Essential online accounting, POS and payroll for every franchise

  • In association with MYOB
  • February 2, 2017
  • MYOB
Essential online accounting, POS and payroll for every franchise

What do New Zealand franchisees and franchisors love? They love being their own boss. They love doing what they do. And they love having control of their own financial destiny. There are probably many more reasons, but it’s a sure bet dealing with bookwork isn’t one them.

Bookwork is a real hassle. That’s why franchises are relying on time-saving online accounting solutions to help make their lives a whole lot easier. These solutions have freed franchises from tedious
paperwork, financial headaches and worrying about IRD compliance. They now spend less time on bookwork and more time doing what they love.
Many franchises choose to go with an online solution that off ers everything they need to take care of their business – a solution that covers point of sale, payroll, the ability to work on the go, and offers add-ons tailored to their business. Mobile franchises, for example, are benefiting greatly from solutions that let them manage their contacts, send invoices, and take payment on the go. When out and about, they can issue invoices on job completion, see who owes them money and even take payment, all before they’ve left the job. It integrates with their online accounting software and automatically updates their accounts.

Franchises in the retail and hospitality sector are moving away from the standard cash register setup. They’re integrating their point of sale (POS) system with their entire business in one powerful online platform. This solution lets them do a whole lot more than just accept payments from customers. It enables franchises to easily manage sales and inventory. They can track prices and stock levels.

Maximise profits by minimising wastage and human errors. And gain insightful customer data to build loyalty and provide a richer shopping experience. All of this from one convenient cloud-based POS system. Cloud-based POS systems offer franchises the ability to access a variety of add-ons. These can be customised and seamlessly integrated to suit their specific business. Add-ons are available for everything from accounting, payments and CRM to marketing, mobile ordering and advanced stock control. Extending a POS system with add-ons helps franchises save time, grow profit and reduce costs.

Online accounting software also helps franchises meet regular compliance obligations, such as GST. Best of all, franchises can file their GST returns online directly with the IRD, saving time and increasing accuracy. Non-compliance risks are reduced with in-depth reports, and automatic updates keep the franchises up-to- date with any changes to Government legislation (including KiwiSaver requirements).

Franchisees can also quickly and easily share their accounts with their accountant or bookkeeper online, so any problems can be spotted and fixed immediately. Record keeping is also made a whole lot
easier. Bills and supplier invoices are saved directly into the franchisee's accounts. This makes working with accountants more efficient, reduces the amount of paper filing and simplifies document retention requirements.

A good payroll system will take care of all elements of paying your employees and automate the compliance changes for you. An online payroll system such as MYOB Essentials
lets you process payroll in three easy steps, it automates your wage and PAYE payments as well as your monthly IR filing. Specialist payroll functions can also be tailored to work across an entire franchise system, making it easier for franchisees to access the support they need from their franchisor.
When it comes to managing money, an online accounting solution makes life less stressful for franchises. It lets them know how much they have to pay their suppliers and who still owes them money. They can view their cash flow in real time, giving them more control of their finances. The amount of flexibility an online accounting solution off ers a franchise is
impressive. With the right solution in place, they can work wherever they want, how they want and anytime they want. The ability to work securely on the road and still be able to collaborate with a bookkeeper or accountant who is located miles away is priceless – and a real time saver.
As you can see, franchises are flourishing thanks to online accounting software. If you’d also love to take your franchise to a new level with an innovative solution, contact MYOB today for a chat and find out how they can help your business succeed.
Visit to find out more.
0800 39 66 38

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.


How do Kiwis do their Christmas shopping at Mighty Ape?

  • News
  • November 20, 2019
How do Kiwis do their Christmas shopping at Mighty Ape?

New Zealand e-tailer Mighty Ape surveyed 2,962 Kiwi shoppers post-Christmas last year. Among its findings are that Black Friday is officially bigger than Boxing Day among its audience, with almost four times as many products were sold on Black Friday compared to Boxing Day 2018. Cyber Monday, the online-only sale that falls on the Monday following Black Friday, has also proven to be popular with Kiwis. It now also outsells Boxing Day at Mighty Ape.​ ​It's presented further findings in a clever infographic.

Read more

Introducing New World's 2019 Christmas ad

  • News
  • November 19, 2019
  • StopPress Team
Introducing New World's 2019 Christmas ad

New World and Colenso BBDO have unveiled this year’s Christmas ad, showing the generous Kiwi tradition of inviting every available Tom, Dick and Harry to Christmas lunch, resulting in many mouths to feed.

Read more

Raglan Coconut Yoghurt's Latesha Randall reports back from the US on what's hip and happening

  • News
  • November 19, 2019
  • Latesha Randall
Raglan Coconut Yoghurt's Latesha Randall reports back from the US on what's hip and happening

Latesha Randall is ​the co-founder of Raglan Coconut Yoghurt, a delicious dairy-free yoghurt born out of a beautiful town two hours south of Auckland. She previously documented the adventures of her company when it was a start-up in a column in Idealog – you can read it here. Recently, Randall traveled to the 2019 Natural Products Expo in Baltimore, USA and observed the food trends that were happening abroad. New Zealand foodies, take note: here, she reports back on what she thinks will be big contenders in the future food space.

Read more

Social scoreboard

Zavy and The Register have worked together to create a scoreboard that compares how the top 25 traditional media advertising spenders in New Zealand have performed on social media over the past 30 days, updated in real time.

Concept to closet
Business coverage of New Zealand Fashion Week.
Regional rollercoaster
What does retail look like in 2019 for ...
Town centres
A positive retail environment over the past 12 ...
Amazon Arrival
Keeping up with all things Amazon as it ...
The Retail Yearbook 2017
As we battle our way through the busiest ...
The future is bright
We spoke with four retailers in their twenties ...
Hospitality enhancing retail
Some think food and integrated hospitality offerings will ...
Spotlight on signage
At first glance, the humble in-store sign might ...
Red Awards 2016
The Red Awards for retail interior design celebrate ...
Auckland Unitary Plan
Auckland is changing. The Unitary Plan will decide ...
How to open a store
Sarah Dunn considers what it would take to ...
All things to all people
Kiwi retailers share their omnichannel strategies.
Rising stars
Retail's top young achievers.
Delivering on your promises
The sale isn't over until your item is ...
Retail in heartland New Zealand
Retailers keep the regions pumping, but how strong ...
Women in retail help one another. We spoke ...
The changing face of retail
Shifting demographics are creating big changes in New ...
The retail yearbook
With the help of experts in the retail ...
Retail rogues
We put the spotlight on staff training. Jai ...
Here come the giants
Topshop has arrived in Auckland’s CBD, David Jones ...
From retail to e-tail
Ecommerce has become part of the way mainstream ...
Loyalty in the digital age
How are retailers maintaining loyalty? Sarah Dunn, Elly ...
Window shopping: A spotlight on social media
Sarah Dunn and Elly Strang look at how ...
The Innovators | In partnership with Spark Business
Technology is rapidly changing the retail industry as ...

Outdoor goods retailers Cactus Outdoor and Kathmandu collaborate

  • News
  • November 19, 2019
  • The Register team
Outdoor goods retailers Cactus Outdoor and Kathmandu collaborate

Two prominent Kiwi outdoor goods retailers, Kathmandu and Cactus Outdoor, have collaborated to produce a line of certified ‘Buy NZ Made’ products which will be launched in Kathmandu stores around New Zealand on Buy NZ Made Day this week.

Read more

Casual brows

  • Opinion
  • November 18, 2019
  • Sarah Dunn
Casual brows

As competition hots up between internationals and local brands in the beauty category, NZ Retail and The Register editor and associate publisher Sarah Dunn considers what comes next.

Read more

How New Zealand businesses performed in China’s 11.11 shopping festival

  • News
  • November 15, 2019
  • The Register team
How New Zealand businesses performed in China’s 11.11 shopping festival

This week marked Singles’ Day - a Chinese holiday run by mega-retailer Alibaba that, while still relatively unknown in the western world, is surpassing Black Friday and Cyber Monday in scale and sales. Alibaba reports it generated US$38.4 billion of gross merchandise volume this year.

Read more
Next page
Results for
About us.

The Register provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2015 Tangible Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.

The Register

Content marketing/advertising? Email or call 022 639 3004

View Media Kit