Do you know your break-even point?

All business owners need to be aware of their break-even point — that is, the number of units they need to sell in order to cover their operating costs. Once you’ve reached your break-even point, it’s time to celebrate: your business is no longer in the red, and you are officially earning a profit. This article will show you how to calculate your break-even point so you can make wise…  Read more

End Of Financial Year Tips 2019

Can you believe it’s almost that time again? EOFY! 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 keep thinking there’s plenty of time, before you know it there it is yet again! Now is the time to start tidying up your accounting file and preparing for a more stress free end…  Read more

Email: The productivity killer

Remember when email was new and novel, and everyone thought it would vastly improve communication while freeing up time? It did improve communication on some levels and freed up employee time at first. Now, however, email has become a productivity killer. Workers have to wade through hundreds of emails in their inbox each day, and many people choose to deal with email as it comes in rather than all at…  Read more

Are you ready for Single Touch Payroll?

Do you have employees? Are you prepared for STP?  If not, now is the time to prepare as 1 July is fast approaching. By now you may have heard the buzz around Single Touch Payroll. It’s a pretty big deal for any business that has employees. So…here is what do you need to know and how it affects you and your business: What is Single Touch Payroll? Single Touch Payroll…  Read more

Signs it’s time to upgrade systems

Most small business owners can’t afford to think small. They always need to keep their mind on growth strategies to help them achieve long-term profitability. But becoming profitable in the first place often requires business owners to work long hours on a shoe-string budget. They don’t always have time to implement systems that will support them when they’re ready to scale. It’s not uncommon for entrepreneurs to use free or…  Read more

Smart money tips for business owners to stimulate their business.

Small business owners know how important it is to save money. They know that one day that dollar could come in handy, especially during slower times. Saving money is definitely important, but there are also things small business owners can – and should – spend their money on today. It might seem counterproductive to spend money when you want to put it in the bank – and make no mistake,…  Read more

Three ways to speed up invoicing

Everyone likes making money, especially small business owners. Invoicing, however, is typically one of the tasks that small business owners like the least. Chores like creating and sending invoices get set aside for other duties that are seen as more enjoyable or even more urgent. You tell yourself you’ll get around to it tomorrow, but tomorrow becomes next week, next week becomes next month, and suddenly you realise your client…  Read more

How we helped save Spencer & Co hours of time

Streamlining Hospitality Businesses Pam Madytianos sat down with Carmel of Spencer & Co and the team at MYOB to look at the improvements that have been made in their business so far. Watch the video to listen for yourself. Spencer & Co used to waste 30 hours a month in creating spreadsheets. They just wanted something easy to use that wouldn’t take as much time, so they turned to 2…  Read more

Catch Pam on the Apps4Wholesalers stage!

Software for Inventory Businesses. You can catch Pam Madytianos speaking at the Apps4Wholesalers conference & technology showcase in Parramatta next week. The conference is jam-packed with ideas and technology to improve your inventory based business. The session Pam has been asked to present as part of a panel session focused on inventory businesses. They’ll be discussing SME vs ERP and the evolving line for inventory distribution, manufacturing, wholesale businesses between…  Read more

How 2 Peas helps transform businesses

We’re here to help business owners with more than just bookkeeping. Listen to Pam Madytianos on The Transformative Advisor podcast. Our very own Pam Madytianos was asked to join Joe Woodard and Ben Ross on The Transformative Advisor podcast this week. Pam spoke about the 2 Peas journey and how the business has changed over time from mainly data entry and bookkeeping to more business advisory. This came about because they…  Read more

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