Paper vs. Electronic
In an electronic world when is it best to still have a piece of paper?
It’s an ever growing trend; we have our phone bills emailed, our bank statements are online, our appointment reminders sent in a text message and our diaries electronic. Our lives are scheduled in the cloud. However, with all of these mediums are we remembering to log in and access this information?
In the world of Tax, myGov has come a long way in the last couple of years and is proving to be a valuable tool for keeping our health records and Tax information in one place. Many of us have been encouraged to utilise the electronic platform but who of us can say we think to login and keep up to date with any commitments?
Is it more beneficial to have a piece of paper or an electronic record?
- Easy storage. Takes up little to no space.
- Ability to back up multiple copies.
- No software licence required.
- Tangible documents.
- Generally considered safe from being accessed by others.
Although considered outdated, when it comes to financial commitments is the post-delivery still the best reminder? This leaves us with a tangible document to action. The physical presence can sometimes mean the difference between paying the bill on time or receiving that pesky overdue fee.
Paper records continue to survive for a number of reasons, although the trend continues to move toward electronic records as the norm. Given this trajectory, plans need to be made for managing both kinds of records effectively.