Today AccountingWeb published a feature "Is a paperless office right for you? [2]"

The article suggests that going paperless might not be right for all entities due to costs and resources, but it still may be beneficial to go "semi-paperless". The Hyperlink connection in Excel is essential to going semi-paperless.

The Hyperlink is found under the insert tab.

Follow the call-outs in the following diagram to link a cell in an open spreadsheet to another file.

[3]

The hyperlink will appear with the following cell style:
X:\monthly close 09\05\15100 QLS 09 05.pdf

I have essentially taken the entire accounts receivable process paperless. Most of our deposits go into a lockbox. I can access the lockbox via the internet, and download PDF files that contain a copy of the check and the remittance advice which provides the invoice detail for the payment. Then I download the summary into an Excel file and add a column to link the PDF detail.

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Now I have the detail to enter the cash payment into the AR system, and access is just a click away in case a question from the customer comes up at a later date.

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There is nothing to get hyper about when going paperless in Excel.