In July 2017 Symes Accountants hosted Lucy Tiller for a week of work experience. Below is her personal overview of her experience with our team.

On the 17th – 21st of July I went on my year 10 work experience for the SACE subject Personal Learning Plan (PLP). I decided to do this at Symes Accountants as this is the career path I would like to endeavour, and thought it would be beneficial for myself. When I first arrived, I was nervous and didn't really know what to expect. I was greeted by Jodie Grantham who is on the Business Support Team. She gave me my induction and introduced me to all the staff who were friendly which put my nerves to ease. I received a timetable of my week which included working with a lot of different people so I can get an understanding of how the industry is run in the short time I had for my work experience.

My first day was mainly spent in the reception office to see the first stage of the "production line". I witnessed the connection the admin had with the clients, who attended to their services, and offered clients coffee and tea. Working with the admin made me realise that they do a lot more than meets the eye and they help to try and make everyone else's job a lot easier so they don't have to waste their time. Towards the end of the day I sat down with Peter Caddy (one of the Partners) and had a talk about the industry and the career paths available. This was insightful as it broadened my knowledge and understanding of the different areas/types of accountants, and the importance of each role.

On the second day, I was fortunate enough to be included in four meetings. These meetings help the accountants/staff know what they are doing for the day and it sets them a goal, which motivates them with healthy competition with themselves and others. One of the meetings was with all the staff members in which they talked about the statistics of the work they achieved. This really put into perspective how big the business is and how much work is done on a yearly basis. My next task of the day was working/talking with Onnley Singleton who runs Operations. She showed me the schedule of work for the year, and taught me how important deadlines are to meet otherwise it unbalances the schedule. The last activity on my timetable was to work with Kateena Jenkin who oversees the Marketing. She showed me the new layout for the website which personally suited my generation a lot better and was more functional/practical.

On my third day, which was the 19th of July, I started with two meetings with both the teams of Accountants. I was fortunate enough to sit through a BAS appointment with Shavone Schedewy, under the permission of the client. I was able to witness how Shavone interacted with the client and understand the programs that she used throughout the appointment. For the rest of the day I was with the Accounting Manager Michelle Hennessy, where we she talked me through what a day in her life is like. During this time we also achieved someone's tax return. It was interesting to learn the procedure of how it is down on the business and the ATO's behalf.

On my last day, because I was unwell and didn't show up Friday, I started the day with a training they run every week, with each week being a different topic. This was a learning experience for me as the topic that week was deceased estates. I may not have fully understood it but it was engrossing to know how the process works. During the morning of each day I had a review with Rob (one of the Partners) to just talk over what I did the day before, what I was doing that day, and what I would like to get out of my experience. This was helpful as I had a time to express my thoughts and ask any questions I had. All in all, my work experience at Symes Accountants was an eye opener for myself and gave me a real taste of the industry, the roles within and the work life in general.

MYOB Cloud Accounting

Are you on a crash course with rear-view mirror driving?

To a large extent, your books act as a rear view mirror. They tell you where you've been, but not where you're going. But if you stay on top of the bookkeeping, you won't be looking so far back down the road - you'll be a lot closer to "where you are" than "where you've been". So what do you need to help you get to this point.

If your books are computerized, any reports you need can be generated with very little effort. We've raised previously the emergence of Cloud Accounting and the use of technology in the Accounting world. The last 12 months has seen substantial growth in this area and no longer is it discussion about the existence of Cloud Accounting but more so how to better utilise and leverage from it.

However there are still some that remain hesitant to embrace the new technology and better utilise their time. Maybe this is about trusting the provider more than the technology. So why not explore and trust MYOB to put you in the Cloud.

Compliance with no paper receipts

Compliance with no paper receipts

We've raised previously the emergence of Cloud Accounting and the use of technology in the Accounting world. The last 12 months has seen substantial growth in this area and no longer is it discussion about the existence of Cloud Accounting but more so how to better utilise and leverage from it.

Many people often ignore or are quick to say "No" when asked if they want a receipt, but not small business owners. One wonders if these small business owners have a love for boxing up all this            information and handing it over to their   Accountant. It seems more like they have been driven to this thinking that keeping a hard copy of their receipts is the only way that they can meet their compliance       requirements with the Australian Taxation Office. Well move over shoe boxes there's a myriad of programs hitting the market that make you and paper obsolete. What's more these programs are just as friendly on your mobile phone devices and fully integrate with your Cloud Accounting program. What does this all mean - small business owners can get an extra 2 hours a day back into their lives!!!

Cloud Accounting

Is your 'head in the Clouds?'

It seems like every day there is new technology being released to meet consumer demand. The Accounting world is not immune to this. "Cloud Accounting" continues to be hot topic within the world of business. Cloud Accounting serves the same function as accounting software that you would install on your computer only it runs on a provider's server and you access it using your web browser, over the internet. Your data is securely stored and processes on a provider server "in the cloud."

Accessing your business financial information from anywhere, using any device (as long you are connected to the internet" is extremely convenient and efficient for your business. Benefits of Cloud Accounting include:

  • Flexibility with accessing data
  • No need to install software
  • Automatic update
  • Arguably high levels of security

Call us if you would like to discuss accounting in the cloud.