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Receipt Scanning, Automatic Coding – Boon for Bookkeepers or Job Killer?

Receipt Scanning, Receipt OCR, number extraction and receipt cloud storage company Receipt Bank integrates with Xero, QuickBooks and MYOB Essentials Training Course session

DO YOU GET frustrated when you see the little box at the bottom of the BAS lodgement form? You know, the one where they ask how long it took to complete the form because I feel like writing, “It took 10 minutes to complete the form, but 4 hours to do the data entry and bank reconciliation work!”

Junior bookkeepers, accounts receivable and accounts payable clerks, and office administrators will all share that their most time-consuming work is data entry, coding and bank reconciliations. However, there is software available which almost totally automates this work — and it’s becoming increasingly accurate and speedy.

Continue reading Receipt Scanning, Automatic Coding – Boon for Bookkeepers or Job Killer?

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Xero In for a Reckoning from Tradies

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I RECENTLY HAD the pleasure of visiting the Reckon head office in Sydney to learn more about their new Reckon One product — and it’s quite a compelling offer.

To start with, Reckon, a listed company, was not allowed to sell its accounting practice management software (APS) to its competitor, MYOB, because Xero HQ wasn’t much chop.

Yes, that’s right, Xero HQ was deemed so “insufficient and unsophisticated” that it wasn’t viewed by the ACCC as offering any competition in this marketplace whatsoever and therefore they wouldn’t allow MYOB to hold the monopoly.

This made me, and no doubt, many others, realise just how powerful Reckon could be in the online accounting market if it had the right software offer — and now it does.

Continue reading Xero In for a Reckoning from Tradies

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Email Is An Important Part of Your Business’s Brand

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Getting your own “branded” email is a cinch!

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[dropcap]T[/dropcap]HE INTERNET HAS democratised many elements of starting your own small business, but, in particular, it has made marketing a small business a whole lot easier.

There are now plenty of inexpensive ways to have a logo designed for your business, just as it’s a lot easier to register a business name, ABN, or GST/PAYG.

Another super easy thing to vastly help your business along is getting your own “branded email address”. What do we mean by a branded email address? Simply an email address that carries your branding in the domain name, for example: info@thenameofyourbusiness.com.au versus the far less professional: yourbusinessname@gmail.com. 

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The Biggest Boost to Business Morale

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WHETHER YOU WORK as a bookkeeper in a small business, are self-employed with your own business, work as a freelancer or independent contractor (maybe even operating a side hustle), as a virtual assistant with a home office, or whether you work as an employee in a large organisation, morale is one of those things that tends to ebb and flow. Continue reading The Biggest Boost to Business Morale

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I’m a Bookkeeper – How Do I Find Good Work?

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As mentioned in an earlier post, job boards offer the best-quality jobs for people in professions that translate to any industry; and this includes bookkeeping and accounting jobs.

And as another post showed, there’s a vast number of bookkeeping jobs posted to those sites every day, be it for casual, part-time or full time work. In this post I’m going to explore some ways to do well in the job market. Continue reading I’m a Bookkeeper – How Do I Find Good Work?

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ANNOUNCEMENT: NEW Microsoft Office Training Course BUNDLE now available

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Learn Microsoft Office — Word + Excel + PowerPoint + DropBox + Much More! = $VALUE

MICROSOFT BUNDLED ALL THEIR Office Productivity Suite software programs decades ago for many reasons.

The MAIN reason was so that all businesses, big or small, could use these software programs to improve their productivity and make them look more professional.

We’re now bundling them together for students who want it all.

Continue reading ANNOUNCEMENT: NEW Microsoft Office Training Course BUNDLE now available
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What Do Employers Want From Bookkeeping Job Sites?

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THE ULTIMATE GOAL of a job site (and they are not all created equal!) is to deliver the highest volume of candidate applications to the job poster (the recruiter or employer), while also providing candidates (job-seekers) with access to the highest volume of top-quality job listings.

Since recruitment classifieds moved online more than two decades ago, the ease with which job-seekers could apply for jobs increased.

Job posters went from getting a handful of applications over the course of a few weeks to hundreds all at once. This spawned the need for businesses to best manage and dare I say it, automate and systemise the hiring process. Continue reading What Do Employers Want From Bookkeeping Job Sites?

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Which Job Site is Best For Part-time, Casual and Contract Bookkeeping Work?

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Why smaller job sites are not always best for smaller, one-off jobs

WHILE AUSTRALIA HAS NO shortage of jobs sites, only one of them dominates the Australian job market: Seek. It’s the largest and most profitable job board in the country — and the operator of leading sites around the world, in China, Southeast Asia and Latin America.

In Australia, Seek controls 85 percent of the online recruitment market, with 173,000 job listings and average monthly traffic of 19.2 million visitors; nearest competing job board Indeed, the aggregator owned by Japan-based Recruit Holdings, has 106,000 listings and average monthly traffic of 9.3 million visitors.

But there are many smaller websites where accounting jobs can be found.

Continue reading Which Job Site is Best For Part-time, Casual and Contract Bookkeeping Work?
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The Best Job Sites for Accounting & Bookkeeping Jobs

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JOB SITES ARE IN ABUNDANCE in Australia. The market leader is Seek, which controls 85 percent of the online recruitment market. Most job site advertisers use Seek because they will get the widest and potentially best range of job applicants and job seekers.

Typically, if you’re looking for a good-quality job that doesn’t tie you to a specific industry — the way journalism ties journalists to the media industry, or construction work ties builders and plumbers and cabinet-makers to the construction industry — you’ll find it on Seek. But here are 8 more website you can use.

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Working Less to Earn More? Why Freelancing is So Darn Popular

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EMPLOYEES IN GERMANY have the world’s shortest work week, according to SME Magazine. Their work week averages just 26 hours due to strict workplace relations laws that promote a healthy work-life balance.

Sweden is also known to have implemented a 6-hour workday, or 30-hour work week, following research which has found that countries with shorter working hours generally have higher disposable incomes, greater productivity, and a stronger economy as a result. How can you do this in Australia?

Continue reading Working Less to Earn More? Why Freelancing is So Darn Popular

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Watch out for FAKE Statements of Attainment for Xero & MYOB Short Courses

I’VE WRITTEN MUCH ABOUT accredited training in the past, relating particularly to the use of the term “Diploma”. Just recently, I discovered more murky marketing by a newcomer to the bookkeeping short courses industry.

What’s scary about these training course providers is that they make claims to offer a Diploma, and then after 2 years in business, they apologise for “something beyond their control” like a change in legislation which tells them to stop calling their courses Diplomas, when they are NOT and NEVER WERE IN THE FIRST PLACE!

Want to know why they do this?

Continue reading Watch out for FAKE Statements of Attainment for Xero & MYOB Short Courses

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How to Become an Office Administrator

AN OFFICE ADMINISTRATOR, or administration officer, will provide an array of general administrative tasks for a business or organisation.

These include filing, archiving, calendar & project management, reporting and customer service. Some office administrators carry out basic bookkeeping tasks, such as creating and recording invoices and expenses and the more skills you have the more valuable you become.

Continue reading How to Become an Office Administrator

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How to Become an Accounts Payable Officer

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ACCOUNTS PAYABLE OFFICERS are responsible for paying invoices owed by a company to its suppliers or vendors.

They typically work in medium to large-sized businesses, where they may also be called an accounts officer and be responsible for investigating the cost of wages, materials, overheads and other operating expenses.

Here are some of the other common tasks you’ll find in an accounts payable officers job description.

Continue reading How to Become an Accounts Payable Officer

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How to Become a Payroll Officer

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WE HAVE FOUND it particularly useful to talk about the kinds of job outcomes they might expect from enrolling in our online training courses. If you’re after a job as a Payroll Administration Officer, or working with payroll generally, then you’ll need to be able to conduct payroll processing, tax and superannuation calculations and the payment of staff within a company.

People working as payroll administration officers, or payroll administrators, can also work as bookkeepers, or even BAS agents, who specialise in payroll only; either within the payroll department of a business or accounting / bookkeeping firm.

Here are some common Payroll Administration tasks in a job description.

Continue reading How to Become a Payroll Officer

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How to Become a Bookkeeper

BOOKKEEPERS PROVIDE ESSENTIAL services to businesses by processing and recording everyday financial transactions, and keeping accurate records.

They usually work in small to medium-sized businesses, where the scope of their role and responsibilities will vary based on the size of the business.

Many bookkeepers are also required to prepare and lodge business activity statements (BAS). To provide BAS services for a fee, bookkeepers must be registered with the Tax Practitioners Board (TPB).

Continue reading How to Become a Bookkeeper