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If ANZ Bank Buys MYOB will you EVER need to reconcile again?

One of the more time-consuming and tricky parts of catchup bookkeeping is reconciling your bank account and bank statement – which means going between your accounting software and bank.

In software like MYOB, even if you use bank feeds to import your transactions into your accounting software, you still need to make sure these match your bank’s records.

But what if your accounting software got the information directly from your bank daily?  With ANZ in talks to buy MYOB, here’s what you need to know about where banking and accounting software meet:

Continue reading If ANZ Bank Buys MYOB will you EVER need to reconcile again?
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NEW Bookkeeping Basics $49 Online Course Covers Beginner Level Skills using Xero, MYOB & QuickBooks Online

bookkeeping-basics-training-course-for-Xero, MYOB and QuickBooks online cover-300x201 EzyLearn Bookkeeping Career Academy

Bookkeeping is an essential part of business, not just to keep track of financial activities for the business’ sake, but also to meet obligations from the ATO.  It’s nothing ground-breaking to highlight the importance of bookkeeping, but lots of businesses might start operating without considering the necessity of bookkeeping. 

If you’re a business owner who doesn’t have a background in accounting or bookkeeping, then you’ll want to learn at least the basics quickly – even if you intend to hire accounts staff, it’s great to understand the bookkeeping tasks that need to be completed.

EzyLearn has you covered with out new Bookkeeping Basics Training Course.  Let’s break down how you’ll learn the foundational aspects of bookkeeping with this course:

Continue reading NEW Bookkeeping Basics $49 Online Course Covers Beginner Level Skills using Xero, MYOB & QuickBooks Online
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Payroll Training Course Integrations: Square Payroll versus Xero?

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.

Continue reading Payroll Training Course Integrations: Square Payroll versus Xero?
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Are You Complying With Your Fringe Benefits Tax Liability of up to 47% (especially COVID-19 related ones)?

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. 

We’ve written before about how fringe benefits tax is important to consider when you engage a new worker, but let’s look more in-depth into what fringe benefits are all about, and how to ensure you comply with your liabilities:

Continue reading Are You Complying With Your Fringe Benefits Tax Liability of up to 47% (especially COVID-19 related ones)?
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Why is Xero Saying Your PayPal Bank Connection Needs Updating?

If you’ve connected PayPal with Xero, and have been using it for quite a while, it might come as a bit of a surprise when you get an email from Xero telling you that your existing PayPal direct bank connection will no longer be supported and will stop importing transactions into Xero.

Why is Xero emailing you this?  Especially considering there’s a timeframe in which you need to switch to the new PayPal bank connection, you’re probably eager to figure out what it all means.

Don’t stress, here’s what you need to know.

Continue reading Why is Xero Saying Your PayPal Bank Connection Needs Updating?
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Xero Asks Nicely for Feedback using NPS, But EzyLearn Interviewed Xero Course Students via Zoom

If you’re looking into a business, maybe you’re thinking of buying a product from them, subscribing to a service, or even just doing a bit of research, one of the places you’ll want to go is the ratings and reviews page.

I’ve written before about how reviews and testimonials are more valuable than number ratings when it comes to revealing important things about a business but for medium and larger companies, who aren’t able to have a personal relationship with their customers, they have to rely on these ratings. They’re also used an opportunity to measure what matters to their clients.

One of the ways they do this is through Net Promoter Scores (NPS), and you’ve probably contributed to one even if you don’t know it!

Continue reading Xero Asks Nicely for Feedback using NPS, But EzyLearn Interviewed Xero Course Students via Zoom
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Pandemic Digitalised Small Businesses more than NBN, Xero Report Reveals Numbers?

The pandemic has seen huge changes to the way businesses run, with Zoom meetings and remote working becoming the new normal and working parents are loving it (if they have the space for it).

The common factor here, of course, is the move to digital solutions for businesses.  Whilst ICT expenditure has always formed part of a business’ expenses, the pandemic has contributed to an increase in this area of spending.

Businesses are becoming increasingly digital, and it’s actually improving their performance. One of the areas I’ve noticed is the use of website chat has increased and customer service work can be performed by anyone running a micro business from their own home.

Continue reading Pandemic Digitalised Small Businesses more than NBN, Xero Report Reveals Numbers?
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This is Why Businesses Love Cloud Accounting and not MYOB AccountRight so much

Network setup for multiple users on your network using MYOB AccountRight Multi-user - MasterClass in MYOB AccountRightand MYOB Essentials - EzyLearn

If you have worked in an office you know how frustrating IT issues are. If you are now working from home you know how frustrating IT support issues are. If you have ever experienced an IT support issue installing software (like MYOB AccountRight) you know how frustrating IT issues are.

We stumbled upon the technical support help page for MYOB AccountRight and all remembered why we LOVE online accounting programs like Xero, QuickBooks Online and MYOB Essentials!

Attn: We’ve just BUNDLED all the MYOB AccountRight BEGINNERS Certificate Courses together for those students looking for junior accounts and general office support and admin jobs.

Continue reading This is Why Businesses Love Cloud Accounting and not MYOB AccountRight so much
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NEW: MYOB In Tray and Receipt Capture training course materials for MYOB Essentials

Learn how to upload tax invoices and receipts to MYOB Essentials using MYOB Intray and Capture App - EzyLearn Online Training Courses

Receipt scanning and capture is now a normal feature in MYOB Essentials. MYOB have chosen to add this feature as part of the core software rather than Xero’s approach since buying Hubdoc.

I announced in July 2021 that we were creating training materials for MYOB In Tray and Capture and If you are a current MYOB Essentials course student or Bookkeeping Academy member these training course resources are now available to you for free.

You can find them in the MYOB Essentials Bank Reconciliation Training Course.

Continue reading NEW: MYOB In Tray and Receipt Capture training course materials for MYOB Essentials
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NAB Slyps past Xero Hubdoc to integrate Smart Receipts for Merchants and Customers

NAB, CBA, ANZ and WBC Slyp under Xero to provide smart receipts before Hubdoc gets them - Learn MYOB, Xero, QuickBooks to find accounts jobs - EzyLearn

One of the most publicised recent acquisitions for Xero was Canadian Receipt Capture, Scan and Coding software HubDoc. Rather than send a “bank-like” email informing users that the monthly fee to use Xero was increasing, Xero “sold” the value of the pesky increase of $2 as a saving of $27.50 because they included the Receipt Capture features in the software! That’s smart marketing.

In the meantime, MYOB forged an alliance with Bunnings as every large fintech, accounting and banking organisation tries to get into the Smart Receipt marketing at the source. Here are some of the things that have happened.

Continue reading NAB Slyps past Xero Hubdoc to integrate Smart Receipts for Merchants and Customers
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Xero Status: “Can’t log in to Xero” Caused Global Problems

Issues with Xero login prevents UK users from sending invoice and bookkeepers from working - Online Xero Training Courses EzyLearn Bookkeeping Academy

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.

Continue reading Xero Status: “Can’t log in to Xero” Caused Global Problems
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MYOB In tray for Receipt Scanning, Capture and Storage

Learn how to upload tax invoices and receipts to MYOB Essentials using MYOB Intray and Capture App - EzyLearn Online Training Courses

MYOB is starting to get their act together providing much desired features in their accounting software.

I’ve written about some of the major receipt scanning programs like Dext/Receipt Bank and Auto Entry in the past and happy to say that we have some new MYOB training course resources in development for our MYOB bank reconciliation Training courses.

Continue reading MYOB In tray for Receipt Scanning, Capture and Storage
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Xero Learn. Xero software offered for $6 per month. Why are businesses paying $60+ NEW: RESUME REVIEW SERVICE

It’s interesting and exciting that Xero now offer their Xero Learn service to training course publishers like EzyLearn for $6 per month. This ongoing access to Xero Accounting software seemed exciting at first but then I realised that it’s just accounting software! AND it’s just for training! AND 30 days is MORE than enough per case study!

Most students don’t want to access Xero accounting software forever. Even business owners don’t really want to pay an ongoing fee for their accounting software – they want something else..

Continue reading Xero Learn. Xero software offered for $6 per month. Why are businesses paying $60+ NEW: RESUME REVIEW SERVICE
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Xero will win the struggle against QuickBooks. Here’s how.

Hubdoc from Xero for receipt scanning and data extraction for receipts and expenses via email - online Xero Training Courses

Both Intuit (QuickBooks Online) and Xero Accounting had a price increase in the last year but the way they went about announcing it was completely different.

When you study the emails you’ll see why good marketing can make a massive difference in the success of your business!  QuickBooks email included..

Continue reading Xero will win the struggle against QuickBooks. Here’s how.

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APOLOGIES to students on behalf of MYOB Essentials Accounting Software. Attn: MASSIVE update coming for MYOB Essentials Course Materials

MYOB-Essentials-Training-Course-case-study-big upgrade from MYOB to complete with Xero Accounting Online

Creating training materials for cloud-based accounting software is a continuous process of improvement. In fact it is much like the process that the software goes through in their Continuous Innovation & Continuous Delivery process

Two of Australia’s newest billionaires Mike Cannon-Brookes and Scott Farquhar have become wealthy because they created software that enables companies like MYOB manage a team of developers, designers and analysts in the pursuit of continuously adding enhancements, updating the software, fixing bugs and providing support for their MYOB Tax software via their company Atlassian, but I digress. 

The reason for this post is because of obscure behaviour by MYOB regarding their essentials software and a recent upgrade they performed on the MYOB Essentials software.

Continue reading APOLOGIES to students on behalf of MYOB Essentials Accounting Software. Attn: MASSIVE update coming for MYOB Essentials Course Materials
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Discount Coupon Code: Bookkeeping Academy – MYOB & Xero & QuickBooks & Reckon

Xero Course, MYOB Course, QuicBooks Course - COMPLETE Suite Training & Support - Bookkeeping Academy

End of financial year 2020, Covid19 still wreaking havoc around the world, shopping centre and even main street strip shops closed! This is the weirdest time of our lives for sure. We’ve also noticed a big increase in the number of students enrolling on the $20 per week payment plans for courses

This announcement is for those in the bookkeeping industry who’ve trusted us for the last 2 decades (and a bit) to provide great quality pre-accredited bookkeeping courses in MYOB, Xero, QuickBooks and Microsoft Office. 

Continue reading Discount Coupon Code: Bookkeeping Academy – MYOB & Xero & QuickBooks & Reckon