Better budgeting and cash flow?

If you have made the new year’s resolution that 2018 will be the year that you finally start doing budgets and cash flow forecasting, it is time to do something about it!  Especially if you made the same resolution in 2017. Why are these tools essential for good business management? Budgeting Allows you to set limits or targets on what the business will be incurring in expenses or earning in…  Read more

Online Selling – Do or Die?

Consumer habits are changing and so too is software innovation.  Artificial Intelligence and the internet of things (IoT) have had an impact on the retail world as we’ve known it. The consumer now has information at their fingertips anywhere anytime so the bricks and mortar store retailer needs to compete with this in order to keep trading successfully.  It is not the end for these retailers but they need to…  Read more

New Year Resolution: a better way to grow your business safely, quickly and cost effectively

Right now, 87% of small to mid-size businesses in Australia suffer from cash flow and/or working capital problems.  Yes, you read that correctly, 87%.  It’s no wonder that cash deficiencies are the leading cause of business failure… Thankfully, there is now a simple and easy way to get more cash flowing in to your company today AND prevent a cash crunch from ruining your summer holiday again this January… One…  Read more

Employing is never simple

  Employing staff is no easy task nor is it straightforward.  From the moment you take on that responsibility as a business owner or manager, you are required, by law, to follow and practice the correct laws and regulations in Australia that governs the employer-employee relationship. All types of employers and employment relationships are covered under these laws and some aspects of the law also apply to unpaid workers, volunteers and volunteer…  Read more

Setting Franchisees up for Success

“What do you mean, I have to deduct tax from payroll? I didn’t know that!” Many years ago, I visited my first franchisee to help set them up their accounting software, train them on it and show them how to do bookkeeping. When we got to the payroll, and I started showing the client how to do payroll, that was the question that she asked. She got an even bigger…  Read more

XEROCON – 2017

Although I personally didn’t attend XEROCON this year due to the clash of the titans – MYOB Partner Connect conference coinciding the same time as XEROCON.  Some of our team who attended reported the following: “WOW over 3000 people in attendance, such an electric atmosphere, it was like one big block party including DJ and laser lights!!   You could be forgiven for thinking you were at a night club rather…  Read more

MYOB Partner Connect 2017 – Alice Springs

The MYOB Partner Connect Conference 2017 hosted international, state and a national event in a beautiful part of Australia, Alice Springs.  There was a turnout of over 1000 plus partners both bookkeepers and accountants that attended these events collectively.   Alice Springs did not disappoint, it was such a buzz with a host of activities for partners to participate in over the 2 days.  We went from cuddling snakes, to…  Read more

Bookkeepers – what are the costs and benefits?

You’ve had a great idea and started your own business.  Suddenly you are a jack of all trades – you run the business, you do the marketing, maybe design your website and business card, plus you look after the accounts.  As your business grows and you start turning a profit, you realise that it might be a good idea to call on experts to polish your website, help with your…  Read more

The hidden costs of accounts receivable and how you can reverse them

While there are obvious benefits to issuing your goods or services on credit customers love to buy now and pay later, you can’t escape the costs of managing accounts receivables. Did you know it is possible to minimise the burden on your business.  Here are some of the hidden costs and how accounts receivable software, ezyCollect, is designed to reduce them: Bad debts Bad debts happen. If you’re issuing goods…  Read more

Amazon – threat or opportunity for retailers? 7 tips to help retailers

With Amazon coming to Australia any day, there is a lot of concern among retailers about the impact Amazon will have. With its vast selection of products, low prices and fast delivery, retailers are concerned that it will wreak havoc with their markets. With predictions that Amazon will capture 5% of the retail market within 5 years, retailers need to change their traditional approach in order to maintain and improve…  Read more

Simple tips and techniques on using Ostendo

Ostendo Add-on: Tips & techniques Ostendo is an add-on for MYOB, Quickbooks and Xero that provides great inventory, jobs and project and manufacturing management. Below is a video and some tips to help you use the program more efficiently. Getting the best out of the LIST views: CUSTOMISING List views are summaries – of the stock list, customers, suppliers, orders, invoices etc. When in any list view, you can right…  Read more

Did you survive the EOFY Rush?

Here are 7 Great Bookkeeping Tips To prepare for next year Did you survive the EOFY rush?  Is bookkeeping the last thing on your mind?  Do you avoid it at all lengths?  Well, join the club!  Although managing your financial records is not exciting it’s one of the most important things to be on top of. It is so easy for business owners to neglect this aspect of their business…  Read more

How Add-Ons help me to stay efficient, connected and to maximise my work day

With the introduction of so many apps and savvy online tools, my job as an Office Administrator could not be made easier.  The world of Add-Ons has changed the way people interact not only in business but with each other and their networks.   My day starts with reviewing staff timesheets, scheduling and rostering staff to client appointments.  Ostendo has streamlined this process for our business as it has also…  Read more

Payroll Year End Tips – Step by step guide

Step 1: Process the last pays for the year – make sure that any electronic and payroll clearing accounts have zero balances.  Make sure that your bank reconciliation is completed and no payroll payments are in there as unreconciled. Step 2: Print  (or PDF and save) the key payroll reports – generally, the reports that I would print would include a payroll summary for the year, a report with details…  Read more

Cash Flow and Budgeting Made Easy

CALXA for SIMPLE and EASY creation of budgets We have been running monthly classes, teaching businesses how to use CALXA for SIMPLE and EASY creation of budgets at both organisation and job/project/cost centre/tracking level. However, we are finding that people are interested in Calxa for a number of reasons: 1. Yes, #1 has to be the budgeting, as it is so easy to create budgets. Actual figures are brought across…  Read more

Ostendo and freeway – making business more efficient

What’s all the fuss about? A client recently told us that they had scoured the world looking for a solution to their business requirements and were very surprised to find the solution in Malvern, just around the corner from their business. Freeway is a great app. that can run on your android tablet and phone, allowing users to capture information REAL TIME and have it update Ostendo via the internet,…  Read more

June Preparation for Financial Year End

Normally we do a spring clean, but with business, we need to do a winter clean. .June is the time to do a tidy up for the end of the financial year. So what things should be doing? Make sure that you have maximised your allowable deductions 1. If your business is showing a profit that is going to bring on a tax bill, then you should make sure that…  Read more

5 easy steps to streamline your business processes

If there’s one commodity a small business owner needs, it’s time. Luckily, tech is coming to the party. There’s not a single small business owner who would prefer doing data entry over actually working on their business. However, small business owners have spent way too much time in the past hunched over a laptop instead of doing anything else with their time. With the smart tools available in your online accounting…  Read more

Struggling to find the right Point of Sale solution to manage your shop?

Are you in the Fashion Industry and struggling to find the right Point of Sale solution to manage your shop? Fashion retailers face a set of very specific and unique challenges, not experienced by other retailers. Effectively managing fashion inventory is the key to success in this vertical – fashions change rapidly and inventory can easily become obsolete or be damaged, leading to significant losses. The fashion vertical is also…  Read more