Now that paying by card is the norm, retailers have needed to adapt to the cashless customer. If you’ve been to some local markets recently, maybe a sporting club canteen or even your regular café, you may have noticed that you’re tapping your card on a little white square instead of an EFTPOS machine.
Block Inc. – previously known as Square Inc – is a point-of-sale (POS) system winning over retailers and enterprises across the world. And it’s not just little white payment terminals, Square offers a range of technology and services that range from POS to payroll to inventory to marketing, AND, they recently purchased AfterPay!
Square integrates with Xero, and considering its popularity, let’s break down what Square is and how it compares to other Xero integrations like Planday.
The Australian government launched STP in 2016, where employers with over 9 employees must report their payroll information for each pay run to the ATO. When the ATO introduced STP Phase 2 earlier this year, some of the reporting obligations changed.
Here’s what you need to know about STP Phase 2 reporting in Xero, and how EzyLearn’s got you covered with the training.
Do you provide your employees with gym memberships or concert tickets? Or maybe you work for a company that provides you with a vehicle or accommodation? There are lots of perks that business can provide to their employees outside of salaries and wages – and these are called fringe benefits and they may apply to you if you worked at home due to COVID-19.
FBT is not as simple as handing out freebies. Employers have to pay tax on these benefits they provide, and the amount can depend on the type of fringe benefit they’re providing.
Invoices can be a hassle for both businesses and their clients. There’s nothing fun about chasing up that client about their late payment, nor is it an efficient use of time to trawl through emails and inboxes trying to find that invoice from however long ago.
The Commonwealth Government is pushing ahead with an alternative, that looks like it will make things a bit easier for everyone.
eInvoicing is on the rise! And since software like Xero has jumped in on the change, it’s important for small businesses to know what eInvoicing is all about:
Intuit (the maker of QuickBooks, an online accounting software for small-businesses) has recently announced a new purchase that could see them breaking into the ERP world of business software. Mailchimp is now owned by Intuit!
There’s lots to do when businesses engage a new worker. As an employer, you’ll be busy going through the onboarding process and showing your new employee the ropes, but there are other important things to do when you add a new member to your team.
Keeping accurate records complete with the right information is essential for businesses to maintain, and that means updating and adding data when engaging a new worker. Here are some things to keep in mind as you go through this process:
MYOB has fallen behind in recent years to other accounting software like Xero. With Xero’s cloud accounting-first strategy, it’s become a leading software in Australia, New Zealand, the UK, and Canada – by focusing on integrations and simple accounting solutions.
MYOB, on the other hand, has caused confusion over its multiple products and unexpected updates, which have since caused users to gravitate away from it.
Now, its repackaged MYOB Essentials and AccountRight under one cloud-based solution. Will this solve its problems?
EzyLearn Worklife is a new initiative we’ve started this year, and it’s already proven to be a success!
We set out to hear from past students about their experiences with EzyLearn, and how they’re using the skills they learnt in their training in their work lives – and we’ve been hearing lots of interesting things from them.
From challenges they faced in their jobs, to skills they find help make tasks easier, we’ve been getting some amazing insight into the experiences of our students – and it’s only right we share them with you too!
Here are some of the things we’ve found from our Worklife interviews:
Xero My Payroll is a secure online portal that allows employees to submit timesheets, leave requests, view and download payslips, and manage their personal information. It’s not as powerful as some Workforce Management Apps but that is why Xero purchased Planday!
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!
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.
‘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?
Free accounting software is no longer a marketing tactic that software companies can apply to get new users. We saw that in the recent exit of Wave Apps from the Australian market and Reach Accounting going broke several years ago but there are ways of getting cheap or FREE access to QuickBooks Online.
Trench warfare between the major accounting firms is never really apparent unless you’re a bookkeeper and you visit their offices and learn about what is really going on to win the hearts of bookkeepers and accountants.
Did you know that Afterpay (and ZipPay) and some other Buy Now Pay Later providers decline sellers? Most Afterpay transactions are centered around the selling of physical products that change ownership from the merchant to the customer. This evidence is enough to bind customers legally, but what happens if you provide professional services like bookkeeping or accounting?
Accountants and Bookkeepers, like many other professional service providers including Lawyers and solicitors charge for their time or defined outcomes (like fixed fees for a certain number of transactions).
Will Afterpay take you on as a client? We’ve heard that many industries are rejected but there are alternatives and Xero’s App Store can help.
We’re so used to everything online being available all the time that we don’t think about the risks associated with a website being down. Xero experienced a MASSIVE issue relating to the ability for their users to login and use the software on the 27th July 2021. This meant that
Invoices couldn’t be created
Pay runs couldn’t be made
Accounts Receivable staff couldn’t see if customers had paid
Accounting staff couldn’t use Xero for their work
We all take for granted the benefits of having multiple staff logging in at the same time from different locations as well as automatic backups of our information, but this issue lasted from 8:25AM until 7:04PM – that’s 12 hours!
Xero is transparent about any issues and fixes about their software so you can see exactly what happened that day.
When you look at the two companies Xero Accounting and GoDaddy hosting companies are very similar. They both provide cloud-based solutions, for a subscription fee and have small businesses as their major clients. They are both in a very good position to provide accounting software for their customers.
One of the Xero Directors sold an accounting software program to GoDaddy in 2012 and at the time TechCrunch reported that Accounting software is a logical service for them to provide to their small business clients. What does it mean for the future though?