Receiving Statements Online

Businesses are encouraging their customers more and more to opt for receiving statements and, just as important, invoices online rather than in the post. The problem with this is that you need to realise that you might not have access to uploading them to form part of your accounting records for very long. Some businesses are only allowing you access for just six months and generally it is believed that many organisations make them available for about fourteen months.

Apart from that, customers who close their account may lose their online access straight away.

If you are running a business you might not start gathering up your papers for several months after the ‘year end’ by which time some invoices and statements may no longer be accessible online.

Where information will be needed for the accounts and tax return please upload it and store it REGULARLY.