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MYOB course students have already achieved their 2013 resolutions

MYOB training course certificate for your resumeWhen we closed our last Sydney training centre in 2006 and put all of our MYOB course content online it was very early for online training and I was a little worried that students would want to do online courses. What I’ve discovered in this first week and the first week in most of the previous years confirmed my decision to offer our training courses online.

Traditional training centres have a strict schedule that they need to fit into because they have room-hire, trainers and need to get enough students to fill a class. The convenience of online training has enabled many students to enrol and even complete their MYOB training while they are on holidays and have the time to do it. What a great way to get through your new years resolutions quickly.

We’ll be doing a certificate run at the end of January 2013 so when most people (who aren’t aware of online training) are thinking about enrolling into a course at a training centre, our students will have a MYOB Certificate to put in their resume.

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Teleworking – how does it benefit you?

Teleworking, home based business work from home

Teleworking from home

While Australians have had the ability to telework by using laptops, tablet devices, and smartphones, to connect to work for sometime, it’s unusual for employees to do this on a regular basis or even to be employed solely on this basis.

However, research both locally and internationally has shown the great benefits that teleworking can offer employers and employees, and in fact, the country as a whole.

For employers, teleworking assists with the recruitment and retention of staff, particularly young employees and those transitioning to retirement, but it also reduces staff turnover and absenteeism usually triggered by changes to family circumstances.

Teleworking saves money

In other, more tangible senses, teleworking reduces the costs associated with office space, such as energy costs and infrastructure, now that employees can remotely access files and documents using cloud accounting and storage software like DropBox.

But the real benefits for employers are derived from the benefits experienced by their employees.

Being able to work from home has been shown to greatly increase an employee’s work/life balance, which in turn drives job satisfaction and on-the-job productivity.

And by reducing commute times and the mental stress associated with juggling work and family commitments, employees have more time to up-skill by enrolling in distance education or online courses (like one of our MYOB courses), which will be even better with the NBN, which increases the number of highly skilled workers in the labour force.

Teleworking levels the playing field

While employers have access to a larger labour pool and employees likewise have access to a larger pool of employers now that geographical restrictions have been removed, teleworking also increases the instances of people starting a home-based business.

It is these benefits from teleworking, such as the increase in labour participation, the uptake of further education, and the growth in new home-based businesses that is not just great news for Australian employers and employees, but also for the Australian economy.

The scary news about teleworking

The major risk to Australian workers is that the increased pool of workers also includes workers in developing countries like the Philippines and India who are often very well trained and willing to work very hard for much lower pay. Even if we look at the USA we find remote workers who are willing to perform most small business operational tasks for $15 per hour.

There may be a benefit in living in the Australian time zone, speaking good English and writing well, but when it comes to many fields of work like graphic design it has really become a global market place for workers.

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How Do You Earn $80 Per Hour as a MYOB Bookkeeper?

How much can you earn as a MYOB Bookkeeper?

FOR ANYBODY WHO DECIDES to be self-employed and own their own business, or who is doing so already, the question of how to match the hourly rate of someone working on salary while working in your pyjamas is one that frequently goes unanswered.

But ponder no more.

If you’re well versed in the advanced features of MYOB, Xero or Quickbooks, possess an accounting qualification and can operate your business as an independent contractor, you’re well on your way to earning the big bucks as a bookkeeping consultant.

Specialist skills earn you more money

Currently, bookkeepers with a good understanding of things like time billing, job reporting and forecasting, advanced payroll, end-of-period transactions and journal entries, as well as Australian tax, are highly sought after by other businesses to work as consultants.

Of course, you could also carve out a niche specialty for yourself if you happen to be highly skilled in a particular sector or industry.

MYOB Training Online

Our MYOB courses (offered for one low price and include lifetime access) cover 85% of the MYOB skills the majority of MYOB bookkeepers require to perform most bookkeeping tasks. For everything else, however, it’s a good idea to engage the services of a specialist who can provide a solution to your specific needs.

We also provide in-depth online training courses in Xero, Quickbooks, Small Business Management and start up and social media.


learn cloud accounting online training course videos xero excel myob quickbooks

At EzyLearn we include all versions of a software program in our training courses. When you enrol in Lifetime Course Access you get access to ALL versions and ALL FUTURE VERSIONS as we continually update them — at no extra cost!

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Does Google compete with MYOB in cloud accounting?

Cloud accounting software and training

I was recently speaking with a professional journalist who told me she uses ZoHo for her accounting. Luckily I am aware that ZoHo offer a large range of office applications that all run in the cloud on Google Chrome market place. If you are a gmail user you know what I mean.

Google is one of the largest cloud based software companies that most people know. Everything they do is in the cloud. If you have seen their Android platform for mobile phones you’ll be familiar with their Play service (where you can buy apps and games and music from the Google store as opposed to Apple’s iStore. The Google Apps market-place is just the same, and there are thousands of applications (many of them free) that you can install and use.

I spoke with her about our online MYOB Training Courses and when I probed a bit deeper in my conversation with Angela, this is what I discovered:

How I came to ZoHo is pretty simple: it was a Friday afternoon (notoriously the busiest day of the media’s week) before a long weekend (it was a lot like a Yoko Ono album: a shambolic combination of chaos fraught with anxiety) and I had to file my first freelance article and invoice the magazine in order to get paid.

When you start out as a freelancer, all your energies are solely trained towards getting that first commission. You worry about that other stuff later.

Later was now. And I had less than thirty minutes to whip up an invoice that didn’t betray that this was my first commission. But I had never properly seen an invoice before in my life. After all, I was a writer, not an accountant.

Enter the miracle of the modern world (some say electricity, I say Google). After Googling “invoice template”, up popped ZoHo and while the journalist in me wants to tell you that I shopped around, did my research, made comparisons with other cloud accounting apps, I didn’t. It had me at Sign Up For Free.

Like most other writers I know, I rather loathe the admin/business side of my business. Chasing people for money, in particular, is maybe the least favourite part of my job.

Aside from it going against my “be free and artistic, not rigid and business-like” mantra, I do not ever recall seeing Carrie Bradshaw awkwardly hunt down her editor at Vogue for money that was owed to her.

So imagine my surprise, then, when I came across clients that didn’t pay up by the invoice due date!

Fortunately, ZoHo takes care of all the awkward “overdue invoice” correspondence, with a nice, albeit slightly passive aggressive, form email that’s automatically sent out to those offending late-payers.

If only I could just remember to record the payments for the invoices that have been paid, I’d also be able to avoid some awkward “sorry, I did receive your payment – ZoHo must have malfunctioned somehow” emails.

Clearly, the business side of my business is still a work in progress.

The thing about Google is that if you think about it, they compete with almost everybody in some aspects, but ZoHo is just one of many apps that provide accounting services on the Google Apps market place.

As part of our offer for MYOB courses we include 12 months access to the Bookkeeping Academy which provides training on a number of different cloud accounting programs including Reach Accounting from NetRegistry, SAASU and Xero.

 

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What’s the cheapest cloud accounting software? How does it compare with MYOB AccountRight Live?

We’re augmenting our MYOB Training Courses as you may already be aware and that includes new training courses for cloud based accounting software like Reach Accounting.

Currently, the cheapest Australian cloud-based accounting software is Reach Accounting, provided by Australian domain registration and web hosting company, Net Registry.

Net Registry has been operating in Australia since 1997 and, over the years, has grown from a start-up business to the largest and most trusted provider of domain names and web hosting in the country.

Web hosting, as some of you probably already know, is another cloud-based service, so it seems only natural that Net Registry would eventually move into the cloud accounting space, which they have done with Reach.

While Reach is certainly the cheapest Australian-based cloud accounting software on the market, offering great benefits, such as, multiple user access (so everyone from owner, to staff, to bookkeeper, to accountant can have access at the same time from different offices), unlimited support and no hidden fees, it differs in functionality to MYOB AccountRight Live.

Over the years, MYOB AccountRight, has become a rather sophisticated piece of accounting software; its features include, access via the PC or the cloud, inventory, bill by time and more.

However, if your business model is relatively simple, Reach Accounting could prove a more economical option coming in at around $10 per month cheaper than the basic version of MYOB AccountRight Live, by far Australia’s cheapest cloud-based accounting software.

Although we do not provide training on MYOB AccountRight Live, we are exploring it along with Reach Accounting as part of the Bookkeeping Academy.

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Is Reach Accounting good for serviced based Small Businesses?

We have previously written blog posts about our Bookkeeping Academy and in particular, how students of our MYOB training courses can gain access to this for FREE. We are currently creating training materials on how to use Reach Accounting from NetRegistry.

We are currently creating new content for various cloud accounting software vendors, and in particular is the Reach Accounting package. This package is ideal for small serviced based businesses such as graphic designers, website designers and even bookkeepers . The Sales layout (Invoice) is more suited to small service based businesses’ as it does not allow you to manage items or inventory, but at only $14.95 per month it is extremely affordable while enabling you to remain compliant with your recording and reporting requirements.

Reach Accounting BAS Calculation Report
BAS Calculation Report

Our Course Designer, Certified Bookkeeper and Registered BAS Agent had this to say about Reaching Accounting:

I love the report functionality and its ease of use, especially for people who are not familiar with bookkeeping or accounting reports. The BAS Calculation report is a prime example of this, whereby [quote]it gives us the information needed to simply transfer onto the BAS[/quote] . Another thing that really impressed me was the Thank Client Email functionality, this is received by the client in a professional look, displays the information needed and they can also see a list of their transactions regarding the invoice just by clicking a link in the email.

We are continually creating new content for our Bookkeeping Academy and if you have not already, sign up to one of our MYOB courses which include Lifetime Membership, and free 12 months access to all the content at the Bookkeeping Academy.

Please feel free to share your comments with us our Facebook page and connect with us at Linkedin.

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Join the Google Petition to keep the Internet free

keep the internet free and open - from googleEverything we do in our business to help people find work, start a business or become more productive using our MYOB courses is made possible because of the Internet. When we provided MYOB training at our Sydney training centres we could only service people living around Parramatta, Chatswood and Brookvale because of the physical location of our centres and the costs were higher because we had to pay rent, good quality trainers, computer equipment, training materials and more.

Today I received an official blog post from Google about a petition they are compiling in support of their “Keep the Internet Free and Open” campaign and I thought this is something that needs to be shared. We’ve seen so many examples of restriction of speech for people in dictatorship type governments and we also know the financial cost of tightening controls on ownership of key business sectors (monopolies usually means strategic power, which means they can set the price they want).

You can do just as I have and participate and show your support by signing the petition. It also gives you the opportunity to write something meaning full… I hope I find my quote appearing somewhere on the Internet soon – it was very inspiring…

 

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What is Teleworking?

Teleworking from home in Australia - NBN

In a nutshell, teleworking is the ability for employees to work remotely, usually from a home office, rather than travelling to the workplace. And it’s something that Australia, and indeed, the rest of the world has been moving towards for some time.

If you think about it, ever since the widespread adoption of email, the wheels have been in motion for an era where people could opt to work from home rather than commuting to the workplace every day.

For a while, though, it has been a bit of a logistical nightmare. If you’ve ever tried to work remotely before, then chances are, at some point you’ve uttered one or all of these complaints: “This file is too large for me to email”, [quote]I don’t have that software installed on my home PC[/quote]  or “My Internet’s really slow. I might as well just come into the office”.

But when you throw things like broadband Internet, laptops, tablet devices, smart phones and the latest little life-saver, cloud accounting and storage software (like Dropbox) into the mix, working remotely, or teleworking, slowly but surely got easier.

The benefits of teleworking to employees and employers, plus also to the Australian government are huge, which is why the Australian government spearheaded the move to a National Broadband Network (NBN), which, when rollout is complete, will see high-speed Internet cabled into nearly every Australian home (93%).

The NBN will give you the freedom to things like enrol in distance education or complete one of our MYOB courses, work from home, or even start a home-based business without having to worry about poor or unreliable internet coverage.

Teleworking is the future of all Australian workplaces – you can learn about the benefits of teleworking here.

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I was scared of social media

EzyLearn facebook page for MYOB coursesI recently featured Robert Crane from CIAOPS with his advice to small businesses regarding Linkedin ( I hope I didn’t confuse him with the CIA in the USA!?) and I’m following it up with our own story about social media.

Two years ago we were promoting our online MYOB training courses knowing that the MYOB Setup course used training materials from version 15. I know, you might be thinking to yourself that MYOB is now past version 19.5 (if you are using the old naming convention), but if you know MYOB software you’d know that the navigation around the software didn’t change significantly until their latest version. Regardless, I was afraid!

I felt VERY comfortable keeping our training materials at that version, but I was terrified of people talking about it! Particularly in social media. Most of our courses now have updated videos, workbooks and knowledge reviews for the latest version (2012) so I am proud to announce it! We also offer both versions to all students (along with lifetime access) and the video format we use is not longer flash so the training videos can be viewed on an iPad.

You might not know that we also make a lot of our MYOB training videos available for free at YouTube and I was scared to share that information as well because I was scared that no one would then do our online MYOB courses! What I have learnt in the past few months is to embrace social media. My team and I are very proud of the MYOB courses we offer, our lifetime access, our money back guarantee so we are now announcing all our social media websites.

Please feel free to share your comments with us our Facebook page and connect with us at Linkedin and here’s to a successful social future to us all! Let’s not be afraid of social media any longer.

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Are you a website designer who needs a bookkeeper?

Website-Designer SEO and PPC in AustraliaIf you are familiar with our online MYOB courses you’d know that each course includes at least one training workbook and each workbook goes through a common scenario of daily, weekly and monthly transactions to teach our students how to use MYOB accounting software. We are now seeking information from website designers and SEO professionals about their bookkeeping needs because we are assembling a new MYOB training workbook for website designers!

When we start designing our workbook case studies our quest always begins with “What does a web designer and SEO expert offer” and here are some of the things we have come up with.

  1. Concept design and website goal setting
  2. Theme design (if you use WordPress)
  3. Page structure, menus and written content
  4. Images to be used (graphic design, clipart or custom photography)
  5. Blog writing
  6. Social Media Marketing and commenting
  7. E-commerce
  8. Domain name registration
  9. Hosting Services
  10. Setting up and managing Google Adwords Pay Per Click (PPC) marketing

If you are a website designer and you want to have some input into the the contents of this course please feel free to make contact. You need to be an Australian based company and you can feel free to promote your services via our facebook page.

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CIA Provides Secrets about Linkedin

LinkedIn: The Living CV

I’VE WRITTEN A NUMBER of posts about the power of LinkedIn to replace the traditional resume, but after speaking with an expert from CIA (Sydney-based company, Computer Information Agency or CIAOPs) I learnt some new secrets about Linkedin. Robert Crane, CIA’s Director, shared some tips as to how and why LinkedIn is a fantastic tool to help you get a job AND find more customers.

Robert-Crane-Digitar-web-linkedin-secrets
Robert Crane is the Director of Computer Information Agency

Here’s what Robert had to say…

One of the greatest advantages that Internet based technologies can provide is leverage. Nothing could be more the case than with social media. Unfortunately, too many businesses and professionals fail to see the potential that it can provide themselves and their businesses. Probably the most effective social network for business is LinkedIn.

You may be surprised to know that LinkedIn in has been around for over a decade. It was around long before Facebook and Twitter as a source of connecting business people together. LinkedIn allows you to create a personal or business profile to which you can add all kinds of information.

[quote]Many professionals use LinkedIn as a “living CV” where they can post their career and achievement records for others to view.[/quote]

Sharing that information with others help them grow their potential network and makes it easier for others to locate people with the right skills.

The True Power of LinkedIn

This is where the key technology of search begins to reveal the true power of LinkedIn, for not only can you share your information with others, independent parties can search LinkedIn and locate individuals with the skills they need. This is reason why so many HR people use LinkedIn to locate and target individuals with the skills they require.

[quote]Posting resumes and trawling employment website is now ‘old school’. Indeed, the highest quality applicants are signed up via Linkedin even before a job is offered.[/quote]

Is It Too Late for You?

This means that if you are not using Linkedin your competition probably already is. So what can you do to catch up?

  1. Firstly, you’ll need to create a LinkedIn account and then fill in the information about yourself. The more professional information you provide the better. It is also important to include a professional headshot as part of the profile so if you don’t have one of these go out and get one.
  2. Once you have all your information entered start looking for people and associates you know who are already on LinkedIn. When you find them send them an invite to ‘connect’ with you on LinkedIn.
  3. Once you network starts to grow make sure that Linkedin becomes an ongoing part of your business strategy. Don’t let the information you have entered get stale. Revisit your account regularly and ensure it is always as current as possible. As you meet new contacts look them up on LinkedIn and ask them to ‘connect’ with you. Always be looking to grow your network and don’t be afraid to ask people in your network for introductions to others on Linkedin.
  4. When you start to feel comfortable with Linkedin use the testimonial feature to ask business contacts and clients for referrals. These referrals can be directly posted on your profile for all to see.
  5. Nothing lends credibility like endorsement so always continue to seek them out and grow the number that you have. Once the endorsements start to flow make sure you direct other information about your business to your LinkedIn information. Use it on your website, business cards, etc.

Other Powerful LinkedIn Uses

The more you work with LinkedIn, the more powerful you will find it. When you need something you can ask your network of contacts, you can search their skills for what you need, and you can join any number of special interest Linkedin groups on the very topic that you are seeking assistance on. Because Linkedin has become such a worldwide tool for business, chances are you’ll find the person or business you’re looking for, if you know how to use it.

Jump On the Social Media Bandwagon

I went to a seminar recently and heard Nick Bowditch from Facebook speak. He said that the businesses engaging with, and using, social media will be the ones still around in 5 years. Perhaps it’s arrogant to think that social media is so mighty, but given the speed with which technology is moving these days, and the ferocity of competition, it’s better to build a profile, reputation and brand that people know, like and trust — and social media is the opportune way to do this.


Social Media and Digital Marketing online training course_comp

Are you in business as a bookkeeper, tradesperson, retailer, trainer or real estate agent and want to stand out from the crowd? We can teach you the online marketing techniques to help you do just this! Check out what’s included in our comprehensive Social Media and Digital Marketing online training courses.


 

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Woman who loves tech loves MYOB software

Telework Australia Website - work from home and MYOB coursesI wrote an article about work-at-home mums earlier this year and handed out praise to our own EzyLearn team, who are mostly work-at-home mums. Ever since I opened my first training centre in Sydney’s Northern Beaches suburb of Dee Why back in 1999 mums have come to EzyLearn to get new skills to find work and MYOB was always a popular choice.

Our MYOB courses have been popular because bookkeeping skills enable mums to work their own hours and earn a good hourly rate. The bookkeeping industry is also evolving to the point where the Internet and cloud accounting is enabling bookkeeping as a virtual service that mums can perform at home!

I’ve always disliked the term virtual assistant (or VA) because it makes you think that VA’s aren’t real that they are virtual. I was speaking with an HR consultant from the UK and he told me that in Europe they use the term remote worker or remote contractor which I think it much more relevant because it’s more accurate. The Australian government appears to have adopted the term Teleworking and they’ve assembled a website to explain how it works and encourage this type of work in Australia.

Frederique Digitar - MYOB invoices and working from homeOn the topic of women working from home, I had the pleasure of meeting Frederique from Women Love Tech the other week and we got into a conversation about the blogging business. I write this blog to help our MYOB course students learn more about bookkeeping, accounting software and the computer industry as it evolves into the cloud, but Frederique covers a lot of topics that are of interest to tech savvy women. She’s written some interesting articles about technology and I thought this one was very handy for anyone operating a business. It’s about how to create a good invoice.

One of the best parts of working from home is that you can get more done (if you have a good working environment and dedication to the task), it saves on traffic and it empowers more individuals to control their own destiny!

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Online Accounting: Has Xero Turned the Tables on MYOB in Australia?

Xero cloud accounting Share Price on ASX via CommsecWE RECENTLY FEATURED AN article by Margaret Carey comparing Xero vs MYOB and as early as 2010 I wrote about Xero’s solid growth in the online accounting area and how it could steal business away from MYOB.

If you read my blog posts or follow the news about accounting software and cloud-based accounting software, you’ll be aware that MYOB is now owned by a large private equity organisation called Bain Capital (which was co-founded by Mitt Romney). I believe it overpaid for MYOB and as a result has to fight hard to justify its price and keep as many customers as possible. However, regardless of that, it’s interesting to see that MYOB is now the US competitor to the New Zealand and Australian owned Xero.

How is MYOB American?

What do I mean? Well, MYOB was once an Australian-owned company that you could buy shares in — it was listed on the Australian Stock Exchange. It was subsequently purchased by Archer Capital and later sold to Bain. During this time, the man who started MYOB, Craig Winkler, sold his shares in MYOB and became a major investor in Xero. Read this article from the Sydney Morning Herald to better understand the “lay of the land” about cloud-based accounting software.

You can buy shares in Xero

Up until last week you could only buy shares in Xero through the New Zealand stock exchange. Last week, things changed and you can now participate in the fresh new competition in the online accounting market by buying shares in Xero! The graphic shows the rise of the share price since listing.

This blog post isn’t financial advice because I don’t know about your personal circumstances, but it could prove to be some safe career advice to get to know the software because they have listed in Australia in order to endear themselves to you and other small businesses in our part of the world.

Want to check out Xero’s ASX ticker and start keeping track of their price? Follow this link.

MYOB Bookkeeper, does this affect you?

If you are looking for work as an MYOB bookkeeper you will come across cloud accounting sooner or later because all the accounting software vendors are developing cloud based products. MYOB has recently launched their cloud accounting program MYOB AccountRight Live because they want to take advantage of the mass movement into the cloud.

More importantly as a bookkeeper these days you need to have bookkeeping qualifications like a Cert IV in Bookkeeping as well as software skills to find work or run your own bookkeeping business. Because of the more competitive landscape in online accounting you’ll also find several different accounting systems are being used and the more you know, the move valuable you become.

Always updating our content

In conjunction with bookkeepers, accountants and other finance industry experts we are always adding training materials covering a number of different cloud accounting applications like Xero, SAASU, Reach Accounting and MYOB AccountRight Live to our online training platform. We are also adding case studies to our courses to make them more true to life and interesting. When you enrol and opt to purchase our Lifetime Access option, you will have access to all updates to our courses forever.

Our online courses can be counted towards your CPD points

Online bookkeeping accounting training courses for CPD points

EzyLearn Excel, MYOB and Xero online training courses count towards Continuing Professional Development (CPD) for bookkeepers and accountants. We’ve been an accredited training provider of the Institute of Certified Bookkeepers ever since the organisation started in Australia. Find out how CPD points can be of benefit to you.


 

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Online MYOB Courses with a 30-Day Money-Back Guarantee

MYOB Training Courses with 30 Day money back guarantee

Full Money-Back Guarantee

IF YOU’RE FAMILIAR WITH our online MYOB courses you might recall that we offer a money-back guarantee. We’ve always offered this guarantee because online training is still a relatively new phenomenon for many students. Perhaps these students would still prefer some one-to-one, personal attention from a tutor in a class-based training course.

Our original money-back guarantee was for 7 days, but after speaking with a handful of new students they seemed anxious that they didn’t have enough time to get around the course to see if it’s right for them. Some of our fastest students manage to get through the entire course within 5 days, most people get through it in 2-3 weeks, but regardless of how fast or slow you learn, all new students have the 30 day money-back guarantee.

We also offer the 30-day money back guarantee because we think we offer the most comprehensive MYOB courses available in Australia. Our online MYOB training includes:

  • 5 MYOB courses (Set Up to Payroll)
  • 7 training workbooks (some MYOB courses have 2 workbooks)
  • 7 different case studies (each workbook takes you through another example of how MYOB accounting software is used)
  • Over 250 training videos
  • Several MYOB versions (version 15 to 19, as well as the latest version 2012)
  • Knowledge Reviews to test your skills regularly throughout the course
  • 12 month’s or Lifetime Access so you can use the MYOB courses as an ongoing resource.
  • FREE student membership to the Institute of Certified Bookkeepers (ICB)

 

Our MYOB courses will give you confidence whether you:

  1. are applying for a job that requires MYOB
  2. want to be more useful in your current job OR
  3. want to start (or better manage) your own small business

Our new 30-day money-back guarantee shows how confident we are in the value of our online training courses. Find out more about our MYOB training courses. Enrol today and start by 5pm next business day.


online bookkeeping courses to earn cpd points

EzyLearn Excel, MYOB and Xero online training courses count towards Continuing Professional Development (CPD) for bookkeepers and accountants. We’ve been an accredited training provider of the Institute of Certified Bookkeepers ever since the organisation started in Australia. Find out how CPD points can be of benefit to you.


 

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Should I switch to Xero or remain with MYOB?

Xero and MYOB

cloud-accounting Xero and MYOBI’ve written many articles about the building competition between cloud-based accounting services like Xero, SAASU and Reach Accounting and MYOB’s AccountRight Live, but I sought an opinion of someone with much more experience with the various bookkeeping programs. Margaret from BusinessEEz is an accounting software specialist and she will share her opinions about whether you should switch to Xero or remain with MYOB.

We’ve noticed some big changes in the most recent version of MYOB AccountRight version 2012 and these changes not only affect small business owners, but also bookkeepers who perform most of the day to day and month end tasks for these small businesses.

Here’s what Margaret had to say about Xero and MYOB.

Should I switch to Xero or remain with MYOB?

Cloud accounting specialist xero and MYOBBy Margaret Carey

MYOB is about to launch AccountRightLive, the cloud-based version of AccountRight 2012 which is exciting news for business owners, bookkeepers and accountants as it means that you will have the ability to remain on MYOB and enjoy the flexibility that the cloud can offer. Xero has of course been in the cloud for some six years and has wooed many Australian small businesses with its ease of use, functionality and flexibility. However now AccountRight Live is becoming a reality, business owners and bookkeepers can more readily compare apples with apples when deciding whether to switch or remain with the familiar product.

There are a number of key points of difference.

Firstly with MYOB you can choose to switch between the cloud and the desktop at any time but Xero however is a cloud-only product, accessed via a web browser and an internet connection. Some people may like the flexibility of being able to switch between the two, taking offline backups etc. and others are happy with the restriction of internet–only access, no offline backups.

[quote]MYOB is also allowing for up to 5 concurrent users, a welcome addition for users on Plus and compares well with the unlimited users for Xero.[/quote]

However, I believe that functionality is a major driver in product decision and there is a lot to consider here.

Functionality of MYOB

MYOB has been around for many years and over time has built up some industrial strength functionality. Xero has only been around for 6 years (less in Australia) and whilst new releases with new features come out every couple of months, it still has a way to go to catch up with the in-depth functionality of MYOB. So if your business has some more sophisticated processes – eg Job Costing, Purchase Order tracking

If you hold inventory for buying and selling, then you need to remain on MYOB, Xero does not have an integrated inventory solution, there are plenty of add-ons available but why go for an add-on if you can have an integrated solution?

Xero does now have a reasonable integrated payroll solution but again, if you have some more sophisticated requirements such as TOIL, RESC etc, you should carefully review how well Xero will handle these.

The number one efficiency feature with Xero is its bank feeds. You can directly download transactions from your bank accounts into Xero and through some sophisticated but easy to set up rules, Xero will suggest the correct postings for the transactions – this is a powerful feature that can save several hours of data entry but is probably more suited to the micro business than the small business.

In summary,

  1. If you have a fairly simple business model, no inventory, straightforward payroll and are comfortable with a cloud-only solution then test drive Xero – you could well find that factors such as the bank feeds clinch the decision for you.
  2. But, if your business model is more sophisticated, you are still attached to a terra firma option or you need inventory then you are better sticking with the software you know.
  3. For all shades of grey in between – further analysis may be required to make the best decision for your business.

Learn more than just MYOB

When you enrol into our MYOB courses you receive free membership to the Bookkeeping Academy where we’ll show you how to use other accounting software programs like Xero, SAASU, Reach Accounting and more..

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Will you do it when you feel more confident?

Confidence to get that job and start a business

Confidence

Is low self-confidence contributing to you not achieving your work or life goals? When we held MYOB Courses in our Sydney Training Centres I remember speaking to a lot of mums who were returning to the workforce after a long absence while they were looking after their kids. Lack of confidence was one of the major topics that came up. It was like a whole lifetime had passed since they left the workforce and their lack of confidence was stopping them from finding work.

The same is true for business owners. I was recently speaking to a business coach who has helped many small business owners start and grow their businesses, including bookkeeping businesses. We are very happy to have Di Brown as a contributing specialist so read on to discover some insights about confidence and reaching your goals.

Is lack of confidence holding you back?

Business coach for starting a new business or getting the dream jobBy Di Brown

Are you one of the many people whose lack of confidence is holding them back, keeping them stuck or stopping them from making a career change they desperately want?

How many times have you heard someone say, ‘I will do it when I feel more confident?’ The truth is, the only way you are going to become more confident is by doing it. In her book Feel the Fear and do it Anyway, Susan Jeffers states that you are never going to get rid of fear. Even the most successful and confident people feel fear. The only difference is that they ‘feel the fear and do it anyway’. Eventually through repetition and experience it does get easier and you do become more competent and confident.

We all started out with confidence, it is inside every human being. For example when babies attempt to walk for the first time, there is no hesitation about what they want to do. There is no worry about falling because they know exactly what to do when it happens. Stand up and do it again! We were all babies once with the confidence to learn to walk and go for what we wanted.

The action of doing

It’s in the action of ‘doing’ that confidence grows! Do you remember when you first learnt to drive a car? I do! It was a new experience and a bit scary; there were so many different things to remember. There was the brake, accelerator, clutch and gears, speedometer and blinkers. I don’t know about you but when it was time to change lanes, I even had to remember to keep the steering wheel straight when I looked over my shoulder. There were quite a few occasions when I turned my head to make sure it was safe that the steering wheel would come with me. I wasn’t very confident at all.

Well eventually I did get the hang of it. I don’t have to consciously think about how to drive any more. I feel completely competent and confident. Sometimes the car somehow gets home by itself! The way I became confident at driving was by doing it. If I waited until I felt more confident learn, I would probably still be catching the bus.

[quote]In our MYOB training courses our training workbooks contain case studies with exercises you can perform to increase your confidence.[/quote]

Confidence is within each and every one of us. Although in some of us it is just allowed to lay dormant. When our confidence lays dormant it can stop us from going after and getting what we want in life and business. It allows self-doubt to creep in which then allows fear to rule our desires and decisions. Imagine if we allowed self-doubt to win, we would probably still be crawling and catching the bus.

Confidence is positive

Low confidence can often manifest itself as negativity – seeing the glass as half empty, doubting ourselves and often making excuses. Whereas confident people are usually positive – seeing the glass as half full, they believe in themselves and their abilities, and they believe in living life to the full.

Is your confidence awake and thriving or asleep and inactive? If you don’t feel very confident, it’s time to wake up what is rightfully yours and choose to use it.

One way to awaken your confidence is by ‘acting as if’ you are already confident. It may feel a little strange at first but with time it will come naturally. There are many ways you can show confidence. You can change your behaviour, your body language, how you speak, what you say, and how you think.

When you think about someone who is confident ask yourself: –

  • Do they make excuses or do they do whatever it takes?
  • Are their postures straight and upright or are they slumped over?
  • Is their language direct and full with certainty or are they wishy washy?
  • Are they doubting themselves or thinking about completing the task at hand?

Whatever it is you would like to do, ‘just do it!’ Before you know it, your competence and confidence will show up just in time for you to take on your next adventure.