Choosing a record-keeping system
You can keep invoicing, payment and other business transaction records electronically or manually. The principles are the same for each but keeping your records electronically will make some important tasks easier. If you intend to use a bookkeeper or accountant, get their advice about the best system for you – choose a system you can understand and operate easily.
A range of commercial software is available. You should consider systems that enable you to report electronically to us.
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You can record the information from your business transaction documents either electronically or manually. Each system has advantages and disadvantages and basic record keeping principles and practices apply, regardless of whether you keep manual or electronic business records.