Figured now integrates with MYOB
7 September 2023
Did you know that Figured now integrates with MYOB?
Figured is a financial management software for farmers that offers integrated functionality with MYOB so you can seamlessly access Figured’s production tracking, budget and forecasting tools.
Figured offers crop and livestock tracking, farm budgeting and the forecasting tools integrate seamlessly with MYOB which enables you to more confidently plan and reforecast with real-time information when conditions change. Using Figured and MYOB together means you know exactly where you’re at and where you’re going.
Benefits of using Figured include:
- Having all your farm's financial and stock information in one place - cash, budgeting, operating expenses and stock-on-hand figures.
- Production reporting. Dollars per hectare, per kg milk solids and per stock unit are built into Figured. You can also track crop and lifestock movements.
- Time saving. Reconciliation is quick and easy, you can generate bank reports when needed and stock numbers are automatically updated.
- Online collaboration. Your team can collaborate with one set of up-to-date information that allows for accurate decision making.
If you think you’d benefit from using Figured, get in touch with us and we can talk through whether this would be a good tool for you.
The Christmas season can create payroll challenges, but understanding the rules can help you stay compliant. Annual Leave: By law, employees are entitled to four weeks of paid leave per year. To avoid last-minute staffing problems, set clear deadlines for leave requests. Holiday Pay : Employees must be paid for public holidays that fall on their regular workdays. Keeping up-to-date employee records and rosters ensures accurate payment. Christmas Closures : Plan ahead for any business shutdowns. You must provide at least 14 days' notice before a closure. If an employee doesn’t have enough leave, they must be paid 8% of their gross earnings since their start date or their last leave entitlement, minus any leave paid in advance if agreed upon. Cashing Up Leave : If it’s part of the agreement or you choose to allow it, employees may cash up to one week of annual leave each year. However, you cannot pressure them into doing so. Casual Workers : Casual employees should receive an additional 8% on top of their earnings instead of accruing leave, and this must be clearly shown on their pay slips. With careful planning, you can keep payroll running smoothly, allowing both you and your team to enjoy a stress-free holiday season. Feel free to reach out if you need any assistance or clarification.
This time of year can be hard on small businesses. With a bit of pre-planning and being proactive, you can set yourself up for a financially stress-free holiday. Talk to us. We can help.
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