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Xero reveals gaps in it’s own software

Learn how to use Xero and MYOB with online courses

It’s annual report time again and Xero just released their annual results. I always find their annual presentation fascinating because they reveal a lot of visual information about the small business market that they sell to.

Small businesses that employ 1-20 staff are the majority of their users so learning how to use Xero means that these companies will be your employers.

The annual report and presentation also reveal gaps in their software and one interesting one that I’ve written about before is inventory.

Xero has basic inventory for businesses like a telephone sales and support business in our Xero course case study but not for serious retailers.

Master Xero with the Xero Complete training course and find work with small to medium employers.

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Microsoft Excel skills are important this time of year

Microsoft Office Excel Online Advanced Training Course - pivotTables, vlookup, MAtch, nested functions

Are you finding work quiet this time of year? We’ve just been handed down our budget and emails are starting to fly around showing what it means to us.

Its the time of year where we find out how well we’ve done financially. It’s the time of year where workers will see how much they can borrow to buy property in the 2025 financial year and where they need to cut back.

Most of this financial information will be worked out using Microsoft Excel.

Continue reading Microsoft Excel skills are important this time of year
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This is the cheapest way to learn Xero and Microsoft Excel

EzyLearn Online Course Training Manuals and Workbooks for MYOB, Xero, Excel, Office, Word, QuickBooks Online

Most people like to watch some videos about how to use Xero or Excel and then try to replicated it. This works well when exercise files are provided to help you practice. This is particularly important when you get into the Intermediate Excel training where you learn skills like formatting and formulas.

EzyLearn Online Course Case Studies real world scenarios examples for Xero, MYOB, Excel, Digital Marketing Courses

When learning bookkeeping using a program like Xero it’s important to follow along using case studies. Case studies provide a learning journey to help you understand not only how to use Xero but why certain tasks are done.

Xero Accounting Training Course Manual & Workbook - Data Entry, Accounts Receivable & Payable-sml

Our Complete Xero Course includes all learning resources and support but not everyone can afford them (even though they are competitively priced for what you get).

If you want to learn Xero and Excel and don’t have a lot of spare money then purchase our training manuals.

The Xero Course for daily transactions and beginners to advanced Excel course workbooks are available for sale separately.

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Tradies are winners in the 2024 budget

Tradies can learn MYOB and Xero to manage their credit, cashflow and GST BAS tax in online courses

Tradies are the critical workers in the Australian property market. They’re responsible for new home builds as well as renovations and extensions. Since Covid they have been in hot demand and one builder I spoke to said he use to advertise and not even get one response since Covid.

They also run some of the most complex businesses and need the help of bookkeeping software like MYOB and Xero, particularly where it relates to Project or Job Tracking.

In the 2024 Australian Federal Budget they got some good news.

Continue reading Tradies are winners in the 2024 budget
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Which of these jobs do you want?

Who cares if you have an Advanced Certificate in MYOB and Xero - Online Xero & MYOB courses with practical tasks - EzyLearn

We’ve just updated our Job Outcomes page to showcase some of the jobs that EzyLearn students apply for. Most of our graduates are looking for Office Admin or Business Admin jobs but others want to start their own business.

MYOB and Xero Courses along with Microsoft Office form the foundation software skills required to perform these jobs but one of the most overlooked roles is that of a Receptionist or Customer Service person.

Advanced-Certificate-in-Business-Administration-Training-Course-Finding-and-Getting-Your-Ideal-Clients

There is a huge responsibility in being a receptionist because in many ways you need to know a lot about various parts of the business and the right employees to refer callers to. Imagine you have just started a receptionist job and you can people calling all day long about accounts, sales, technical issues and how their project is progressing!

Now imagine you are running your own small business as a remote contractoryou have to know it all!

Explore the Job Outcomes page and let me know if you think we should be adding anything to one of the job types.

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Thriday slyps past Xero directly to NAB Bookkeeper trial

NAB Bookkeeper uses Thriday to Fight Xero for tax obligations and reconciling

The one thing I’ve found fascinating in accounting and bookkeeping is watching technology companies try to win clients. I’m not just talking about the special offers, features and pricing but how they use technology to make bookkeeping seamless – to replace some of the bookkeeping tasks!

The most recent event I’ve witnessed is NAB bookkeeper service that has a six month free trial and is $20 per month thereafter. 

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

When you read the fine print it is revealed that Thriday is the technology behind NAB bookkeeper. After a bit more research I discovered that they want to capture a massive part of the micro and small business market by reducing the business administration tasks.

I’ve written in the past about how NAB use Slyp for for smart repeats and this is another example of a technology investment aimed at helping small business owners replace the cost of accounting software and even having to have a bookkeeper. 

Friday is a service that uses technology to combine data entry from transactions with your actual bank account. One of the biggest challenges for small businesses it’s all the data entry involved to reconcile their accounting software like MYOB and Xero to the actual bank statement.

This represents the majority of bookkeeping jobs and can be learnt in our Beginners Certificate in MYOB and Xero.

We are a long way from the majority of businesses using Thriday, Hnry and services like Slyp but with their laser focus to help to eliminate the data entry and time wasting admin tasks and inaccuracies it is good to be aware of these companies and their technology.

The big question now for companies like Xero is can they continue to increase the monthly cost of their subscriptions when services like NAB bookkeeper a targeting the time costs inaccuracies of doing your bookkeeping. 

Perhaps in the future bookkeepers will have to focus on customer service, sales and more of office administration type tasks as well as simply reviewing the data and financial reports and information that are created automatically by services like NAB Bookkeeper.

Is this how artificial intelligence will replace manual labour by Australian bookkeepers 

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Congratulations! What’s next?

EzyLearn Office Admin Course student testimonials

Is your name on this list?

I want to thank the following students for choosing EzyLearn and graduating from their Office Admin and Bookkeeping short courses.

At this point we don’t speak with some students again because they have the new skills they want and they use them to find work or do better in their jobs. That is a sad part of the training business for me.

Some students take advantage of our Career Academy services and stay around to get exposure to employers and other students.

Continue reading Congratulations! What’s next?
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Do You Need a Bookkeeper or an Accountant? Or Someone Else?

find a good local bookkeeper

There are many finance professionals — who does your business need?

find a good local bookkeeper
Does your business need a bookkeeper, accountant or perhaps just a BAS agent – or a little bit of everyone?

WE’VE MENTIONED PREVIOUSLY THAT finding a bookkeeper, when you may not know much about bookkeeping, can be a difficult task.

In fact, a lot of new business owners assume their accountant will take care of everything for them, which may be costly if their accountant has to perform a year’s worth of bookkeeping in order to file the business’s tax return. But bookkeepers and accountants can work harmoniously in your business.

As a general rule, every business needs at least two finance professionals working on their business accounts, but which two professionals you’ll need to hire depends on your business needs. If you’re not sure who you need to hire for your business, here’s a cheat sheet to help you out.

Bookkeepers (not registered with the TPB)

An independent bookkeeper not employed by an accountant and not registered with the Tax Practitioner’s Board (TPB) may only perform basic bookkeeping services, such as the

  • entering of receipts,
  • coding financial transactions,
  • generating invoices and purchase orders
  • accounts receivable and accounts payable

If you hire this type of bookkeeper, you’ll still need an accountant.

BAS agents

BAS agents must, by law, register with the Tax Practitioner’s Board (TPB), which certifies that they are qualified and have completed the necessary continuing education requirements to perform the tasks of a BAS agent, which involves carrying out most of the bookkeeping tasks mentioned above, in addition to preparing and lodging business activity statements on a business’s behalf.

If your business is registered for GST, you will need to file regular activity statements. If you hire a BAS agent, you’ll also need an accountant. In some instances, you may find a BAS agent who’s also a registered tax agent and vice versa, who may be able to take care of all your taxation needs.

Tax agents

Although tax agents, like BAS agents, must also register with the Tax Practitioner’s Board (TPB), a tax agent is focused on income tax — how much income you have to declare, how much you can claim back, etc.

This is distinct from a BAS agent who is concerned with the day-to-day financial tasks of your business (bookkeeping and BAS lodgements). That said, some tax agents will also perform some the basic bookkeeping tasks on a regular basis, though they primarily specialise in lodging tax returns.

If you’re not registered for GST, and your tax agent will also perform regular bookkeeping tasks (or you can do it yourself), you may not need to hire an accountant. In some instances, you may find a tax agent who’s also a registered BAS agent and vice versa, who may be able to take care of all your taxation needs.

Accountants

An accountant is mostly concerned with planning and strategy. Unlike bookkeepers and BAS or tax agents, an accountant will assess and advise you on what actions you should take to maximise your income. Great accountants will get involved with planning the direction of your business and ensure it’s been structured properly and that you’re meeting any additional tax obligations.

They’ll also help you to make strategic purchases for equipment and machinery, and work with your BAS agent or bookkeeper to ensure these decisions are reflected in your daily financial records. An accountant is also able to prepare and lodge tax returns on your behalf.

How much should I pay a bookkeeper?

Check out the National Bookkeeping Directory, which features the details of bookkeepers, capable of doing data entry and clerical tasks, through to high-level accounting work as undertaken by BAS agents, accountants and CFOs.

You can also see the National Bookkeeping rates page to find out what level bookkeeper your business needs.


cashflow reports in xero and excel

Our Xero online training courses include EVERYTHING for ONE LOW PRICE. Furthermore, if you select our Lifetime Membership option, you’ll have LIFETIME access to our ongoing course updates. All EzyLearn courses are accredited by the Institute of Certified Bookkeepers (ICB) and can be counted towards Continuing Professional Development (CPD) points. Find out more about our Xero online training courses. 


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Who do you trust less? Microsoft, Mailchimp, Google or Apple?

The features that each of these companies provide is invaluable for businesses. We can’t do without most of them in some way and when they started you, like me, probably turned on all the features and opted into their “labs” to test out new features. Then things changed.

These companies are now mature and they command respect as market leaders. Their financials are also very healthy because they’ve managed to monopolise some aspect of their market. These are some of the things that has happened to me over the years, has this happened to you?

Continue reading Who do you trust less? Microsoft, Mailchimp, Google or Apple?
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Is Microsoft using Antitrust Techniques to Beat Google using AI

How is Microsoft and Bing Competing against Google using AI - Online Business Training Courses

I’m a Google fan, from the simplicity of using most of their software programs to their low cost services I’ve always loved how they compare to Microsoft who charge a licence fee for their software.

But once upon a time I was a Microsoft fan because of the low cost model they had compared to Apple.

I’m watching this Artificial Intelligence race with interest (everyone on Linkedin is commenting about it) but I noticed something recently that shocked me.

Continue reading Is Microsoft using Antitrust Techniques to Beat Google using AI
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How to earn $50 per hour

Learn bookkeeping with MYOB and Xero courses to earn money as a virtual assistant and remote tutor with EzyLearn

Are you earning $50 per hour at the moment? If you aren’t it can seem almost impossible to believe that you could, particularly when you look at your boss and imagine yourself asking them for a pay rise.

I searched online to see who earns $50 per hour and most of the search results in Seek and Indeed showed up saying you have to be a doctor, pharmacist or HR Manager but bookkeepers earning this much regularly.

Continue reading How to earn $50 per hour
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Is Xero Getting TOO Aggressive?

MYOB and Xero training courses. Advanced Certificate in MYOB and Xero

The constant need for some companies to continue to grow revenue or subscriber numbers can make the employees do things too aggressively.

Xero has always done a great marketing job against MYOB because it was easy – all they had to do was have good software that was easier to use and in the cloud – now they’re ALL in the Cloud!

Xero focused on a cloud only model and the integrations between it and other online software programs. This was a marketing strategy that may have stretched the truth a little!

Xero boasted about how good their software is for Real Estate Agents but it was one of their ReLeased integration that users loved.

Why Xero is better than MYOB now?

MYOB’s problem was that is WAS a Windows based software program. This made using the software harder because you had the constraints of running only on a Windows computer and had to upgrade that software regularly. It also caused issues with their Mac version and they ended up having to discontinue that software and push their Mac users straight to their Cloud version, MYOB Essentials.

Continue reading Is Xero Getting TOO Aggressive?
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Business Office Administration Training to find Remote Work

Selling Academy Sales Training Courses logo

I recently wrote about the Internship opportunities for selected business and office administration training courses – this work can all be done online, remotely working from home.

One of the best things about running an online training business is that we can deliver our courses to the thousands of students who live in remote parts of New South Wales, Victoria and Queensland and the rest of Australia!

Read on to discover how you can up-skill and learn how to become a remote working virtual assistant performing business and office administration work from your own home

Continue reading Business Office Administration Training to find Remote Work
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Aldi specials all the way down to the toilet

Aldi Toilet Fixed Price Installation - Office Admin and Business Administration Courses - Xero & MYOB training web

One success story worth watching in Australian grocery retailing is Aldi. With their special buys, weekly catalogue and well known overseas brands (that no one knows here) they have an unbelievable advantage in price and differentiation.

One thing they did that really stood out to me a couple years ago was their $299 toilet offer, including installation. Who else includes installation as part of the sale of something that NEEDS installation!

Marketing-Academy-Joint-Venture-Training-Course-Creating-the-Perfect-Offer-Magazine-Advertisement-1-Aldi-Toilet-Suite-Installation-Package-small

Harvey Norman do and both operate a certain way to do it.

The tricky parts of this marketing strategy are:

  • Installation quality can vary from site to site
  • Installation issues can vary massively depending on how old the home is
  • Co-ordinating plumbers in every suburb is a huge job
  • Managing the ordering of trades for new purchases is a customer service hot spot

Aldi nailed it all and provided a good quality product and service. How do I know? I tried it out!

Business Course – How to create a Perfect Joint Venture

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

Learn how they created a Joint Venture that enabled them to sell a product that is normally delivered and installed by a trades person.

Not only did they sell a good quality product at a good price but they also helped their Joint Venture partner earn some money too.

One of the biggest risks that trades people have is credit risk, particularly the credit risk of supplying a product AND a service and copping the risk on both items.

The Xero Beginners Course includes training on Credit Risk to help reduce it.

Harvey Norman and Aldi use “perfect scenario installations” to sell their products. Very few installations are perfect so most people will need extra services and that is how both parties benefit from the Joint Venture.

Digital Marketing, Customer Service and Sales Training

Creating the perfect marketing offer is a strategy to increase sales but the follow through and communications from your team is what makes it successful.

Selling Academy Sales Training Courses logo

The Targeted Ads, Customer Service and Training course gives you the knowledge and tools to create marketing strategies that provide results that you can measure.

It is built for micro businesses who sell products and services and one of the case studies is someone starting a bookkeeping business.

See the Special Offers, Customers and Sales Training Course

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Extra Training with Business Administration Courses

Online Office Administration and Business Administration COMPLETE Training Course Package Logo

I went into great details 2 years ago about the differences between Office Administration and Business Administration, including how much you can expect to earn.

To cater for students who want to find business administration jobs we created the Online Business Admin Course Combination, which includes

  • Data Entry and Microsoft Office Courses,
  • Daily Transaction bookkeeping using Xero and MYOB Courses, and
  • Courses in Payroll Administration using Xero and MYOB.

The Online Business Admin Course is well priced and includes most of the skills you need to perform the work but you also get access to the FREE Student Inclusions shown here.

Office Administration and Business Administration Complete Training Courses Combined

If you have decided to go all the way with your office and business administration skills and/or want an ongoing resource for your work or business I present to you the Office + Business Administration Certificate Course.

This includes all skill levels from beginners to advanced skills in the leading bookkeeping software programs and Microsoft Office – including the Microsoft Forms bonus course.

Enrol into and complete this course and if you join the Bookkeeping Academy we’ll take you on as an intern!

We’ll create an online profile for you to help you get discovered online and pass on leads for bookkeeping work or tutoring clients.

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Do I need to be a bookkeeper or have accounting experience to learn Xero and MYOB?

ezylearn-bookkeeping-basics-training-course-workbook-logo

We receive a lot of inquiries from students who are interested in changing careers to do accounting work or become a bookkeeper and you DO need to know about bookkeeping to do this work.

That is why we include basic bookkeeping training in our Xero and MYOB Complete training courses. The Basic Bookkeeping Training Manual is available to all EzyLearn bookkeeping course students.

ezylearn-bookkeeping-basics-training-course-workbook-logo

This training manual goes through and explains common transaction types that relate to:

  • Assets,
  • Liabilities,
  • Income, and
  • Expenses

You don’t need bookkeeping knowledge to do an EzyLearn Xero or MYOB Course

Apart from the bonus Basic Bookkeeping training manual the reason you don’t need to have prior bookkeeping knowledge is because we lead you through all the transactions in a logical, well explained course.

Jerry profile startup course and social media marketing for small business entrepreneur

We’ll show you step-by-step how to perform the bookkeeping transaction you’ll enter when you work for an employer.

One of the hardest things about creating an accounting course is designing the flow of transactions for students to enter to ensure that they receive comprehensive knowledge. We’ve been refining our office admin and bookkeeping courses for over 25 years using case studies of different business types and with the help of our humorous business owner, Jerry Lame.

Watch some video testimonials from EzyLearn students to see how easy it is to learn Xero and MYOB.

Learning bookkeeping can be fun and we try to combine serious knowledge with humorous and REAL case studies of what really goes on in many businesses.

Bookkeeping Academy MYOB & Xero Courses

MYOB and Xero are completely different software programs and MYOB has several versions! For the most comprehensive bookkeeping training we offer these courses in a combination package and at a discounted price.

Bookkeeping Academy courses also include an online listing to help you get discovered by local businesses and employers.

See the MYOB & Xero Bookkeeping Course Combinations