“The most important lessons that I have learned in life are to understand your values; and do not waiver from your personal sense of being. This means being adaptable and be accepting of change. Life is a journey, and the lessons we learn help us to become the person we are today.”  

-Lynne Spalding, Owner & Founder of Business Wellness Hub 

I thought I was doing OK. I had two beautiful children and although it was hard bringing them up being the only adult in the household we got by. Day to day life was consistently negative thoughts and anxiety but I had accepted that was me and that was how I was going to spend the rest of my life. Always worrying what other people thought, why did everyone else know so much more than I did, stressing over having enough money and have I been a good parent. We can all do better but one of my strong points is being willing to listen to others. I did understand the parts of me that I didn’t really like, and I...

At Business Wellness Hub, we ask our clients to do Monthly Allocations including sending their bank statements each month to us for reconciling. We could do a whole blog post just on this (and likely will in the future!), BUT the purpose of this Blog is to detail one of our most common questions; “Why do you need a copy of thebank statements when our accounting software hasbank feeds?”.   

And the simplest answer is we need toverifythatallbank feeds have arrived. Sometimes a day can be missed, orduplicatesappear and these need to be corrected to not only ensure accurate records at BAS time but to ensure the business decisions that you make are backed by accurate data. 

By reconciling the feeds to the bank statement, we can confirm the data is accurate.  

At BAS time, havingmissinginformationonyourBASmaymean you are not reporting your GST correctly, and no onewantstohearaboutthisduringanaudit! 

At...

Award-Winning MYOB Accountant

Congratulations Lynne on being the MYOB Certified Consultant of the Year!

We are absolutely honoured once again to receive another Award! This is our 2^nd Award of the Year, and the 4^th time being within the Finalist categories for Awards for the year!

What is a MYOB Certified Consultant?

A MYOB Certified Consultant is an Accountant or Bookkeeper that has been professionally endorsed and have exhibited a high level of knowledge, talent, and expertise with MYOB products. To be approved as a MYOB Certified Consultant, applicants must meet stringent screening criteria and submit to an annual review of their skills.

Why is it important to My Business?

Having a MYOB Certified Consultant supporting your Business will ensure that the best practices are followed, knowing that you have a well-educated, trained, trusted expert in their field taking care of your accounts, maintaining accuracy and consistency to ensure your business is compliant with...

At Business Wellness Hub, we aim to support all small business owners. Although for us, business ownership is an exciting endeavour, we understand that for some people, it is the only way to provide food for their family and community. That is why every month we donate a percentage of our income to the MicroLoan Foundation. 

The MicroLoan Foundation provides women in sub-Saharan Africa with business loans, training and support to enable women to build businesses, taking their families and communities out of poverty.

Since 2002, the foundation has helped over 200,000 women to start and grow businesses. As a result, 800,000 children have been given the chance of an education and the opportunity of a better future.

Find out more about the microloan foundation here. 

Every small business owner goes through the same stage in life, insecurity before leaping into the business world. It can be scary and exciting all at the same time. If you are sitting on the fence, deciding whether to follow your passion, here is the inspiration you need.

Your Passion is for a Reason

If you wake up in the morning with a burning desire to start a business, then that is what you should do. Every small business begins with the owner's ambition.

Here are some reasons you may want to start a business:

• create a new income stream for your family.
• Share your skills with the world.
• Solve a problem that no one else has before
• Follow your passion every day, doing what you love

Your mind only creates a desire for what is important to you, so listen to your gut and follow your passion.

Small Business Support is Available

Some of the most successful business owners never stepped foot in business school. Creating a successful life is about using...

Have you ever thought about working from home? Or maybe you do already? I have been working from the comfort of my own home for over 20 years. Although the appeal of not taking the train to work seems excellent, it can sometimes be challenging to stay on track. So, I thought I would share with you three simple tips that will help you stay productive while working from home. 

Three tips that will make working from home productive and enjoyable.

Make sure you have a designated workspace

Working on the kitchen bench just won't cut it. If you are going to work from home for any time longer than a few hours a year, you need a designated workspace. Something clean and quiet enough so that you will stay focused, but also inviting and calming to inspire creativity.

Create a start and finish time to stick to

Just like when you work for a company, you should maintain a consistent start and finish time. Knowing when you will begin work will stop procrastination and...

Being a business owner is not easy. You must be chief salesperson, Accountant, marketing executive and of course do the work that your clients pay you for. There is so much uncertainty around income and once you have done the work how long is it going to take to get paid.

People start their business with a dream – it may be the amount of money they are going to earn, or it might be the lifestyle they want to live. Unfortunately, it does not always go to plan and the business owner is left feeling isolated, stressed, and overwhelmed.

At Business Wellness Hub we get it and that is one of the main reasons why we have redirected our vision to provide a holistic approach to our clients’ business growth. It is our belief if you support the business owner, not only with their accounting needs but also to give them strategies to be able to cope with the stress of running a business, they have a far better chance of success. That is why we run day retreats to take the business...

Blog Updated 30/04/2020

As certified MYOB consultants, we have collated the latest information to create for you a simple step-by-step guide to reporting JobKeeper payments with MYOB AccountRight. The information has been copied from the MYOB help page. 

MYOB has made a few changes to STP reporting to make reporting JobKeeper payments easier.

Information and updates are coming through thick and fast, and our help content is being updated with the latest information all the time, so check back regularly.

If you've previously set up the JOBKEEPER-START-FNxx pay item, it is recommended that you complete task 'Notify the ATO that you're starting to pay JobKeeper'. This ensures you will meet the ATO's reporting guidelines for JobKeeper.

  _{Guides for other Software}

• MYOB Essentials 
• Xero

In this Guide

Before you start

Key dates.

Setting up JobKeeper payments in AccountRight 

Set up an income account to receive JobKeeper payments. ...

Blog Updated 30/04/2020

As certified MYOB consultants, we have collated the latest information to create for you a simple step-by-step guide to reporting JobKeeper payments with MYOB Essentials. The information has been copied from the MYOB help page. 

MYOB has made a few changes to STP reporting to make reporting JobKeeper payments easier.

Information and updates are coming through thick and fast, and our help content is being updated with the latest information all the time, so check back regularly.

If you've previously set up the JOBKEEPER-START-FNxx pay item, it is recommended that you complete task 'Notify the ATO that you're starting to pay JobKeeper'. This ensures you will meet the ATO's reporting guidelines for JobKeeper.

_{Guides for other Software}

• _{MYOB AccountRight}
  
• Xero

_{In this Guide:}

• Before you start: 
  • Key Dates.
• Setting up JobKeeper payment in MYOB Essentials. 
  • Set up an income account to receive JobKeeper payments. 
  • Set...

As certified Xero consultants, we have collated the latest information to create for you a simple step-by-step guide to reporting JobKeeper payments with Xero.

_{Guides for other Software}

• MYOB Essentials 
• MYOB AccountRight

Download a Printable PDF of this Guide

In this Guide:

Before you Start 

Set Up JobKeeper Start Dates

About Jobkeeper payments

Standing Down an Employee

Record an employee’s time on stand down

Examples

Other Information

Before you Start

• Set up Single Touch Payroll in Xero
• Review the eligibility criteria for employers(ATO website)
• Enrol employees for JobKeeper payment(ATO website)
• Set Jobkeeper Start Dates as per below

 Back to Top

Set Up JobKeeper Start Dates

Take care when setting the start date in the steps below. Once you click Save for reporting, the start date is locked and can't be undone.

1. In the Payroll menu, select Pay Employees.
2. In the Payroll support during COVID-19 message, click visit our Payroll...