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
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
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
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
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
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
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
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
In the excitement of setting up a new business, one of the key forecasts of profitablity in the planning process is often overlooked. Breakeven analysis is a really interesting tool in planning for profit, because it allows business owners to calculate how many sales they need to achieve in order to cover all their costs. It is the point at which the revenue of the business equals the costs of… Read more
Are you battling with that old cash register or with clunky old POS system? Are you ready to lift your game and get with the times? Kounta is a Cloud based system that is easy to setup and get start trading almost immediately. The best part is that it allows you to use it on iPad, Android Macs or even your existing computer. It links seamlessly with hardware and provides… Read more
[Image: MYOB]It’s been a whirlwind couple of weeks attending two of Australia’s national conferences MYOB PartnerConnect and Xerocon. At MYOB PartnerConnect our business 2 Peas Pty Ltd was once again awarded the Victorian Top Sales Partner and National Top Sales Partner for 2014. This is now 6 consecutive years in a row. Woo Hoo!! Both events were presented to bookkeepers, accountants and certified consultants Australia wide. The event hosted an… Read more
In the past, businesses used server-based systems for their accounting and operations. The systems were either huge packages that cost the same as our national debt or were standalone systems that didn’t integrate with any other system, required duplication of entry and were prone to human error. These systems were propped up by a multitude of spreadsheets, to compensate for the shortfall in functionality provided. With the advent of cloud-based… Read more
The Operations Centre enables the users to see the entire history of interactions and interrelationships with: Customers Suppliers Specific customer assets – for example, serial number tracked assets that may be serviced by the business Sales Manufacturing Jobs Purchasing In the screen below, the user has selected a specific customer and time frame. On the left hand side of the screen appears a list of every interaction with the client… Read more
Many businesses start out by buying accounting software, and then use it to run their operations…keeping inventory control, managing the sales and purchasing orders, billing their customers, collecting payments etc. However, as businesses grow, the complexity of their operations also grows and there is a need for software that will manage these processes. Ostendo is one such type of software, integrating with accounting software such as MYOB, Quickbooks, Xero and… Read more
Yes, it’s true. We ARE MYOB tragics…we have been working with the software for over a dozen years, and have helped thousands of clients to use the software in the best way to suit their business. We think we know just about everything there is to know about MYOB. One of our favourite tips in MYOB is how to find particular transactions. How often would we get a call from… Read more
The revolution of CLOUD accounting has brought so much value to the world of business. The market offerings are getting better by the day. Cloud brings enormous flexibility for business as well as collaboration between business owners, bookkeepers and the accountants. The introduction of live bank feeds by software providers also improves accuracy of data which bring further efficiencies. Flexibility You now have the flexibility to work anywhere anytime from… Read more
We are almost at the end of another fabulous month and once again 2 Peas were invited to take part on a popular Sydney radio station called Eagle Waves Radio in the heart of Sydney. The studio was located on busy George Street Sydney inside a popular café called Vivo. It is the creation of passionate small business advocate and multi award-winning business owner Angela Vithoulkas. Angela’s passion is to… Read more
“Doing the BAS” is one of the real low points of business ownership for many people. Business Activity Statements are complicated and time consuming to prepare, taking you away from more important business tasks – or eating into your personal time! Unless you’re an expert, you’re probably going to pay more than you really need to. Worse, you could mess it up and underpay your taxes. The Australian Tax Office… Read more
I was excited to be invited to take part in a MYOB live webcast presented by David Koch of Sunrise and Business Builders on Tuesday in sunny Sydney. Joining me on the expert panel to discuss ‘Cashing in on the Cloud’ was MYOB CEO Tim Reed and Smithink 2020 director David Smith. What a fabulous experience it was to meet one of my favourite celebrities in David Koch. A true… Read more
Cloud accounting technology is revolutionising how business operates and as MYOB consultants and bookkeepers we’re at the forefront. So we’ve decided to launch a monthly email newsletter tailored to help you understand the latest and greatest in cloud accounting and bookkeeping. The newsletter will feature a handful of the best articles on the topic that we’ve come across during the month as well as a monthly cloud accounting tip and… Read more