I’ve always been fascinated at the difference between sales people and accounts people. I consider myself a sales person first because I love meeting people and finding out what they need, then helping to find them a solution.
Although it just seems like sales people are just talking it is important to be aware of what you say and why and one of the most important tasks for a sales person is to quickly identify if someone is an ideal client.
If you can’t help someone or a new lead is not ideal it is best to spend less time talking to that person as possible without being rude or impolite, OR change your ad because it might be reaching the wrong people!
I spent the most part of a day securing some online services recently and it frustrated the #$%@*! out of me. That time could have been spent on something much more productive for a client or the business but it helped me realise something important.
We all need to protect what we have as well as go forth and try to create more.
I have to admit that I do like reading Xero’s annual reports. They are just like their software, graphical and full of simple graphs and images.
Their share price took a hit recently even though their revenue and subscriptions grew and it’s because they recorded a larger loss than they have in the past. When you read through the report though you realise that they are using a new metric to measure their success.
Could be this be a way of reporting on the profitability of your own business or where you work?
Learning anything new is a challenge and students approach it in different ways. Some of the things you learn in bookkeeping are very dry and it might be like that in the workplace too! I always find it better to try and have some fun when you’re learning something new and I’ve created a bunch of characters to help in the process.
As a course creator we have flexibility over the topics we cover and I like to use real life experiences that I have gone through myself or learnt about from work colleagues and friends. Here are some examples..
With the challenges of interest rate increases and cost of living issues we all seem to be questioning where to spend our money (after we’ve cut costs to meet our budget).
Have you noticed that there is now an interest rates and increased penalties if you pay anything late?! This was never a real issue a couple years ago because interest rates were so low but now it is critical.
Some people I know are juggling which bills to pay first based on the costs and charges of being late!
All the while people still want to invest in something that increases in value and land is a viable option.
Are you transitioning to a career in accounting and bookkeeping or need to get your head around what bookkeeping work involves? This bookkeeping course is designed for you.
MYOB was once the market leader in Australia but that changed since Xero launched and focused 100% on becoming an online accounting program.
In the background Intuit took over the distribution of their QuickBooks software in Australia (away from Reckon, who now have their own accounting software) and offered QuickBooks Online directly – they also recently purchased Mailchimp!
All of these brands offer online accounting software and you can now learn how to perform the common bookkeeping tasks using all the leading brands.
I’ve been getting up at 5.15am for the last 2 years – am I crazy?!
I’ve been getting up early because I work out with some friends and prefer early mornings to late nights. This means that I’m going to bed earlier and not working as much at night.
In the past I preferred to work late into the night and pushed myself to get as much work done as I possibly could. Sometimes this meant working until midnight but I noticed that the quality of the work wasn’t always the best.
The sun rises pretty early and I’d rather work with the natural light of the day than the artificial light of the night. I dug a little deeper into this and discovered that there are studies that explains how we perform at various times of the day and how that is affected by when we get up and go to bed – Circadian Rhythms.
Circadian Rhythms can affect how well you perform when studying too..
After the ludicrous events of the Covid Pandemic this era of high interest rates is squeezing everyone! Interest rates, petrol prices, energy prices and food. Have I missed anything? No, that is everything we need to live these days and prices have gone up a ridiculous amount but do you know how much your costs have gone up by?
I’ve recently taken to Microsoft Excel to perform budget calculations that I haven’t thought much about for a long time.
Amelia and her husband run a landscape construction business in Melbournes Eastern suburbs called Whitaker Landscape Constructions. She enrolled into a Xero Training Course with EzyLearn while doing a Cert IV in Bookkeeping and Accounting at Chisholm because she wanted more practical skills using accounting software.
What she discovered was how detailed and in-depth EzyLearn training courses and workbooks really are. OK, that’s enough of the boasting – here are some things Amelia said she likes about using Xero in her husband’s business.
We’re so used to paying subscription fees for everything today but not really owning anything. I was speaking with Brian from Spina Coffee Roaster in Morisset and he reminded me when small businesses could buy MYOB AccountRight and then only upgrade if they wanted too.
I recall the first subscriptions that MYOB introduced relating to Payroll tax tables. If the PAYG brackets or superannuation (covered in the MYOB Payroll Course) were changed by the Australian Government then you had to buy the upgrade from MYOB – even though it was a simple change of a couple of percentages in the software.
Now, most small businesses don’t even budge when they pay $1000pa for a Xero subscription!
Gina has 10 years experience in every aspect of operating and managing a tourist and caravan park in her home state of Tasmania and she loved the bookkeeping side of the work so much she wants to do it for other businesses.
She learnt how to use Xero and loves how it means she can do the work from anywhere – even Zeehan in Tasmania’s west.
Branding themes are just a fancy word for templates and you can create as many as you need in Xero. The biggest reasons to use different branding themes is if you use different payment methods or you have different brands within the business.
A major benefit when using branding themes is you can allocate a different theme for selected customers. For example if you have a set of customers that allow you to deduct payment for their invoices using a service uCollect you can allocate a branding theme in Xero that doesn’t give them the option to pay that invoice but instead shows a message for them NOT to pay and that the payment will be made automatically.
Financial reports reveal the financial state of a business and there are a bunch of standard reports for very specific parts of a business. The most common ones are the Profit and Loss Report and the Balance Sheet but they are more often referred to as Statement of Financial Position (Balance Sheet) and Statement of Profit or Loss .
If you’re a subscriber to this blog you’ll recall that I wrote about Xero’s 2023 financial report and how they announced a big loss yet their share price sky rocketed. There’s a lot involved in financial reporting and sometimes a business is more valuable if it is growing quickly than if it makes a loss, particularly if that loss is caused by one off items and helps contribute to future growth.
A Cert IV in Bookkeeping and Accounting is the same as any other Cert IV in Bookkeeping and Accounting, right? Wrong.
One of the biggest issues that ex Mentor Education students face in trying to transfer their credits to another training organisation AND continuing their studies is that EVERY RTO can choose some of their own subjects.
So a Cert IV in Bookkeeping can be different from one RTO and TAFE to another even though they’re the same qualification – does that makes sense. Let me demonstrate.
Xero is a great bookkeeping program for tradies who are on the go and using their phones (or a tablet) all the time. From receipts scanning to creating quotes and invoices, receiving payments and keeping track of project costs.