Hi Adrian
Thanks for the suggestion but that doesn't address my biggest concern.
I have adopted the new methodology of attaching digital copies of the invoices,etc, to the bank transaction that paid for that expense. What I mean is I have no physical copies of expenses, only the digital ones stored in my MYOB file. If I am required to substantiate an expense I will have nothing without those digital invoices.
May I infer from what your saying, that if I want those digital invoices to be accessible for another 4 years, I will need pay for a MYOB subscription for those years?
Thanks
Peter
Hi Riversea
This is where some online accounting comes unstuck! If you are using Essentials, this is online only, so there is no file for you to backup - your only option is to print off reports and export whatever data you can.
Within a few months of subscription ending, MYOB delete the online data and it can no longer be accessed.
With attached receipts, these are stored separately on MYOB's servers, and you will need to download copies to your own computer. With AccountRight same applies. These are not included in a backup. MYOB can provide AR users a 'dump' of all online attachments, they may be able to do the same thing for Essentials users.
Regards
Gavin
