10 commandments of a stress-free stocktake If your business produces or purchases stock for the market, you’ll likely need to do at least one stocktake at the end of the financial year for tax reasons. You should do your stocktake as close to the end of the financial year as practical. If you choose not to stocktake,…
How to use EOFY to set yourself up for success Each end of financial year ‘EOFY’ is the highlight of the year (at least it is to us) It’s the green light for business owners to run the rule over their business and set up for success. It’s not just crunching the numbers and filling…
Delivering a great customer experience can be as simple as being visible, reputable and reliable But how do you stand out from the pack? Combine visibility with a great customer experience, and you’ll start to get oh-so-valuable referrals, as well as the prospect of repeat business from your happy clients. So how do you make…
This email is a SCAM and is not from MYOB Please be aware that there is a malicious email currently circulating pretending to be from MYOB claiming to have an invoice and prompting you to click on a link. You do not have to be a MYOB user to potentially receive this email. Below is…
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 software, it’s…
It can be tough to make it in the hospitality industry, but technology is helping improve the odds by improving efficiency and customer experience. Adopting the right technology in your hospitality business can be a game-changer, and the industry is catching on. From cloud-based accounting tools and new ways to think about customer loyalty programs,…
You can run a profitable business but, unless you have cash flow under control, the odds are against you. According to Dun and Bradstreet, 90 percent of small business failures are caused by poor cash flow management. Want to make sure you’re not just another statistic? Here are seven tips to set you on the…
Payroll is one of the most important parts of running a business. But for many employers, organising everything can be a bit of a struggle – especially in the midst of trying to expand and grow an enterprise. Yet payroll remains a crucial part of the business process, and as a result, entrepreneurs can’t afford…
The sharing economy is often held up as a big, bad threat to small business. But more are feeling positively about it than negatively. According to MYOB’s latest Business Monitor release, 75 per cent of businesses felt neither positively about the likes of Uber and Airbnb or negatively about them. However, more said it was…
Cash is king; there’s nothing more crippling to a business than having poor cash flow. Luckily there are tools available to help you out. The first step in fixing any cash flow issues you may have is to get a handle of how much money is going in and how much is going out. Generating…