Page 216 - Accounting Best Practices
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                                Summary
                                practices covered how to use a computer system as the logical storage location
                                for information, rather than a filing cabinet. This second alternative is the pre-
                                ferred approach, since it gives everyone with computer access the ability to call
                                up a document without any risk of damaging or losing the information on the
                                digitized document. However, there are a number of steps that a company must
                                take to ensure that information is properly stored on its computer system and
                                that the system is sufficiently operational during working hours to act as a
                                proper substitute for a manual filing system. Thus, the best practices described
                                in this chapter cover the two main filing alternatives—the filing cabinet and the
                                computer system.
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