July 22, 2020Cash Flow , Late Payments
Victorian small businesses had a false start last week. Shop owners everywhere tried to make the best of a bad situation, big orders were placed with suppliers and storerooms were stocked. Let’s stop for a moment. You have tens of thousands of small businesses that have been closed, or running at less than 50% capacity, …
Read moreJuly 16, 2020Case Studies
https://youtu.be/oWMtMcmTQM8 Dave is one of Pencils first customers. He has been great to work with and has seen some amazing benefits while using our software. Here is what he has to say about his experience. What challenges were you facing before using Pencil? We were having lots of challenges with receiving payments from customers on …
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July 16, 2020Partners
https://youtu.be/uV6FjeHcs1U Dan from Waypoint discusses PencilPay’s benefits to his customers. In this post I just want to show you a quick video from one of our partners. Waypoint help businesses with inventory do more with cloud software. At the moment what we are seeing, is a huge emphasis being placed on trade-credit, cash flow, trade …
Read moreApril 21, 2020MYOB
Go to www.pencilpay.com click on the LOGIN button top right on the home page Log in with your Supplier login On the Left-hand side of the click on the “Integrations” tab Select the software in which the Supplier has Click on the MYOB integration tile: Click on “Get Started” Log in to your MYOB account …
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March 23, 2020Uncategorized
Business advisors have been put through the ringer over the last couple of weeks. If you’ve been fielding “the world is ending” calls, you know who is keeping cool & who needs to acclimatize. Customers keeping cool will innovate and be nimble. They will look for growth opportunities outside of BAU, in preparation for a …
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January 13, 2020Invoicing , Late Payments
Managing your cash flow as a freelancer can be a difficult task. When clients are late with payments and invoices are ignored this can really have a negative impact on your lifestyle and stress levels. Freelancers are constantly having trouble collecting payments from their client but this unneeded stress can be dealt with quite easily …
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November 27, 2019Subcontractors & Tradesmen
“Cash is king” is an overused expression, but it is a saying that is true and vital to a small business’s survival. One of the main reasons why small businesses fail is due to the poor management of cash flow. So here we have listed 5 rules for you to follow. These rules will make …
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November 27, 2019Late Payments
For business owners who are looking to obtain a loan for their small businesses, checking your business credit score is a critical step in this process. Here is why. When you apply for a business loan, the lenders take a number of different factors into consideration, this most likely will include your business credit score. …
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November 8, 2019Subcontractors & Tradesmen
As a tradie, writing up quotes is essential to keeping up your workflow. However, writing up costs and summing them up is incredibly time-consuming and is almost another job in itself. The trick to making your business run smoothly is to be able to generate a quote more efficiently and win more jobs. So here …
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October 29, 2019Late Payments , Subcontractors & Tradesmen
Many subcontractors are facing financial difficulties lately due to builders going broke or just flat out refusing to pay. In the last 5 years, 20 builders have gone bust. This has affected hundreds of subbies and left them tens of millions of dollars out of pocket. Subcontractors are the most vulnerable party when it comes …
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