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Your Equity = Assets – Liabilities

Online Xero Training Course - Rule of 40 financial cashflow reporting standard for Xero

Have you spent any time looking at this foundational accounting formula? It’s a formula that shows how wealthy you are – what your worth.

If you are a property owner you would be smiling because of the increase in home values since Covid – and for the last 30 or more years in Australia!

Like most financial reports they don’t tell the full picture by themselves.

Continue reading Your Equity = Assets – Liabilities
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My son asked what my favourite formula is

30_year_mortgage_calculator image from Wikipedia - Advanced Formulas in Microsoft Excel Online Courses - EzyLearn

All I could think about what the financial formulas in our Excel Courses!

He is learning about Pythagorean theory and all I could think about is how to reduce my mortgage!

I’ve spoke to hundreds of people about real estate, land and building new homes in the last few months and the cost of living is such a major issue in most of our lives.

Continue reading My son asked what my favourite formula is
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Are you worth more than a painter?

Are you worth more than a painter - Business Admin Courses with EzyLearn online MYOB and Xero Courses

This might seem like an odd question and I don’t mean to cause any issues with painters. I was looking for a painter recently and was surprised at how much they charge. The most interesting comment was “I’m very good and I will do the work for $400 cash a day”.

Do the maths and that equates to $50 per hour for an 8 hour day. Are you worth that much?

I understand that it doesn’t just come down to an hourly rate but it still begs the question..

Continue reading Are you worth more than a painter?
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Eric Jones inquires about our courses every day, but he also has a message to share

Who is Eric Jones - online sales training by EzyLearn

When you’re a business owner you see all sorts of things that employees don’t normally see. I get to see every online course enquiry for all our courses and its interesting to see what students want to learn but Eric Jones takes the cake.

Eric and his friends enter their details into our enquiry form at least once a day. He wants to learn everything and in ever format possible but want he really wants is tell his own story..

Continue reading Eric Jones inquires about our courses every day, but he also has a message to share
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Should we rename Bookkeeping Academy to Office Academy?

The-Career-Academy-for-EzyLearn-Online-MYOB-Xero-QuickBooks-and-Microsoft-Office-and-Excel-Training-39-cropped

The Bookkeeping Academy is a membership program designed to help our graduates get more training and exposure to find work. We have a lot of Bookkeeping course students who want to learn how to use MYOB and Xero but many of our students are looking for office admin and business admin jobs.

One of the biggest differences between Office Admin and Business Admin jobs relates to business finances and strategy.

Business Admin jobs pay more because you perform tasks that relate directly to the profitability of the business. These tasks relate to both the initial strategy and the financial reporting so they consider all aspects of the business.

Our Career Academy include the following services:

  1. Course Refresher – Cheap ongoing course access and support
  2. Bookkeeping Academy membership – online exposure via National Bookkeeping directory
  3. Job Getter – actively help you find a job that suits your skills and experience
  4. Online Affiliate – work with you to earn an online income
  5. EzyLearn Tutor – help students work through our training programs
  6. Remote Contractor – find office admin and business admin work
Bookkeeping Career Academy short courses in MYO, Xero and QuickBooks Online - get certified

When you look at these services do you think we should rename our academy from Bookkeeping to Office Academy?

Discover the courses that give you discounted membership to the Bookkeeping Academy.

If you have an opinion please send a reply email (if you are a subscriber).

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Bunnings receipts (tax invoices) straight to your MYOB Business software

Smart receipts stored in MYOB from Bunnings - Learn MYOB with online courses from EzyLearn

Unless you’re a tradie with a Commercial “PowerPass” account with Bunnings you probably wouldn’t know about their fantastic system of keeping track of all your tax invoices.

It’s actually quite easy to get a PowerPass account and it’s very similar to using Flybuys. You go and buy all the things you need – like I did to erect the garden shed in our Job tracking and Projects case study for the MYOB and Xero Courses – and scan your card when you pay. You get a discount and your tax invoice is recorded in the Bunnings PowerPass system.

Bunnings-forge-partnership-with-Bunnings-for-Smart-Receipts-for-PowerPass-members-MYOB-AccountRight-and-Essentials-Online-Training-Courses-EzyLearn

You just log into the PowerPass admin area and EVERY SINGLE invoice is available to you there!

Xero made a big deal about their Hubdoc purchase and how it was included for all users when they increased their monthly subscriptions by $2 in 2019.

This was the start of what seems to be an ongoing increase in the monthly subscription price for Xero. Xero appears to come across like a money hungry landlord that has you hooked on their software and wants to see how much they can extract from you.

It’s a big job to change accounting programs and like many software publishers Xero need to increase their subscription rate or earn more money by selling addons that they own – or they can charge a per employee rate for payroll services!

If you are starting a new business or switching back to MYOB Business from Xero learn how to use MYOB Business online with us.

If you are looking for work you are best to learn both version of MYOB: AccountRight and MYOB Business. They are available in our MYOB & Xero Bookkeeping Course Bundles.

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Over 100 Microsoft Excel files to practise and FREE Excel Beginners sample course materials

Learn how to use Microsoft Excel in our Beginners, Intermediate and Advanced Excel Training Courses

I don’t think I’ve spent much time mentioning how many sample files you get when you enrol into the Excel Complete Microsoft Excel Course Package.

There are over 100 Excel course practise files and they cover all sorts of different topics including:

  • databases,
  • calculations and formulas, and
  • graphs and charts.

Most of these files come from the work that I have been involved with over several different businesses.

These Excel course practise files are all unlocked and open so you are also free to use them for your own personal use or business use. Some of the personal uses include calculating your mortgage repayments and figuring out how to reduce your mortgage faster.

There are also practise files to help with forecasting, managing a large contact database and visually showing what the numbers mean using useful charts.

Here is some other information you might not be aware of about our online Microsoft Excel courses:

Excel online training course FREE sample course workbook
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MYOB Business Courses 50% OFF

Get 50% Off MYOB Business Courses!

MYOB Business is the online version of MYOB that now has a full feature set that is desired by small business owners.

MYOB Business now the features that make MYOB better value for money than Xero and at half the price and better payroll features for 2-3 employees it’s the go to accounting software for micro businesses.

We’ve noticed an increase in MYOB Business Course enrolments since their last major upgrade and it might have something to do with their partnership with Bunnings.

Upskill in the newest MYOB online accounting software with our individual MYOB Business short courses.

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MYOB Business vs Xero comes down to payroll

MYOB Business is better value than Xero for small businesses with 2-3 employees

MYOB is far better value for micro businesses with 2 or so employees. When you go past the current marketing discounts and look at the regular monthly rate MYOB is far better value for money at $31 per month vs Xero who charges $70 per month.

Micro businesses are massive employers even though they only have a small number of employees yet they have some of the hardest work to do.

These small business employees have to do all the same administration tasks that larger companies (with more staff) do while also stretching themselves to keep their customers happy.

1-Learn-Beginner-Level-Payroll-skills-with-Trim-and-Styles-Hairdressing-salon-Payroll-training-course-and-Certificate-using-QuickBooks-Xero-and-MYOB

Xero’s pricing has been criticised recently because they’ve continuously increasing prices almost every year despite the hardships that small businesses are going through.

If you are making the switch back to MYOB from Xero or starting a micro business from scratch you can learn everything you need to know with the MYOB Business COMPLETE Course package, including:

  • Daily tasks like quotes, invoices and payments
  • Weekly tasks like credit management (A/R and A/P)
  • Payroll Administration tasks
  • End of Month tasks like bank reconciliation and financial reporting, and
  • Quarterly tasks like lodging your Business Activity statements.

See what is included in the MYOB Business COMPLETE Course package

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Learn MYOB one skill at a time

MYOB is now better value for money than Xero and online

MYOB has struggled for a long time against Xero but now seems to be in a sweet spot for price vs features.

MYOB is used by more than 1,000,000 users in Australia so it is a very good skill to have if you are looking for bookkeeping jobs or business admin jobs.

When we started delivering MYOB courses in a classroom in Dee Why in the late 1990’s I realised early that learning bookkeeping skills is best to do one step at a time. When I say 1 step I mean in training sessions that last no more than about 2-3 hours.

That’s why we created Micro courses in MYOB.

Visit the MYOB Training Course information page and see each of these different skill levels. You’ll see that it is based on the case studies I’ve written recently about like Flockana Cafe and Trim and Styles Hairdressing Salon.

See the MYOB Courses separately

MYOB Business and AccountRight pricing plans - Learn MYOB online

MYOB costs less than Xero but now have similar features and that makes it an attractive choice of accounting software.

Xero on the other hand are constantly increasing their monthly subscriptions and that has caused a bit of an up cry for some users.

Bookkeeping Academy to find accounting jobs. Learn how to use MYOB and Xero with online training courses - Employer Recognised and Industry Accredited.

Bookkeeping Academy course packages are discounted courses which include MYOB & Xero Courses as well as combinations of Xero and Microsoft Excel.

Explore the Bookkeeping Academy courses and current specials.

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Learning MYOB and Xero is now cheaper than learning MYOB or Xero

Xero Course, MYOB Course, QuicBooks Course - COMPLETE Suite Training & Support - Bookkeeping Academy
Bookkeeping Career Academy short courses in MYO, Xero and QuickBooks Online - get certified

The Bookkeeping Academy course packages are now on sale for 60% less!

Ever since Xero started to take market share away from MYOB they caused an increased need for students to learn both of these software programs.

We often get asked “should I learn MYOB or Xero” to which we reply, “have you looked for bookkeeping and accounting jobs online at Seek?“.

With our current bookkeeping course promotion you can learn both programs at your own time and at your own pace for less than enrolling into each course separately.

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Advanced Xero Course on Projects WORKBOOK now available separately

Workbook and training manual covers - Xero Projects and Job Tracking Training Course Practical Tasks Workbook

I wrote about the $600 garden shed that blew out to a $4000 shed and our QuickBooks, MYOB and Xero Courses to manage Job Tracking and Projects recently.

I’m now pleased to announce that you can buy the Xero Projects Course Workbook separately for immediate download.

This rounds out all of our Xero Course WORKBOOKS which are now available separately and are a great way to learn Xero cheaply.

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The $600 Shed that really cost $4,000

Garden shed being erected at Windale investment property - office admin courses - Advanced Xero Projects Course

House renovations and improvements are interesting projects which need good project management skills. Several years ago I had to erect a shed for a tenant and to show how naïve I was about building back then I just saw a nice sized shed advertised for $600 and thought that would do the trick – good size and nice and cheap.

Job Tracking, Projects in Xero, MYOB AccountRight & QuickBooks Online Training Courses to report profits for tradies and builders - garden shed

Luckily I had a friend who was much handier than me and some staff who could help with the project.

Job Tracking (in MYOB) and Projects in Xero is a system where you can allocate job numbers to transactions and then run reports to show the income and expenses that relate to that job number. Seems pretty simple right?

The problem with proper project and job tracking is that it involves many people making sure that they use that job number. Not just office admin staff but the trades people who are working on site need to keep track of every aspect of the job.

tradie pouring concrete for concrete slab for garden shed - project and job tracking in cloud accounting bookkeeping training courses (Xero, MYOB, QuickBooks)

In this case study you’ll see how the trades people going to Bunnings to buy screws and wood for the concrete slab need to keep track of their expenses, just like the tradies who picked up the 10 bags of cement from the depot.

A tricky transactions was when they needed the help of another staff member to come and help put the roof on the shed. This person had to come from another work site, spend 30 minutes helping and then driving back to the other site – it was 1.5 hours of time that needs to be tracked as an expense!

Learn Job Tracking in MYOB and Projects in Xero

Learn how to manage the income and expenses for job tracking using both MYOB and Xero in The $600 Shed Case Study with the Advanced Xero and MYOB Courses. Read other blog articles relating to Xero Projects.

Combine these skills with good credit management skills and you can ensure that your business doesn’t lose money when working on small or large projects for clients.

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Office Admin Courses – GREAT example of when to use online forms

Dirty-walls-and-air-conditioning-unit-need-cleaning-or-exit-clean-at-end-of-lease-office-admin-courses

I was looking for quotes for end of lease cleaning recently and started sending emails and Facebook messages when one of the replies I received directed me to their online formvery smart!

Rather than ask me questions and wait for replies and sending 10 messages to find out basic information this cleaning company had it all laid out on their online form.

The best part of this is that I had to do all the data entry work and my details went straight into their database and email system!

Continue reading Office Admin Courses – GREAT example of when to use online forms
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Advanced Xero Training Course Workbook for Cashflow, Budgeting and ROI is now available for Immediate download

Advanced Certificate in Xero Cash-flow, Reporting, Budgets, ROI and Credit Management

This Advanced Xero training workbook BUNDLE follows on from the BAS course case study of Jerry’s Messy Startup and continues Jerry Lames small business endeavours for The Next Quarter.

You’ll learn how to import transaction data for 3 months of bank statement activity and produce advanced financial reports to learn about and interpret the financial results for his business.

Advanced Certificate in Xero Cash-flow, Reporting, Budgets, ROI and Credit Management

This Advanced Xero Course workbook goes deeper into understanding the financial results of bad business decisions on cashflow and credit management. Many small business owners use all of the money in their bank account because they see it is there and available to them when they can instead chose options that help their cashflow.

Jerry uses digital marketing to find clients for his various businesses and in particular uses HiPages to attract leads. HiPages is a project bidding site just like Airtasker, Bark and ServiceSeeking and this case study looks at whether you are better off getting your own website and using Google Ads to attract people to your business directly.

I’ve written about project bidding websites a few times in the past and am not a huge fan for various reasons. See some of the articles I’ve written about project bidding websites.

Don’t get me wrong, project bidding websites are handy and cheap compared to creating your own website and running Google Ads campaigns but the main winner is the project bidding websites themselves.

Bella interviewed some EzyLearn course graduates and one of the interviews with Jo-Anne, a Registered BAS Agent in Melbourne, revealed a great way to use Bark.com when you’re starting a bookkeeping business.

In this case study Jerry buys a small warehouse for his business so he doesn’t have to bring clients to his house and we explore alternative ways that this “capital purchase” could have occurred.

Buy your copy of the Advanced Xero Course in Cashflow, Budgets and Return on Investment Workbook