How do I prepare for STP?

STP Reporting timelines STP (Single Touch Payroll) for is now upon us for employers with 19 or less employees not just those with 20 plus employees. Employers with 20 plus employees that qualified commenced reporting STP as of 1 July 2018, whereas smaller and micro businesses are now expected to get themselves STP-ready come 1 July 2019. The Australian government has just announced “Treasury Laws Amendment (2018 Measures No. 4’…  Read more

Cash flow is the life line of any business, what are you doing to increase yours in 2019?

With the New Year well and truly upon us, this is the time for business owners to take a stronghold of their cash flow. It is so easy for SME’s to continue running their business and not take the time to stop and review how their business is actually performing. Whilst some business are performing well, there are others that are struggling with their cash flow. As advisors we love…  Read more

How much does your paper shuffling cost your business?

It always amazes me when working with our client’s businesses how many of their offices are still dealing with a paper jungle.   Many small businesses seem to be behind the times and are paying accounting staff to paper shuffle piles of supplier invoices and credit card receipts. I can quickly ascertain how outdated some business system are by the stacks of paper and filing cabinets in their office, including…  Read more

Are you still on old desktop MYOB software?

Do you have a contingency plan when MYOB discontinues supporting their desktop MYOB Classic V19 and below? From 30 September 2019 MYOB have announced they will be discontinuing support of AccountRight Classic commonly known as V19 and below. What does this mean for you? MYOB will no longer provide: New Features Patches Compliance updates Technical product support Updates for any future Windows operating systems You may think you can live…  Read more

The Brave New World of Bookkeeping!

From traditional bookkeepers to business advisors Traditional bookkeeping was a matter of recording lots of data and then reconciling it, to make sure it was accurate. With more artificial intelligence (AI) appearing in our accounting software, the traditional role of the bookkeeper is being replaced by automation. At 2 Peas, we embrace the changes to the industry. We see our role changing from being traditional bookkeepers to being advisors to…  Read more

Are you ready for STP yet?

STP Reporting STP (Single Touch Payroll) is not too far away now for those employers with fewer than 20 employees. The Australian government is forging ahead with plans for employers to report STP come 1 July 2019. “Treasury Laws Amendment (2018 Measures No. 4) Bill 2018” has been passed by the House of Representatives and the Senate – and although it needs to go back to the House of Representatives, it…  Read more

MYOB AccountRight Latest Update

Have you upgraded yet? MYOB’s latest update of AccountRight 2018.4 has some amazing enhancements for users. You now have many more benefits with these enhancements and new features. Some of our favourites are: Attach Documents They have just released the feature we have all been eagerly waiting for! Attaching a document to “Spend Money” transaction and “Card List”. This is a fantastic new feature to help your office go completely…  Read more

What’s new in Xero plus our latest hot tips

With the New Year just around the corner, we have decided to reflect on the latest Xero update. If you are still getting your head around the new Xero layout, don’t worry we have a few tips for you! Navigation menu Xero gave us all a big surprise when we opened the updated version of the navigation bar last month. The bar is now compressed into six columns; Dashboard, Business,…  Read more

Awards, Awards and more Awards!

2 Peas was proud to win 3 major MYOB awards at the recent Partner Connect Conference in Melbourne’s Hisense Arena. We were thrilled to win the ‘Innovator of the Year’ award. This was recognition of the range of cutting-edge software that we work with, in order to improve our clients’ businesses. Plus our ability to help our clients fully utilise the functionality in MYOB Accounting software – the bank feeds,…  Read more

What is the most Innovative business across Australia?

It’s official! 2 Peas was thrilled to be named the most Innovative Business Australia wide by MYOB, at the recent MYOB Partner Connect Gala Dinner 2018. Why did we win the award? It’s due to what we do for our clients. It is our passion to provide the best tools to our clients to help them run their businesses more efficiently and profitably. We work with a range of softwares,…  Read more

Create a Seamless Experience with Receipt Bank

Every business needs to manage their costs and we are aware of the time you can spend on your bookkeeping. We believe that your time is valuable and should be spent on building your business. That’s why we have adopted Receipt Bank for our clients. It helps clients to process transactions with little effort, leaving you with more time for the important stuff. Automation is transforming the future of bookkeeping…  Read more

Accounting Apps and Add-ons – Where do I start?

How to Choose Your Accounting Apps or Add-Ons Finding and implementing the right accounting Apps or Add-Ons for your business can be an overwhelming task. The technology landscape is so fast moving and sourcing the best apps or add-on software is no way an easy task. At 2 Peas our passion is to help guide our clients to ensure they have the right information systems in place to effectively support…  Read more

Upcoming webinar: How to Choose the Right Accounting Add-ons for Your Business

You are invited to join our upcoming webinar! The award-winning 2 Peas team are experts at selecting, implementing and training on cloud-based accounting, POS, ERP and add-on solutions. In this webinar, I will be talking you through this process from start to finish including: Understanding your business’s needs and functions; Finding and researching possible add-on solutions; Selecting and implementing new add-ons within your business. Don’t miss this opportunity! Learn how…  Read more

Are you ready for Single Touch Payroll Yet?

From 1 July 2018, employers with 20 plus employees (as at the head count from 1 April) will be required to report payroll information to the ATO using software that is STP compliant.  Although this is a big change for business MYOB, Xero and QBO have assured us their software will be ready for businesses to report STP if eligible. For those businesses that have less than 20 employees reporting…  Read more

Impos – Hospitality Point of Sale Solution

Are you looking for a robust Hospitality Point of Sale solution? Whether you are running a restaurant, a bar, a food van, a café, a bakery, a winery, nightclub or other type of hospitality venue, IMPOS has a solution right for you. Here are 5 reasons why you should power your venue with Impos Finding the right point of sale solution for your hospitality venue can be challenging. With a…  Read more

End Of Financial Year Tips 2018

With 30th of June fast approaching, are you prepared for end of financial year?  Each year seems to come around faster than the last and although we tell ourselves there’s plenty of time, before you know it it’s upon us yet again!  So now is the time to start tidying up your accounting file and getting ready. Thank goodness for online accounting software!  It’s never too late to have your…  Read more

Ostendo Year End Health Check

With year end rushing up, it is time that Ostendo users start preparing their files to make sure that the figures you are reporting are as accurate as possible. Here are 10 tips for making sure things are in order: Remember to take a back-up of your Ostendo file on 30/6/18 Remember to do a stock take as close to 30/6/18 and print off the Inventory stocktake report and the…  Read more

Single Touch Payroll – A step by step guide to help you prepare your MYOB software for STP

Prepare your MYOB software for Single Touch Payroll   The first thing an employer needs to do is to conduct a head count of the staff on 1st April including your casual, part-time and full time staff.   You can exclude casual workers who didn’t work during the month of March 2018.    Also, exclude directors and contractors. If you have more than 20 staff you need to prepare for Single Touch…  Read more

MYOB and Xero users get paid faster with free online payment system

Faster payments with free online payment system In the 2015/16 financial year, Australian businesses recorded an estimated $321 billion in income from orders via the internet. You don’t need to be an e-commerce business to jump on board the online payments bandwagon. Accepting money online works in every business: • Your customers can pay their invoices at a time that’s convenient to them • Customers can use their credit card…  Read more