We know you’re time poor so we’ll make this quick Now’s the time to make getting paid by customers easier and far less time consuming by enabling Online Invoice Payments. Imagine the time you could save if customers paid online via… Read more
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
As small business owners look to operations after COVID-19, there are some important business questions to ask yourself. This will help you determine what adaptations you want to keep, whether your business model is working, and if there are additional changes you can make to keep your company operational through future economic downturns. It’s not always fun to do this sort of examination, but the answers to these questions will… Read more
If you’re serious about getting the best value you can for your marketing budget, you’ll need to develop a plan. Here are eight simple steps for making your marketing efforts that little bit more effective. 1. Get to know your customers Firstly, you need to identify your target market. You probably have an idea of who buys from you but make sure you: Define your target market in detail. Write… Read more
In the last two months, the world has changed. And with it, business has also changed in ways that are likely to be with us permanently. It is time to think about what the future is likely to bring to start preparing our businesses for the new reality. With bricks and mortar business being impacted by forced closures and social distancing, there has been a rapid move towards remote systems… Read more
10th April 2020 Rental waivers and deferrals for commercial tenants Prime Minister Scott Morrison announced some new measures for landlords and tenants on Tuesday 7th April. The new mandatory code will apply to tenancies where the tenant or landlord is eligible for the JobKeeper program, which means those that are in financial distress. This code was described to include “good-faith principles” where landlords must not terminate the lease or draw… Read more
If you’re a small business owner whose company hasn’t gone through hard times, that’s great but it’s likely to happen at some point. As much as we dream about being brilliant enough at business that we’ll never face slow times, there are many things beyond our control that can negatively affect our business. Here are four tips for getting your business through difficult periods so you can look forward to… Read more
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
Bookkeeping is no one’s favourite task. However, the reality is if you own a small business, good record keeping is vital. Many start-ups, as well as existing business owners tend to neglect this aspect of their business until the end of financial year (EOFY) is upon them. By law, every business is required to maintain accurate and timely records. I can’t stress enough how important it is to organize your… Read more
1. Fresh new look and same great workflow and updated MYOB logo 2. Faster insights via a powerful search yet In the Cards List, you’ll love the powerful new tools that give you more control and insight over your contacts. Here’s an overview of what’s new and improved in the Cards List window. For a detailed guide to these features, press F1 in the Cards List window … Read more
Freeway is a remote application that integrates with Ostendo. As such it is able to capture valuable information via tablet or phone without needing to access Ostendo. This has extended the use of Ostendo into many new areas, as it enable staff to be able to enter data while in the field, and while out of access to internet. However, because of the breadth of use of Freeway, it is… Read more
This post first appeared on the MYOB blog titled ‘Meet MYOB community forum superhero Renae Petersen‘. The MYOB community forum is the place where you can find support, information and advice on using your MYOB software. This online resource allows MYOB users to look for answers to questions they may have. MYOB Partners with diverse and in-depth knowledge and industry experience monitor questions and contribute their answers. Currently, we’re running a… Read more
This post first appeared on the MYOB blog titled ‘Countdown to tax time: Review debtor accounts, creditor accounts and reconcile‘. Let the countdown begin! Online accounting software has now revolutionised the way bookkeepers and business owners manage the accounts and prepare for End of Financial Year (EOFY). Products such as MYOB AccountRight and MYOB Essentials have made this all too easy. EOFY can be stressful, particularly for those who don’t… Read more
Here we go again…another financial year end. Here are some important dates to help you manage your way through the minefield of payroll and financial year end. During May Your accountant should have a look at your financial data, to help with any tax planning strategies for year end. If you are using MYOB AccountRight Live, MYOB Essentials, Xero or Quickbooks Online (QBO), your accountant can be given access… Read more
We are counting down to end of another financial year, and we all know how much work is looming in July. So here are some tips to help you get ready in advance to reduce your stress levels and your work levels. If you need any extra help around financial and payroll year end, you can call on us. Speak to your accountant and send your financial statements to them… Read more
This post was first published via the MYOB website titled ‘Managing Superannuation Obligations ‘ and written by our own Renae Peterson. There are many good reasons why businesses should be taking advantage of a fully integrated online accounting and payroll system, such as MYOB AccountRight Live, or upgrading their old AccountRight Classic files to AccountRight Live. One of my favourite features is Pay Superannuation – seamless, easy to use, and… Read more
Bookkeepers are an integral part of any business – they can either make or break your business. Making sure you take the time to hire the right person for the role is crucial. So – how do you achieve this? Here are five things to look for when hiring the right business bookkeeper. 1. Organised, process driven and efficient A good bookkeeper must understand your industry, your business processes… Read more
Ostendo is operational software designed for businesses that have complex inventory, manufacturing and job/project/service type requirements. There have been some very exciting features released for Ostendo in recent months. Here are just a few of them. FREEWAY We are finding that Freeway is perfect for job based businesses with staff on the road. Freeway is a free app that integrates with Ostendo. It is designed to manage jobs and… Read more
Have you outgrown your current POS software? Do you need more reports? Or just not enough clarity to make important decisions for your growing business? I would like to introduce you to ‘Retail Express’. It is the first cloud-based platform in Australia and continues to be the leading provider of retail management software for growing retailers from 1 to 100 stores. Retail Express provides a very comprehensive cloud-based product that… Read more
Looking to improve your business success? As a business owner, you’re already aware of the areas you could focus on to improve your business. Before you start implementing changes to improve your business, it’s a good idea to make sure you have a full understanding of the factors impacting on your business success. Get up and running with these six powerful tips: Create a business plan Business plans can… Read more