Bookkeeping Skills Archives - Page 5 of 14

Posted on October 31, 2022November 26, 2022 by Steve Slisar

R U Spending Too Much Time Alone?

Do you spend more time alone or with your partner, co-workers or your children - Study Xero & MYOB Online Courses and spend time with your family - EzyLearn

Many new students learnt how to use online accounting software like Xero and MYOB Business Essentials during the Covid Period because they were working remotely from home. Most of those students thought we had just started working from home ourselves but we told them we’ve been online for over a decade.

The conversation topics that came up a lot was how can you work from home, do you get lonely, do you get distracted etc?

The reality is that our entire team work from home and once you are used to the discipline of working from home you can take lots of breaks when you need them and can focus better on customer service. I found some research that showed just how much time people are now spending alone.

Posted on October 27, 2022October 27, 2022 by Steve Slisar

Xero Boast Top Innovator in “AFR BOSS Most Innovative list”, Just Behind Telstra!

Xero wrote about their AI achievements using machine learning to predict the name and account code for your transactions when performing a bank reconciliation. Bank feeds have been a constant and regular theme in Xero’s marketing and this reinforces how they are using technology to reduce the time it takes to reconcile.

It makes sense that a bank like NAB or CBA buys MYOB because if you could automatically make sure that your finances in your MYOB or Xero software reflected exactly what your bank statements say you’d eliminate half the work that junior bookkeepers do.

Posted on October 18, 2022October 18, 2022 by Steve Slisar

Bills to Pay, Past or Future, Xero or CBA

I was reading about some of the accounting features that Xero are building on in their software while also testing out Commonwealth Banks “Upcoming bills and payments”. What really struck me is how quickly the major banks are updating their software and systems to help small business owners manage their cashflow better.

When you use the Commbank App to access your account you can quickly setup the Upcoming bills and payments because the banks software sees that you have recurring payments that seem to happen every month, quarter, year etc. The great thing about this is that it helps you understand your liabilities in the short term and you don’t need to pay anything extra to have it or use it.

Xero on the other hand are constantly finding ways to increase their revenue and new features is naturally one BIG way they can do that. But it’s not all bad, of course.

Posted on October 5, 2022October 5, 2022 by Steve Slisar — 1 Comment

Achieve Your Financial Goals: Microsoft Excel Graphs & Charts Course Show Costs of Food and Petrol – Your Personal Budget

mybudget excel training course files to achieve your financial goals - online Excel Training Courses

If you are feeling the pinch financially right now it would be good to find out why. It’s easy to make a statement like “petrol and food prices are through the roof” but the truth might be a bit different when you get all your expenses into a spreadsheet.

Interest rates have gone up a LOT in the last few months so your mortgage payments might be chewing up most of your disposable income. If you have a car loan, personal loan or other debts where the interest rates are much higher you might find that you need to “consolidate” your debts to make ends meet.

A household budget exercise file is included in the Excel Intermediate Training Course 306 and a similar exercise file is available in the Excel Intermediate Training Course 305. The goal is to help you visualise the changes in your costs and expenses.

Posted on October 1, 2022October 1, 2022 by Steve Slisar

Xero Bookkeeping using Value-Based Pricing – Learn from your kid & their chores

Weekly and Daily Chores for Kids using Value-based rewards - Online Microsoft Excel Training Courses

I participated in an interesting project this week that clearly defined Performance Based Pricing. It came about because paying a flat wage just didn’t produce the desired outcome. Let’s just say that the kids didn’t complete all their chores and their mum got tired of paying pocket money while having to chase them up every day – sound familiar?

Xero have always promoted Performance Based Pricing (also known as Value-based pricing) as the best way to run a bookkeeping business but have the flexibility to operate your own hours. It’s based on paying for outcomes rather than time. It encourages workers to use technology to be more productive.

Posted on September 21, 2022September 21, 2022 by Steve Slisar

Microsoft Excel & Xero Bookkeeping COMPLETE Training Course Package is Now Here

Training Course ad in Manly Daily for Microsoft Excel, Website Design, MYOB - Ezylearn

You may be asking WHY it has taken us so long to create this training course COMBINATION package considering that Xero and Excel go hand in hand for all things financial and accounting?!

Xero is fantastic for keeping track of all of your financial transactions for a business and Microsoft Excel is still the preferred choice by most bookkeepers and accountants for producing reports and working with the data that comes out of Xero.

The versatility of Excel as a spreadsheet means that you can do so much more with it than just make sense of the financial information from your Accounting software. One case study in our Microsoft Excel Courses comes from our own experience about scheduling courses, trainers and training rooms for enrolments when we had a training centre in Dee Why NSW.

Posted on September 14, 2022September 14, 2022 by Steve Slisar

What % of expenses can you claim to reduce your taxable income?

Working from home and claiming expenses using Xero & MYOB software training courses

We’ve received lots of training course inquiries from new business in this last couple of months and a question that came up recently was “do you have a course that explains how much I can claim”. The person was asking about how much of the cost of their car can they claim as an expense because they use it for their business.

The answer to this question reminded me of how “flexible” the taxation laws are in Australia. You can “claim” any amount that you want and unless you are audited by the ATO you could possibly get away with it!!

The correct way is to determine how much of your costs are actually associated with your business and use that percentage. The ATO goes on to explain how to do this in detail.

Posted on September 4, 2022June 5, 2023 by Steve Slisar

Payroll Training Course: Employee changes are being tracked

1-Learn-Beginner-Level-Payroll-skills-with-Trim-and-Styles-Hairdressing-salon-Payroll-training-course-and-Certificate-using-QuickBooks-Xero-and-MYOB-1024x684

Xero led the way in online cloud accounting software that enables anyone to access their accounting software from anywhere. This means that small business owners, staff and their bookkeeping advisors can all access different parts of the software at anytime to perform their work. A far cry from the clunky way that MYOB AccountRight managed multiple users in an office environment a decade ago.

This amazing flexibility enables contract bookkeepers to perform credit control and end of month bank reconciliation tasks working from home, will office support staff are working on quotes, invoices and payments to suppliers. All of these transactions can add up very quickly and soon you can have hundreds of transactions. What if you had to find something, fix something that was entered incorrectly? That’s when you need an audit trail.

Xero just announced Payroll History and it’s designed to keep track of what happens with your payroll records.

Posted on July 7, 2022May 12, 2023 by Xero Training

Cert IV in Bookkeeping Changed to FNS40222 – Study Through EzyLearn’s RTO Partnership

There are many ways to get started with a career in finance and bookkeeping. For those looking for a nationally recognised qualification, something like a Cert IV is a great way to learn the skills you need to find work or continue in your studies.

The Certificate IV in Accounting and Bookkeeping is a national accreditation provided by registered training organisations (RTOs). It can start you on your way to becoming a registered BAS agent, or prepare you for roles like payroll officer and bookkeeper. But the qualification has recently been updated!

Here’s what you need to know about the changes:

Posted on July 4, 2022July 4, 2022 by Xero Training — 1 Comment

Xero Prices Increase By $2 Again But No New Features – Are They Desperate for Cash?

One of Australia’s most popular small business accounting software has upped its pricing again, but with no new major added features for users (like when they included Hubdoc features in a previous hike).

Xero has announced that from September 1, 2022, three of its plans will increase in price, with the smallest increase at $2/month through to a $14/month hike.

So why are Xero prices increasing and what does it mean for users? Xero has some pretty expensive recent purchases, and their share price is still declining, so could this spell financial troubles for Xero?

Posted on June 27, 2022June 27, 2022 by Xero Training — 1 Comment

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:

Posted on June 22, 2022February 14, 2023 by Xero Training

NEW “Bookkeeping Basics” Training Course Covers Beginner Level 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:

Posted on June 18, 2022June 18, 2022 by Xero Training

The Best Xero Course in Australia

Xero COMPLETE Training Courses Online Suite - EzyLearn

The ‘Best Xero Course in Australia’?! That’s a pretty big claim. You might be wondering how EzyLearn can attach this line to our Xero courses, and what actually makes our courses the best?

Well, it’s not just because EzyLearn has over 25 years’ experience in developing training content and helping students achieve their goals. And it isn’t just the feedback we’ve been getting from our course graduates about how their course helped them find work, upskill, and gain confidence.

EzyLearn’s market research helps us to see what people are looking for in a course, what other business offer, and what pricing is best. But what is market research, and how does it lead to our Xero courses being the best in Australia? Here’s what you need to know:

Posted on June 6, 2022June 6, 2022 by Xero Training

Square Afterpay or PayPal Pay in 4: Which BNPL Service Your Business Should Use

Buy now pay later (BNPL) services are growing in popularity for many retailers. If you’ve been in store recently, or even online shopping as you go to click ‘proceed to checkout’, you might have noticed a poster or button that advertises how you can pay for your purchase in easy instalments.

Afterpay and PayPal are just two companies that provide BNPL options for customers. We’ve started to make all our MYOB, Xero and Excel courses available on PayPal’s Buy Now Pay Later platform: PayPal Pay in 4

The best part is that you can use the discount coupons to reduce the price of each course and then pay it on instalments!

Posted on May 30, 2022June 5, 2023 by Xero Training

Planday for Xero or Square Team Management: Which Should Your Business Use?

Physical timesheets and all the manual data entry of employee scheduling is a hassle. Even with technology like email and text, it’s always a task to try and figure out who swapped shifts with who and coordinate a schedule that works for all your employees.

Workforce management software like Planday and Square Team Management have become popular alternatives. Planday is now owned by Xero, and Square Team Management is a service offered by digital payment company Block Inc. (formerly known as Square Inc.)

But which one should your business use? Let’s go through some of the main features you’d expect of a workforce management software, and see how Planday and Square Team Management compare:

Posted on May 23, 2022June 5, 2023 by Xero Training

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.

Category: Bookkeeping Skills