[LINK] Record Keeping in the electronic environment

[Marghanita da Cruz]

Reading from my hardcopy version of Activity Statement update 2008-09 Q1:

"Record Keeping in the electronic environment
Taxpayers are generally required to keep records for a minimum of five years. If
you use electronic records, use storage media with a minimum life expectancy of
five years. If your bookkeeper or other third party keeps your records, make
sure they are aware of this advice"

I would guess it is the electronic version of this single sheet a4 double sided
paper that is available as a 1MB pdf! here:
<http://www.ato.gov.au/businesses/content.asp?doc=/content/00162753.htm&pc=001/003/001/002/007&mnu=4715&mfp=001&st=&cy=1>

While I am well aware of the compatibility problems with versions of MSWord are
there also problems with MSExcel? Though ofcourse the critical one is PDF invoices.

Marghanita
-- 
Marghanita da Cruz
http://www.ramin.com.au
Phone: (+61)0414 869202