Keep up to date with the latest updates and information from oms

EOFY is here!

OMS is ready for End of Financial Year, 31st March, are you?

We know our clients are ready because we’ve been looking after their books and have everything in place to make their EOFY Stressfree.

Do you want a stressfree EOFY? Join our OMS family and never look back.

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MYOB Payroll

MYOB offers simple standalone online payroll management with their payroll software that won’t break the bank. $22/month + GST, plus $1.50/month per employee paid. With this you get:

• Simple pay runs

• Direct reporting to IRD

• Automated tax compliance

• Automated Kiwisaver calculations

• Online timesheet management

• Automated annual leave calculations

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Farm Focus is your all in one, easy to use, farm specific tool.  Built for farmers by farmers.

Livestock Reconciliation, Supplier integration, bank feeds, fantastic reports and reliable GST Returns.  We love to use this for our farmer clients and they love it too!

There are so many reasons to choose Farm Focus but our favourites are the Farmlands Bill integrations and the Livestock reconciliations. Click here to find out more about this fabulous software option.

We are Xero Partners and that comes with advantages.

The benefit of having us as your Xero partner is the special pricing and vast knowledge we have available to help you set up your Xero file.

Don’t buy from Xero before checking with us what pricing we can offer your business.

Work with OMS to grow your business.

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Forget the late nights and weekends spent manually entering in supplier invoices.

SUPPLIER INTEGRATIONS - Cut your admin time in half

Fergus integrates with 100+ Suppliers.

Get your supplier invoices sent straight to Fergus, automatically importing line items and matching to the right jobs.

Instantly assign invoices to jobs with one click.

Send purchase orders directly from Fergus to suppliers for pricing, pickup or delivery.

Easily integrate with Xero or MYOB.

Check with us to see what special Fergus has on pricing for partner clients.

AI works best at automating repetitive tasks and boy, does bookkeeping have a lot of those!  This is where AI really shines and helps us to get our work done more efficiently.

Here at OMS we embrace our AI helpers so that we can do our jobs more efficiently and save you $$, but that doesn’t mean that our expertise isn’t needed to get the job done.  Quite the opposite, because although AI is good at automating tasks, someone with good knowledge of what is needed is important to be at the forefront to teach AI where is the right place to put your transactions.  Otherwise, you may end up with a huge mess at end of year and a rather large accounting bill.

Here are some key ways that AI is used in NZ bookkeeping:

• Data extraction and categorization:

  AI can automatically extract important information from invoices, receipts, and bank statements, coding them into appropriate expense categories, reducing manual data entry time.

• Bank statement reconciliation

  AI algorithms can match transactions between bank statements and accounting records, streamlining the reconciliation process and identifying discrepancies.

• Invoice processing

  AI can read and interpret invoices, automatically extract details like supplier information, invoice number, and amount due, allowing for faster invoice coding and payment processing.

• Predictive analysis

  By analysing historical data, AI can forecast future cash flow, identify potential risks, and provide insights to help businesses make informed decisions.

• Fraud detection

  AI can identify unusual patterns in transactions that may indicate fraudulent activity.  Banks utilize this function all the time.

Here is how your bookkeeper can make sure AI is utilized correctly:

• Data quality

  Accurate and well-structured data is crucial for AI to function effectively.  This is where your bookkeeper shines!

• Training and adaptation

  Bookkeepers know how to use AI tools effectively and monitor the system for accuracy.

• Compliance

  Bookkeepers ensure AI applications comply with relevant NZ accounting standards and privacy laws.

• Xero, MYOB, Quickbooks, FarmFocus and many other accounting software use these functions well, but they need to be trained and maintained for them to work correctly.

AI is here to stay and while it currently helps us to be super-efficient with our processing, it also allows your bookkeeper to focus on more strategic tasks to help keep your business humming!

If you would like help to utilize AI in your bookkeeping systems, give us a call, an hour of our time might be all you need. Kathy 0275347569