Category: Bookkeeping Skills

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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.

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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..

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Singapore Government Paying Xero Subscriptions For It’s Small Businesses!?

Singapore Government Productivity Solutions Grant pays up to 70 percent for up to 2000 dollars for Xero Setup and Training - EzyLearn Online Courses

A Singapore based accounting firm shared this information with us and we almost couldn’t believe it! There is even a blog at the Xero website about how the Singapore Government have a grant that will pay up to 70% of the cost of getting setup and trained in Xero.

This is part of their “pre scoped” solutions for small businesses who fit a certain criteria and there are three solutions that are valued up to $2,000 odd.

Continue reading Singapore Government Paying Xero Subscriptions For It’s Small Businesses!?
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Seen the new cheap accounting software on Facebook? FREE for 6 months, is it okke?

OKKE FREE accounting software for 6 months no online training required vs Xero - Website Image - EzyLearn

Am I a bookkeeping nerd or is everyone else also seeing these “financial” advertisements for tax lodgement, easy bookkeeping and 6 month FREE access to accounting software?

It’s interesting to see a new accounting software company appear in Australia despite the fact that many have come and gone in the past – particularly during this market downturn for technology shares! Their offer is pretty compelling though..

Continue reading Seen the new cheap accounting software on Facebook? FREE for 6 months, is it okke?
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Deputy, KeyPay, Square Teams, QuickBooks Time Training Course NOW Available

Square-Team-Staff-Rostering-Scheduling-Workforce-Management-Software-Training-Courses-Smartphone-apps-EzyLearn

These are the market leading workforce management integrations for rostering, scheduling and time and attendance monitoring. Deputy was one of the first but the major accounting software companies are now snapping them up.

The most interesting story here has been KeyPay. I’ve loved the fact that Intuit partnered with the Australian company KeyPay to provide all of the local Australian payroll functionality in their QuickBooks Online software. Tsheets would also have been in this list but you know what happened to them..

Continue reading Deputy, KeyPay, Square Teams, QuickBooks Time Training Course NOW Available
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FREE Courses for Job Seekers who enrol into MYOB, Xero and Excel Complete

EzyLearn FREE Student Inclusions logo

If you have enrolled into a course with EzyLearn be sure to check out these FREE student inclusions.

We’re creating and updating our online courses every month and we’re listening to feedback from students to understand what they need. We’re even paying EzyLearn graduates for their expertise in the work they do. If you want to see how you can earn money using your expertise check out the LIFELONG Learning Hub in the Learning Site or reach out to our support team.

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Xero Sacks 800 Staff, Highlights Hiring International Workers & Improves Button

Average-wage-for-staff-accountant-in-India-is-equivalent-to-under-6000-AUD-per-year-Challenges-for-Australian-Bookkeepers-using-Xero-Software-EzyLearn

It certainly is an interesting time we’re going through financially. Most of us (around the world) are hurting because of higher costs and as a result the RBA increases interest rates so we focus on paying down our debts rather than consuming more things. Some people I’ve been speaking with are predicting even worse times ahead and the recent sacking of staff from Xero and Atlassian show the global trend is affecting Australia.

After hearing about the recent sackings at Xero it was interesting to see what else was going on at Xero. The two things that stood out the most to me was an improved Approval button for invoicing (and that there are now two versions of invoicing) and how Dinesh Aggarwal from Fortuna Advisory is finding it harder to hire local staff so he’s outsourcing.

Continue reading Xero Sacks 800 Staff, Highlights Hiring International Workers & Improves Button
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Does Xero Integrate with Twitter? Why?

Make enables integration between Xero and Twitter - Xero Training Courses from EzyLearn & Career Academy

My last blog post was about the different ways that Twitter can make money. One of the most compelling reasons that I read about recently was as a payment gateway like WeChat. Apparently WeChat is a SuperApp that does lots of things and Elon Musk was impressed by it when he learnt about it in a visit to China to open his Tesla Gigafactory there.

Naturally I dug a little deeper to see if Xero currently integrates with Twitter and it does but not for payments.

Continue reading Does Xero Integrate with Twitter? Why?
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Reduce Debt, Cut Expenses, Up-Skill, Increase Income

EzyLearn Online Accounting, Office Admin & Digital Marketing Tutor

Are these the words going through your head right now? Probably the topic of lots of conversations too with all these interest rate rises we’ve been having.

One of our students got help from a debt negotiator and they do an effective job but they have to make money for the work they do. One of the biggest is called MyBudget. You can achieve a similar outcome yourself with some good spreadsheet skills and the courage to sit down and work out all your financial affairs you can do it yourself. There’s even an official government website that has a lot of free tools.

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Payroll Training Courses have been updated again – STP Phase 2 updates

11 STP 2 Portal Step 2 - updated Xero Payroll Training Course - cropped

It’s been an interesting year for employers as they grapple with the changes to Single Touch Payroll. Even the major software companies (Xero springs to mind) have taken longer than expected to implement changes.

I was speaking with a cafe/restaurant owner in the Central Coast recently who was trying to implement Deputy (for staff roster and scheduling) with Xero and was having trouble with the STP Phase 2 component. She mentioned that the issue appeared to be with Deputy but I did some research using ChatGPT and this is what the Artificial Intelligence software told me!

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Micro Courses in Excel, Xero, MYOB from $49, or BUNDLES, COMPLETE Courses and COMBOS

Micro Courses and Stackable Micro Credential by EzyLearn

One of the disciplines I’ve tried to focus on when created online courses in bookkeeping and office admin is to keep the courses short and manageable. When we operated our Sydney training centres we tried to keep class times between 2.5-3 hours because most students can’t concentrate for a whole day.

For the MYOB & Xero Bookkeeping Courses this means that students can enrol into short courses, which are now commonly referred to as Micro Courses that cover very specific skills. We’ve recently changed how we show this information using our Learning Orbs.

Continue reading Micro Courses in Excel, Xero, MYOB from $49, or BUNDLES, COMPLETE Courses and COMBOS
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We’ve just finished some of the “tasks” in our “sprint” to update the Xero Payroll Training Course for STP Phase 2

STP-Phase-2-Xero-Payroll Training Course

Did your eyes glaze over with my last blog post about Huddles and Sprints!? It gets easier to understand with each read and is easy to relate to when you compared it to getting tasks done around the home!

EzyLearn Online Course Updates & Additions for latest versions of Xero, Excel & MYOB courses

Online Accounting software like Xero goes through a continuous update process because they are regularly adding new features that compete against QuickBooks Online and MYOB, but also because the software needs to keep pace with changes in regulation.

That is why we offer our Updates and Additions Service.

There have been regular changes to Single Touch Payroll and that means that Xero have gone through several STP 2 changes too. In this latest case Xero have changed their Payroll screens to adapt to the changing requirements of the ATO with regard to Single Touch Payroll (STP).

You can enrol into our Payroll training courses separately here or see everything that is included in our Xero COMPLETE training course package here.

See our other updates regarding Single Touch Payroll

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Competing with Udemy for Micro Skills Training Courses in Xero

Compare Online Training Courses to learn how to use Xero - 2 Udemy vs EzyLearn

The end of the calendar year, school holidays, summer and Christmas all combine to give us all a break from what we’ve been doing all year. It’s also a time for reflection about what we’ve done during the year and of things we would change in the new year.

One of the challenges we faced this year was trying to explain the differences between our training courses and those provided by dozens of new training options which are now available – even Youtube!

Udemy is a particularly interesting challenge because they are not a training company but a Learning Management System that also spends money advertising some of the courses on their platform.

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MYOB Touting Business (Essentials) Pro and Lite through Westpac – 12 months for FREE

MYOB Business Essentials (Lite and Pro) Training Course & Bookkeeping Certificate - 12 months FREE software with Westpac - EzyLearn Bookkeeping Academy

It’s Christmas season once more and you can even get a great deal on your MYOB Business Lite or Pro accounting software if you have an eligible Westpace account.

There are some exceptions, however, and these exceptions show where all the accounting software vendors are making their money: Payroll, Inventory and deeper functionality through integrations.

This is not the first time MYOB have partnered with a major corporation to get its software promotions sold. The last one I wrote about was when Telstra was pimping it last year. This offer is different..

Continue reading MYOB Touting Business (Essentials) Pro and Lite through Westpac – 12 months for FREE
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You Don’t Need a Cert IV in Bookkeeping & Accounting to be a Contract Bookkeeper

Christina from Glenmore in Sydney graduated from the Xero Complete Training Course & Certificate and runs several businesses

Starting a bookkeeping business has been a go to option for many mums returning to the workforce, particularly if they did accounting and office administration work before having children.

I’ve been writing about starting a bookkeeping business at this website since we started our bookkeeping blog and as you can see it doesn’t have to cost a lot of money.

Since the GST, however and the creation of the Registered BAS Agent some things have changed.

Continue reading You Don’t Need a Cert IV in Bookkeeping & Accounting to be a Contract Bookkeeper
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Does it feel like you’re knocking your head against a brick wall and not getting job interviews?

ATS match rates for Job Applications for Accounts job requiring MYOB and Xero skills - the Career Academy for Bookkeeping Certificate graduates from Ezylearn

I was speaking with a job seeker recently and she was telling me that she had applied for hundreds of jobs and tried dozens of employment sites but got NO job interviews. I mentioned to her that the employment rate is very low at the moment and that there is a lot of demand so she might do all right if she keeps trying.

What I copped next was flurry of expletives about how the Government is making up lies and that there are no jobs available. This lady continued to bend my ear until I had to excuse myself politely.

The problem that most people have with the Job Application Process is that they’re not practiced at it. There is a method and process to follow when applying for jobs and if you approach it with desperation or you get frustrated you lose sight of how you come across to the employer.

The employer is simply following a process to find the best potential job applicant and they want to make sure they get it right. Need help in the job search and application process? That’s where the Career Academy from EzyLearn come in.

Continue reading Does it feel like you’re knocking your head against a brick wall and not getting job interviews?