

[r.bartlett]

Cool, manay thanks

Richard

 

[dave.m]

Cool, manay thanks

Richard

Get to work on Friday and you could possibly win all your beer for the weekend.
dave

 

[r.bartlett]

As the boss I get to buy the beers

However we are very olde worlde in our methods and this is one of the big changes we're looking at

Cheers

Richard

 

[Anteaus]

At least CD's don't start fires. I've seen one case where boxes upon boxes of paper piled on top of IT equipment did. In quite a few firms there's an ongoing battle between IT guys/electricians and the accountants to keep this stuff out of equipment-rooms -Turn your back for a few days and the 'flytipping' starts again!

The main point with any electronic system (which the link mentions) is the need for rotational backups. A single backup is no good.