EzyLearn courses are a great way to upskill and become more confident in office administration and accounting. Some people take an EzyLearn course because their employer wants them to have a qualification, some because they are looking for a job and want to have an edge over the competition, and others because they want to break into a new industry and want the study to back them up.
Whatever the reason might be, EzyLearn has been helping students achieve their goals for over 25 years, and now we want to hear from you!
With so many integrations, Xero has become a leading software for small business accounting. From ecommerce add-ons to payroll and workforce management software, there is a Xero integration for most aspects of business management and administration. It’s little wonder that Xero Courses are becoming so popular.
And credit management is no exception. Chaser HQ is a credit management app that promotes its ability to automate the whole process: from credit checks to chasing up invoices. It’s a UK-based company, but its integration with Xero could see it being used more and more by accounting staff globally, including Australia.
Getting qualifications and experience are the foundational steps in looking for jobs, but then what? It can be a daunting task to join or re-enter the workforce, even with a Certificate in Xero Accounting in hand.
In 2016 the Australian government launched Single Touch Payroll (STP)as part of the Budget Savings (Omnibus) Act 2016. It’s a mandatory obligation for employers with over 9 employees to report their payroll information for each pay run to the ATO.
The idea is to reduce the burden on employers having to report information to multiple government agencies. With STP, employers can report all this information to the ATO through their approved accounting software (like QuickBooks Online, Xero, and MYOB).
But now the rules have changes… AND our Payroll Courses have already been updated!
The worst-case scenario for many businesses is having to chase up overdue payments from clients. Not only is it stressful and frustrating for employees, but it can mean cash stays tied up for longer, lengthening the cash conversion cycle.
Considering how many industries – from retail to construction – extend lines of credit to their customers, it’s essential for businesses to know how to collect their accounts recievable with as little time and hassle as possible.
There are a lot of things that contribute to a successful business, but there’s no doubt that cash is a pretty significant one. Whether or not a business can generate enough revenue to not only stay afloat, but make a profit, determines whether or not that business can continue to operate.
But collecting that cash is not as simple as swiping a customer’s credit card. From the first cent a business spends in buying its stock, to the final cent the business receives in payment from a customer, the cash conversion cycle can tell a lot about just how efficient and effective a business is.
Credit management and collection is the important part of business that can easily become problematic. The awkward phone calls chasing up late payments, the back-and-forth emails and reminders that disrupt your workflow, and – of course – the ageing invoices filling up your accounts receivable as you wait to get paid.
Countless credit management and collection apps have stepped up to automate and streamline the process. If you take a look at Xero’s app store you can see just how many are on the market. Yet for achieving ultimately the same purpose, these apps each have their own features and pricing that will influence which one works best for different businesses.
‘Buy Now Pay Later’ (BNPL) services are becoming more and more popular with consumers and businesses across Australia. There are the big ones – like Afterpay and Zip Pay – but Australian company QuickFee is working to grow their presence and stand out in the market.
Since 2009, QuickFee has focused on providing financial services, such as BNPL schemes, to professional firms like lawyers and bookkeepers. And they’ve been successful – boasting on their website that “more than 65% of the top 100 accounting firms and many legal firms” use QuickFee’s services.
Their recent partnership with Jim’s Financial Services is continuing this trend, and the institution of a Buy Now Pay Later service for Jim’s Group franchisees could mean that Jim’s Bookkeeping will have an Afterpay option for its clients. But what will this look like?
Sales tax might not be high on the list of concerns for Aussie businesses since the introduction of the GST in 2000, but if you’re selling to the US it’s a whole different story.
The US doesn’t have a GST, so each state (and sometimes locality) has its own sales tax rate – which makes it difficult for online businesses to keep track of what they owe and when its due.
Whilst Xero organises all your e-commerce sales and transactions into an accounting system, it doesn’t account for how much of your income is money collected from your buyers as sales tax – which is money you must remit to the government.
HubSpot is a marketing system and CRM built for the modern day content marketing professional. Like most cloud-based services they have their own app store (they call it an ecosystem) and Xero recently boasted about being one of a select group of 16 promoted by Hubspot. They didn’t fair so well though.
Xero Accounting software offers inventory management features in their standard software but it has never been spectacular for companies where solid inventory management matters.
I saw that first hand when I was speaking with the owner of a Boating Sales, Repair and Retail business. That business ended up migrating AWAY from Xero and started using QuickBooks Online instead. This changes everything.
Digital Business Skills are important for everyone who works for a company or who owns one. Authentication for Xero Course students highlighted to me the importance of general digital business skills. Our Digital Business Course has been available for a while as a FREE student inclusion but we’ve recently added to it.
In June 2021 I announced a new Workforce Management Cast Study in development. In their most recent annual report to shareholders Xero announced the acquisition of yet another “integration” that sets it up to become the Sage of Small Business Accounting.
Sage and other ERM’s work on the basis of modules that provide a specific functionality but until now it was only really relevant for the big end of town. Now Xero will capture revenue from several apps rather than charge one price that includes everything. It’s going back to the days of Attache!
I spend a lot of time around website admin areas and online software so I’ve had to authenticate myself using Multi-Factor Authentication for several different online services and choose Google Authenticator.
Xero has recently announced their own Xero Verify app and although I would never use Xero as my authentication software I wanted to check it out and see how good it is. Turns out it’s not so good.