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Get Paid Faster By Using Clear Terms of Trade

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. 

But what if there was a way to make it easier?

Continue reading Get Paid Faster By Using Clear Terms of Trade
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Here’s What You Need to Know About the Cash Conversion Cycle

flowchart of the cash conversion cycle

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.

Continue reading Here’s What You Need to Know About the Cash Conversion Cycle
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Tired of Chasing Unpaid Invoices? Here’s Which Credit Management Apps Can Help

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.

Continue reading Tired of Chasing Unpaid Invoices? Here’s Which Credit Management Apps Can Help
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Will Jim’s Pay Plans Cause an Aftershock for Afterpay?

quickfee-payment plan-jim's group-announcement-buy now pay later

‘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?

Continue reading Will Jim’s Pay Plans Cause an Aftershock for Afterpay?
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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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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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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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How my 7 year old son learnt about credit risk and how that can help tradies

QuickBooks Online Training Courses - Acquired CreditKarma to help clients check on credit scores and get loans

My 7 year old son lent me $5 (which I then lent to his 12 year old brother) and then he lent his brother a further $10 directly so the older brother could buy something he really wanted at the time. Is it getting complicated already!?

This lending happened over a month ago and a conflict is brewing over the $10 he lent to the 12 year old because it was underwritten by his pocket money which had not been paid at the time. 

So simple isn’t it. All this credit offered and accepted and it seems less relevant because it relates to my kids but these lessons last a lifetime so it’s important to explain credit risk and recourse. Continue reading How my 7 year old son learnt about credit risk and how that can help tradies

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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
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Xero & QuickBooks Slug it out on Receipt Scanning Features

Xero Accounting Pricing Comparison shows extra for Projects and Expenses - Online Training Courses & Advanced Xero Certificate

I find it interesting to see the messages coming from both these companies. They seem to arrive at similar times and it shows that they are very closely watching each others digital marketing messages and fighting for your attention by revealing what they are doing for you, their clients. 

This week Xero sent a message about cashflow forecasting and QuickBooks sent a message about their receipt scanning and data capture but which one is more important right now? I’ve attached the email message sent from each company for you to compare.

Continue reading Xero & QuickBooks Slug it out on Receipt Scanning Features

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Learning Xero Will Help You Run An Online Business

Intuit QuickBooks Online mobile application superior to Xero Accounting smartphone app - online training courses EzyLearn

Let’s face it, when you can manage your finances from anywhere, using your phone to scan receipts and Xero Accounting to code them and store them in the cloud one of the hardest parts of managing a business is taken care of. 

We’ve all been able to call, text and email from our mobile phones and use online marketing tools like Google Ads and Facebook for social media so when you finally get your back office tasks migrated to the cloud it’s easy right? Well, that’s what the marketing hype says anyway, but things aren’t that rosy really, are they? Continue reading Learning Xero Will Help You Run An Online Business

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ALERT: Reckon One Training Course PRE-Launch SPECIAL

Reckon One cheap accounting software for tradies and small business - STP Payroll training courses - EzyLearn

It was in 2018 that I last wrote about Reckon One and how some of their software was far superior to Xero according to the ACCC. With competing priorities and updating our MYOB, Xero and QuickBooks course materials being our first priority Sage One and Reckon One Daily Transactions training course for tradies is now almost complete.

Reckon works with AutoEntry for receipt capture and their accounting software is also STP Payroll compliant so it’s a perfect low-cost accounting program for micro and small businesses like tradies but they’re missing one important feature..

Continue reading ALERT: Reckon One Training Course PRE-Launch SPECIAL

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ALERT: QuickBooks Online Training Courses Updated

Updates & new online training course content for QuickBooks Online vs Xero training - EzyLeran

Xero, QuickBooks and MYOB are updating their software with new features every month! That’s what you get with cloud-based software that is continuously updated and improved.

We’ve recently updated our Xero Accounting software courses and have just published an updated to our QuickBooks Online Daily Transactions & End of Month training Courses. Continue reading ALERT: QuickBooks Online Training Courses Updated

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It’s wise to include Sage One in Bookkeeping Academy (pst.. free samples available)

Sage One Accounting Training Course - Compare Xero to Sage or QuickBooks and save money with discount coupon codes

Pardon the pun but it’s true, Sage One training course materials will now be included in the Bookkeeping Academy Training Course Package along with Xero Accounting, MYOB & QuickBooks. 

Many bookkeepers use EzyLearn to keep up to date with the various accounting software programs now available and this latest announcement is for you. Training Course materials and support for Sage One and Reckon One.

See who trusts EzyLearn for accounting and office administration software training!

Continue reading It’s wise to include Sage One in Bookkeeping Academy (pst.. free samples available)

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EzyLearn students can upgrade to ongoing or LIFETIME course access

Become an online marketing affiliate for Xero Learn, MYOB Education and Quickbooks Professional online training courses - EzyLearn

I had a fantastic conversation with an EzyLearn student during the week. She enrolled into our Xero COMPLETE Training Course Package and love it so much she enrolled into MYOB, QuickBooks, Excel and more. 

The course increased her confidence to apply for and get work after years of being out of the workforce and as a bookkeeper she now uses the courses as a resource for aspects of the software she needs to upskill on. The EzyLearn Affiliate Membership is designed for students like her.

Continue reading EzyLearn students can upgrade to ongoing or LIFETIME course access