Bookkeeping Skills Archives - Page 3 of 14

Posted on July 7, 2023July 14, 2023 by Steve Slisar

Is NDIS Bookkeeping & Care the Next Major Employment Opportunity?

NDIS Bookkeeping and starting a Disability Care Business - Xero, Splose & Hnry vying for NDIS Healthcare business owners - Pricing arrangements & Limits

With $41.9 Billion budgeted to be spend on the NDIS there is little wonder everyone is exploring disability care as either a job opportunity or a business opportunity. It’s not just individuals who are exploring this industry but accounting software and technology firms too.

I wrote about HNRY, the full service accounting software, accountant and bank account for small business owners that only charges a small percentage to cover ALL of these costs but other firms are also appearing to help everyone in the NDIS ecosystem, including Splose.

Posted on July 2, 2023July 3, 2023 by Steve Slisar

Mail Merging for Water Filter Replacement Reminders using Microsoft Word Advanced Course

Freshflow water filter replacement cartridges for home water filter systems and office water coolers display - Microsoft Office Training Course Case Study

Ever since I have been in business I have been told about the power of “personalised” marketing messages. Back then it was about sending a personalised letter to customers about something they’re interested in or have purchased in the past. I was running a water filter and cooler business and we had retail customers as well as business customers. That’s when I realised the power of a database.

If you are new to any industry people don’t know you and it’s your job to get to know people and build up a database. The most common way to do this is to advertise, get leads and speak to people – but only 3% of people are ready to buy right now so it’s important to stay in touch with them and most people do that with an email marketing system like MailChimp.

If you an existing business with lots of customers but times are quiet you can also use the customer data from your MYOB and Xero accounting file to connect with people.

Posted on June 29, 2023June 30, 2023 by Steve Slisar

Hairdressing Salon Case Study for Payroll Course using Xero and MYOB

Start a hairdressing business as a hair stylist by renting a chair per day at a salon - Dee at Arndell Blacktown can help - Online Xero Courses for Payroll

Hairdressing salons are all about people, scheduling and gossip. They are located all over the world and are a fascinating place to watch. I had my hair cut the other day by a recently graduated hair dresser and she did a fantastic job with the cut and the conversation.

Hair dressing salons are a simple business insofar as renting a shop, putting in comfy chairs and mirrors and washing bays and then matching a customer with a hair dresser. The biggest issue is scheduling the right number of hair dressers to match the demand from customers, particularly if there are lots of drop ins.

Trim and Styles Hairdressing was using an Excel spreadsheet to manage their staff but now they’re using Xero and here’s why.

Posted on June 16, 2023June 16, 2023 by Steve Slisar

US Xero Competitor Missed $40M in Pay Cheques

US Xero payroll competitor Patriot Offers Advanced Payroll Features - Online Bookkeeping Courses - EzyLearn

This is a tough time for accounting software firms because they’re competing head-to head for new clients at the end of the financial year. Some are offering $1/month for 6 months (like BillCue), 50% discounts, 12 month low monthly rates etc.

The competition is so fierce between accounting software companies that most of them promote what they see as the biggest difference and reason to change.

I was surprised to discover the Xero even compared themselves to Hnry (the full service accounting software, accountant and payment service) at their own website. The more research I do the more comparisons I find at most software company websites.

Some of these software companies are startups with nowhere near the cash of market leaders like Xero & QuickBooks and one of the US based accounting software companies wasn’t able to process $40M in payroll payments in March 2023.

Posted on June 13, 2023June 16, 2023 by Steve Slisar — 1 Comment

1$ per month alternative to Xero just for invoices and daily transactions

If you are looking for computerised, online accounting software now is a great time. Just doing a Google search for comparisons between MYOB and Xero will reveal a flurry of ads to capture your attention.

Many micro businesses with one main worker/contractor etc just want to keep track of quotes, invoices, purchases and payments and there are some pretty cheap options available – cue… BillCue.

Posted on June 5, 2023June 5, 2023 by Steve Slisar — 1 Comment

Xero’s financial report reveals BIG loss but share price pop.

Understanding Financial Reports Training Course - Xero 2023 Write down for Planday but pop in XRO share price - QuickBooks Online, MYOB & Xero Training Courses from EzyLearn

It’s the end the of the financial year and for small businesses that means getting your affairs in order and buying things if you need them so you can claim the business expense this financial year.

Public companies that are listed on the ASX and other stock exchanges around the world report quarterly or half yearly and if you are a business owner or a share investor it’s important to understand how to read financial reports.

An interesting and relevant example is how Xero recently announced a big loss in their recent financial report but their share price sky-rocketed.

Posted on May 22, 2023July 14, 2023 by Steve Slisar — 1 Comment

Xero vs HNRY + Thriday + Rounded + Parpera

Unlike HNRY Xero doesn't offer bank accounts that deducted Tax and GST payments for you - Online Xero Training Courses & Support

Would you sign up to a Xero controlled back account? Would you let Xero become your accountant or tax agent to the Australian Taxation Office (ATO)?

Does that sound strange? Imagine if Xero managed your bank account for you and made sure that all your taxes were paid for automatically BEFORE allowing you to receive your pay.

Doesn’t that “sort of” happen already with Single Touch Payroll?

If Xero had their own accountants would you go with a Xero accountant for your own business?

Posted on May 17, 2023May 17, 2023 by Steve Slisar

Tips for Cash Flow Forecasting using Xero

Float-Xero-Cash-flow-reporting-forecasting-and-budgets-vs-actuals-training-courses-EzyLearn-Career-Academy-Online-Business-Courses

We’re approaching the end of the financial year and everyone will be reading and trying to understand their annual financial reports, particularly if they have outstanding Superannuation to pay (and claim) or they need funding.

I’ve written in the past about how to create a cashflow forecast using Xero and Excel and this post is a summary of good practices and recommendations when it comes to cashflow reporting

Posted on May 3, 2023May 3, 2023 by Steve Slisar

Bookkeeping fun? Yeh, nah

failure to lodge penalties how to manage payroll in Excel online training course

I’ve often wondered why EzyLearn has become best know for MYOB & Xero Bookkeeping courses and about the students who need to do a bookkeeping course to find work. It’s not the most exciting of topics really and most students do a MYOB/Xero course because they HAVE TO, not because they want to.

When we we design the outline and case studies for our courses I’ve tried to have some fun with the accounting aspects of a business. I’m not sure about you but the best part of starting a new business is the beginning when everything is new and shiny!

Posted on May 1, 2023May 1, 2023 by Steve Slisar

Business Owners Learn MYOB & Xero with EzyLearn ANSWERS

Many accounts are affected when you pay an employee - Journal Entries - MYOB & Xero Bookkeeping Courses - EzyLearn

Business owners who need to learn how to use MYOB and Xero like the added support that is available if they have a question that relates to their own business.

Unlike Job Seekers who choose MYOB and Xero COMPLETE training courses to learn as much as they can about these bookkeeping programs, Business owners often have questions which relate to things they want to resolve in their business.

Most of the questions students have are solved as they progress through the logical order of the courses we’ve created but sometimes things get a little weird.

Posted on April 26, 2023April 26, 2023 by Steve Slisar

8 People Can Learn Xero COMPLETE For $88 ea

Corporate training and group discounts for Microsoft Office Excel and MYOB and Xero Training Courses

You read correctly! This is part of our Corporate Training pricing for Bookkeeping Certificate courses in MYOB and Xero. The price is low because it based on volume pricing. The same is true for Group Training prices for Microsoft Office Excel and Word.

You can get a further discount off the Corporate Training prices if you don’t need a Certificate at the end of your training. This option is great for business owners or small businesses who just want to get their team trained up but don’t need the evidence of a Certificate of Completion.

Posted on April 20, 2023April 20, 2023 by Steve Slisar

FREE Training Courses for Career Builders

Are you enrolling into an MYOB or Xero Bookkeeping Course or Microsoft Office Course and are currently employed? You’ll get access to some FREE Student Inclusions when you enrol into a Complete Course or Combination.

EzyLearn’s FREE Student Inclusions give students more value in their careers and the work they do and there is a different offer for you depending on your situation.

Posted on April 11, 2023June 5, 2023 by Steve Slisar

Employment Hero offers $100 if you’ll demo their software

Get $100 Invitation email for attending a demo of Employment Hero - Workforce Management Training Courses

A popular and well funded HR and Payroll software company, which is backed by Seek (yes, the employment site) is offering 100 to “qualified” businesses who agree to participate in a demonstration of their software.

This is an example of what companies need to do today to get in front of their prospects in business to business selling. This company is trying quickly and this tactic reminds me of the kind of marketing tactics that PayPal used to massively grow their user base. It looks like the kind of strategy that Peter Thiel writes about in his book Zero to One.

Posted on April 4, 2023June 5, 2023 by Steve Slisar — 2 Comments

QuickBooks Payroll brand is changing to Employment Hero

Intuit revealed the name change to their QuickBooks Payroll customers today as part of an acquisition of KeyPay owner by Employment Hero.

If all that didn’t make sense the only real change here is that KeyPay will be rebranded as Employment Hero. Employment Hero has been around since 2014 and purchased KeyPay owner, Webscale Pty Ltd in 2021.

The messy part of this from my perspective is that Intuit, who owns Tsheets is now depending on Employment Here for their payroll solution. It also means that we now have an Employment Hero training course 🙂

Posted on April 3, 2023April 4, 2023 by Steve Slisar

The first moment Credit Risk happens

Credit risk is the probability of not getting paid, simple. Some business owners think that just having some special clauses in their terms of trade is all they need to do but there’s more involved.

When you offer anyone credit you are entering into a whole separate debt agreement. It’s no longer just providing goods and services and the warranties which come with that. When you offer credit (to anyone, even friends) there is an expectation that the borrower will repay the loan in good faith – in other words as quickly as possible. But many things can get in the way and the credit component of the transaction can get awkward.

Posted on March 30, 2023October 24, 2023 by Steve Slisar — 1 Comment

What does voluntary administration look like?

Mentor Education ASIC notification of Voluntary Administration and Creditors Meeting - will students be notified

I wrote earlier this week about Mentor Educations fate under the hands of an administrator and it all comes down to Credit Management. The “business for sale ad” touts that they earned $5M in revenue but they appear to have a cashflow management issue. Should someone have completed EzyLearn’s Credit Management Course?

This is quite a serious matter for existing students and it is a good case study example about important steps that every business needs to take if they are giving credit. It appears that one or more of Mentor Education’s creditors did have good credit management procedures in place..

Category: Bookkeeping Skills