Going paperless can offer a range of benefits for your business, including quick access to your transaction history, less time spent filing paperwork and an easier tax time.
1. Instant access
Immediate access to your statements can be useful if you need to:
- Check details of a transaction
- Send electronic copies of a statement
- Free up space in your home or office – CommBank customers can access the past seven years of statements online.
2. Save on fees
Some financial institutions charge a fee for paper statements. If you’re still receiving statements in the mail, think about going paperless before your next statement is posted to save some money.
3. Keep information secure
If you’re storing years of paper statements, you could easily misplace or lose one when moving offices. Switching to e-statements means you securely store them on your bank’s online storage system, and also back them up elsewhere.
4. Make tax time easier
Going paperless can be a smart first step towards simplifying your tax reporting. If you’re a CommBiz or NetBank customer, check out the guide below to get started.