The Australian Taxation Office (ATO) will be rolling out Director Identification Numbers (DINs) in 2021. The introduction of DINs is to help address illegal phoenix activity and help protect businesses from being affected by the damage it causes.  The Australian Business Registry Servic...
Running a business means constantly shifting focus – you’re so busy in the day-to-day, that it can be hard to keep track of all the moving parts. Pencil, on the other hand, is in a unique position. We have a birds eye view of the businesses we work with, which gives us special insight ...
If your overdue invoices are building up, no doubt you have looked at ways of automating the process using some type of reminder process. This most likely has been out of your accounting software; however, you may not have turned them on as they don’t provide the right solution for you a...
When buyers purchase goods on trade accounts there is always a risk that buyers will take their stock and run. This is called supplier hopping. The way it works is: A buyer signs up with a supplier and orders some stock on credit. The stock is delivered and an invoice is raised. The buyer ...
Can you locate your credit applications? Does this sound like you? You give your customers payment terms or trade credit. Part of the process is for a buyer to complete a credit application. Your credit application is in PDF or paper form. You send it off to new buyers in the hope that it ...
Does the following sound like you? Your credit agreements have evolved over time from a word doc to a PDF that needs to be printed off, filled in, signed and scanned back. Your customers are still printing, filling-in, signing, scanning and sending back incomplete credit apps. Missing info...
Mouthing Manufacturing With Sourci.​ Episode 2: Part 1 https://www.youtube.com/watch?v=qyVNvxHTSMk Episode 2: Part 2 https://www.youtube.com/watch?v=ICEP_OOLu1k Episode 2: Part 3 https://www.youtube.com/watch?v=1IN1aa3-gKc...
Talking tech stacks In this episode CEO of Pencil Pay, Tim Demetriou discusses tech stacks with Rob King from Integration kings. For more info about Integration Kings click here!...
The way we’re going to be judged after the pandemic, is how we’ve treated each other in the face of hardship, The question we really need to ask ourselves is “Are we going to be able to continue a mutually beneficial relationship and look each other in the eye when things ret...
