19
Mar 2015
How to open a business bank account
Transactional banking products When deciding what type of transaction banking products your business needs, look at the type of business you are offering to your customers, what your suppliers need and how you want to manage your cash flow. The most common transaction banking products are: internet banking credits/debits to accounts – electronically, manually or by direct credit Bpay via credit or debit card overdraft and other limit facilities cheque
17
Mar 2015
SuperStream for Self Managed Super Funds
SuperStream aims to improve the efficiency of Australia’s superannuation system and provides a new standard for employers when making super contributions. For employees using a compliant super fund, they will likely find that their employer has already updated their system with the required changes, but what if that employee uses a Self Managed Super Fund? Self Managed Super Funds (SMSF’s) need to ensure that they can receive contribution messages with information about payments in the
17
Mar 2015
SuperStream for Self Managed Super Funds
SuperStream aims to improve the efficiency of Australia’s superannuation system and provides a new standard for employers when making super contributions. For employees using a compliant super fund, they will likely find that their employer has already updated their system with the required changes, but what if that employee uses a Self Managed Super Fund? Self Managed Super Funds (SMSF’s) need to ensure that they can receive contribution messages with information about payments in the
17
Mar 2015
SuperStream for Self Managed Super Funds
SuperStream aims to improve the efficiency of Australia’s superannuation system and provides a new standard for employers when making super contributions. For employees using a compliant super fund, they will likely find that their employer has already updated their system with the required changes, but what if that employee uses a Self Managed Super Fund? Self Managed Super Funds (SMSF’s) need to ensure that they can receive contribution messages with information about payments in the
17
Mar 2015
How to choose a great bookkeeper
A bookkeeper is a bit like a GP – there’s one on every corner but great ones are hard to find. And when you do find one, you should never let them go. But how do you know if your bookkeeper is good or even better, a great bookkeeper? 1. Training and accreditation Every bookkeeper should have some sort of formal bookkeeper or accounting training and preferably be a registered BAS
16
Mar 2015
Preparing for SuperStream
SuperStream aims to improve the efficiency of Australia’s superannuation system and provides a new standard for employers when making super contributions. It requires an employer to send contributions electronically in a standard format with linked data and payments. Why Is This Happening? Without SuperStream reforms, each super fund sets their own requirements with regards to how they will receive payments and contribution advice details for each member. This can often
16
Mar 2015
MYOB extends mobile payment solutions
MYOB has announced that its popular mobile payments solution, MYOB PayDirect now accepts EFTPOS payments. MYOB PayDirect’s popularity has been driven by being the only mobile payments solution with accounting software integration available in Australia. MYOB General Manager, SME Solutions, James Scollay says this new feature will further increase its appeal. “We know that EFTPOS transactions are the most common type of card transactions in Australia. We also know from
09
Mar 2015
MYOB Roadshow
We recently attended one of the MYOB Roadshow sessions in Rockhampton, where the theme for 2015 was clear: Making business life easier! MYOB believe that it’s more than just a slogan, and have outlined a 5 point plan that they believe will reset the goal posts in 2015: MOBILITY – like OnTheGo and Essentials this is “the year of the mobile for MYOB” as their CEO Tim Reed recently stated PAYMENTS
We recently wrote that a website, or any other kind of software (and this is especially applicable to your bookkeeping software) is best thought of as an investment in your business. And because it’s an investment, it’s best not to think in terms of simply driving the cost down to zero — as you would if it were simply a cost centre for your business — but instead to think in terms of
All website owners want to get their sites built cheaply – as well they should – and there’s no reason to pay more than you have to including paying nothing at all if your needs could be serviced by a Facebook page, Instagram account, or a WordPress.com blog which can be designed by services you can hire at https://www.thewebshop.net.au. However, there are some common questions that arise when businesses begin