4 Key Areas to Evaluate in Your Business Budget

With the potential for business life to return to something resembling normal, it’s a good idea to take a look at your budget and see where you may need to shift some of your priorities. Pay attention to how your spending over the past few years affected your business and either helped you achieve, or took you away from your overall goals. Considering how your business and your employees functioned…  Read more

Do your apps integrate with your accounting software?

Are your Apps talking to your accounting software, MYOB, Xero or QBO?  Have you been struggling to connect these applications and finding that you have additional data processing or having to double handle information?  It is not easy to achieve a seamless integration and quite often clients attempt this on their own only to later discover that their financials do not make much sense or, their accountant raises many questions…  Read more

STP and Payroll Year End 2020

It is that time of year again, where employees want their end of year income and payroll information to lodge their tax returns as quickly as possible! As employers are now required to report Single Touch Payroll (STP) you will have noticed they no longer issue the traditional Payment Summaries.  These are now replaced by what is classified as an ‘Income Statement’ and is accessible via a myGov account.  If…  Read more

Are you ready for payroll year end 2020?

Well, it has been a strange year so far, with the traumas of the terrible bush fires starting 2020 and then of course, the fear and disruption of COVID-19 impacting so many of us. So it is hard to turn the mind to the more mundane tasks that we have to face.  But there is still the financial year end to finish off, which is a bit of a stressful…  Read more

Make the right business decisions – using cashflow forecasts

With the COVID-19 virus, business is facing unprecedented impacts on their trading. Many businesses are having to cope with change and needing to make fast, informed decisions about what they need to do to stay afloat. And the key to staying afloat is having sufficient cash or access to cash when it is needed. There is no point finding out that you are in difficulties after the fact – you…  Read more

Free Webinar: COVID-19 Grants, Tax Breaks and Assistance Packages

Join Pam Madytianos, Business Advisor and Director of 2 Peas and Rxyan Murtagh, CEO of Neto as they run an interactive webinar discussing the grants, tax breaks and assistance packages available to SMEs during this crisis. The webinar will ran from 3:00pm – 4:00pm (AEST) on Wednesday, 25th March 2020 In the webinar you’ll learn: Grants, tax breaks and assistance packages available to SMEs during this crisis Your obligations as…  Read more

Are you worried about your business?

Now more than ever, it is important to monitor your business performance and set up forecasts. You may need to make some tough decisions in the months to come. You need to know on a week to week, or even day to day basis exactly where your business stands. Cashflow Forecasting One particular area of analysis: cash flow forecasting is critical in determining whether a business will make it through,…  Read more

8 reasons why you should switch to cloud computing

Don’t be left behind!  Cloud computing is now more the new norm.  Storing information and using software hosted on the Internet has many advantages as opposed to traditional IT solutions. Here are 8 reasons why small businesses are switching to cloud computing. 1. Save money Traditionally, a small business spends money licensing software or buying packages to install or download onto individual computers. Cloud computing, on the other hand, can provide ‘Software as a Service’…  Read more

Get your VIP ticket for Apps4Wholesalers Melbourne

Software for Inventory Businesses Earlier this year our very own Pam Madytianos was asked to speak at an Apps4Wholesalers event and we’ve got some exciting news…she’s heading to the Melbourne Convention & Exhibition Centre in October for round 2! Plus: this time, we’ve got VIP ticket registration so you can come along (with some cool perks too!) The conference is jam-packed with ideas and technology to improve your inventory based…  Read more

5 Ways to Save Money for your Business

Looking for simple ways to cut costs in your business?  These 5 tips will help you make a noticeable difference to your bottom line. 1. Reduce staff costs Without a doubt, having someone to help deal with routine tasks can greatly improve productivity. The rub is that hired help is often too expensive for small business owners. Internships can be a real win-win: a student gets hands-on experience assisting you…  Read more

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

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

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

Which software is right for your business and industry type?

Are you struggling to work out which software is right for your business and industry type? Are you overwhelmed with all the software options available today? Are you looking for automation with your financial and operational business systems?  Are you struggling to work out what works best with your accounting software?  There is an overwhelming selection of applications available in the marketplace today and most business people do not have…  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

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