Tax Time Deadline: Review Your Accounts And Reconcile Now

This post first appeared on the MYOB blog titled ‘Countdown to tax time: Review debtor accounts, creditor accounts and reconcile‘. Let the countdown begin! Online accounting software has now revolutionised the way bookkeepers and business owners manage the accounts and prepare for End of Financial Year (EOFY). Products such as MYOB AccountRight and MYOB Essentials have made this all too easy. EOFY can be stressful, particularly for those who don’t…  Read more

End of Financial Year Preparation – Key Dates to Know

Here we go again…another financial year end. Here are some important dates to help you manage your way through the minefield of payroll and financial year end.   During May Your accountant should have a look at your financial data, to help with any tax planning strategies for year end. If you are using MYOB AccountRight Live, MYOB Essentials, Xero or Quickbooks Online (QBO), your accountant can be given access…  Read more

Reduce Your EOFY Stress With These 7 Tips

We are counting down to end of another financial year, and we all know how much work is looming in July. So here are some tips to help you get ready in advance to reduce your stress levels and your work levels. If you need any extra help around financial and payroll year end, you can call on us. Speak to your accountant and send your financial statements to them…  Read more

MYOB Pay Superannuation: Take The Stress Out of Super Obligations

This post was first published via the MYOB website titled ‘Managing Superannuation Obligations ‘ and written by our own Renae Peterson. There are many good reasons why businesses should be taking advantage of a fully integrated online accounting and payroll system, such as MYOB AccountRight Live, or upgrading their old AccountRight Classic files to AccountRight Live. One of my favourite features is Pay Superannuation – seamless, easy to use, and…  Read more

Save Time & Improve Profit – How to Choose your Bookkeeper

Bookkeepers are an integral part of any business – they can either make or break your business. Making sure you take the time to hire the right person for the role is crucial. So – how do you achieve this? Here are five things to look for when hiring the right business bookkeeper.   1. Organised, process driven and efficient A good bookkeeper must understand your industry, your business processes…  Read more

Run Your Business More Efficiently

Book your Free software demo and see how to – Avoid running out of critical stock, automate the ordering process, manage jobs & assemblies and much more. Book a Free Demo Name* First Name* First PhoneChoose a demo type*Demo typeMYOBXeroQuickbooksOstendoFreewayMYOB AdvancedCalxaNDISKountaRetail ExpressIndustryIndustryConstructionEducation & TrainingEngineeringFarmingGovernment and DefenseHealthcare & MedicalHospitality & TourismManufacturing, Transport and LogisticsFood and BeveragesReal Estate and PropertyRetailSport and RecreationTrades and ServicesOtherEmail* CommentsEmailThis field is for validation purposes and should…  Read more

Ostendo Updates You Ought To Know About

Ostendo is operational software designed for businesses that have complex inventory, manufacturing and job/project/service type requirements. There have been some very exciting features released for Ostendo in recent months. Here are just a few of them.   FREEWAY We are finding that Freeway is perfect for job based businesses with staff on the road. Freeway is a free app that integrates with Ostendo. It is designed to manage jobs and…  Read more

POS Software Review: Retail Express

Have you outgrown your current POS software? Do you need more reports? Or just not enough clarity to make important decisions for your growing business? I would like to introduce you to ‘Retail Express’. It is the first cloud-based platform in Australia and continues to be the leading provider of retail management software for growing retailers from 1 to 100 stores. Retail Express provides a very comprehensive cloud-based product that…  Read more

Understand the Key Factors Impacting on Your Business Success

Looking to improve your business success? As a business owner, you’re already aware of the areas you could focus on to improve your business. Before you start implementing changes to improve your business, it’s a good idea to make sure you have a full understanding of the factors impacting on your business success. Get up and running with these six powerful tips:   Create a business plan Business plans can…  Read more

The Questions You Need Answered About Managing BAS and GST

This article first appeared on the MYOB Blog titled ‘Managing BAS and GST‘. BAS stands for Business Activity statement. All Australian businesses that have revenue of over $75,000 (except for not-for-profit organisations which can be over $150,000) are legally required to fill in a Business Activity Statement and report to the Australian Taxation Office. How often do I need to do a BAS? Usually businesses just starting up would report…  Read more

12 Factors You Should Consider When Choosing Add Ons For MYOB And Xero

The world of Accounting software and Add Ons is growing and developing rapidly. And businesses are enthusiastically entering this world. Add Ons are allowing businesses to automate and streamline their processes, as the add-ons provide the specialisations that accounting software don’t. There is a huge range of Add Ons that provide for many different business specialisations – such as webstores, staff rostering, staff time capture, complex inventory management, Point of…  Read more

Why You May Need An Inventory Management System

When a business first starts, it may use a spreadsheet to track its purchases and sales of stock. But it doesn’t take long for a successful business to outgrow spreadsheets, as this is a labour intensive method of dealing with stock that is rarely “real time”. Most businesses will start with an accounting software that has an inventory management system included – such as MYOB AccountRight and recently Xero. As…  Read more

Tips To Save Time and Money When Paying Employees

Do you want to reduce your costs? Are you finding you are doing things the long way and not too sure how to create better efficiencies with the administration part of your business? Here are a few tips to help you with these goals, when using AccountRight Live or Premier for payroll. Ensure that you setup all your payroll categories correctly. If you follow a specific award structure you will…  Read more

Tax Return Tip: Review your accounts before EOFY

It’s that time of year again. Have you had a chance to review your business to see how you are performing? Are you simply just too busy? Being busy doesn’t always mean you are profitable. In order for your business to grow it is imperative to analyse performance as you go. And reviewing the accounts before the end of the year is a wise move. It is easy now for…  Read more

Scheduling Your Staff Made Easy With Ostendo

Ostendo has just released new features to its jobs and manufacturing work flow. In particular, the new assignment board is going to be a boon to business. What does an assignment board do? It enables a supervisor to easily and quickly see all work that is required and to work out what should be done when and by whom. The assignment board lists all the manufacturing orders due in the…  Read more

What You Should Know About Invoicing

This post by Pam has also been published as ‘6 things you need to know about invoicing‘ on the MYOB Blog. Since the introduction of GST 15 years ago, businesses across Australia have been issuing and receiving tax invoices. Are your tax invoices compliant? Are you aware what the Australian Tax Office requirements are for invoicing? There are still many business sending and receiving invoices that are not compliant. If…  Read more

Making Your Tax Easier by Preparing in Advance

We are fast approaching the end of the financial year, so it is time to start preparing. Here are my 14 top tips for making your end of financial year easier for you and your accountant. 1. Call Your Accountant The most important thing, at this time of year, is to call your accountant and make a booking to review your year to date financial position. There is still time…  Read more

5 Accounting Add-Ons Retailers Ought to Know About

By now, it has become clear to businesses, including retailers, that the cloud is not simply a fad, it is a business computing model that is here to stay. According to a survey conducted by KPMG International, 70 percent of the respondents are confident that the cloud effectively delivers multitudinous efficiencies that ensure cost savings. There is a great deal to gain for retailers who move their POS and accounting…  Read more

What you ought to know about MYOB’s new updates

We return from the recent MYOB Roadshow with good news. MYOB has released some exciting new features that will streamline the bookkeeping process further and drive more business efficiency. In particular, the Smart Bills feature is a huge innovation…enabling businesses to automatically receive, store and link electronic formats of bills into their MYOB Essentials and MYOB AccountRight Live software, and have the program record the details of the bill. This…  Read more

Looking for More Payroll Work? Here’s what you need to know

Experience outweighs Education in Australia! A recent study of Australian businesses recruiting for payroll specialists has shown the experience in using payroll software is an extremely important criteria for businesses looking for payroll staff. In fact, in the study 87% of businesses advertising for payroll staff had a criteria of past payroll software experience while only 3% required any form of certification in payroll. So while we (as bookkeepers and…  Read more