Going Paperless: It's Easier Than You Think


Updated February 14, 2018

Moving to a cloud-based system isn’t the only thing you can do to streamline your everyday accounting operations. Going paperless can help you save time, hassles, and trees all at the same time.

You’re probably already using paperless tools to some degree or another in your daily life. But if you’re just getting started with your business, here are a few quick ideas to get you rolling:

  1. Enroll in paperless statements for your bank and credit card accounts.
  2. Sign up for e-bills with as many vendors as possible (especially recurring expenses like your cell phone bill, internet service, monthly utilities, etc.).
  3. Pay for as many expenses as possible using your business credit card or debit card, then download those transactions directly into your accounting system using bank feeds.  
  4. Use your bank’s online billpay service instead of writing paper checks.
  5. Email PDF invoices to your customers and make it easy for them to pay you electronically (by ACH/electronic transfer or credit card).
  6. Get a cloud storage account (Dropbox, Box, Google Drive, etc.), create a folder called “Accounting” (with sub-folders as needed), and put all your records there. This will serve as your digital filing cabinet and help you keep everything in one place.
  7. If you use proposals or contracts a lot in your business, consider using an e-signature solution (there several good ones out there).

All in all, the goal isn't to eliminate paper entirely. But the fact is most businesses can be 80% paperless without much effort. It saves tons of time and makes it far easier to stay organized, so you can spend your time and energy on the other things besides admin work.

Legal stuff: This information is provided for educational purposes only and does not constitute advice for your specific situation.

William Keller