Posted on July 16, 2012July 16, 2012 by Steve Slisar — 1 Comment

Don’t oversell your MYOB bookkeeping skills

I recently wrote about resumes and social media that is being used by people to help them find employment and I touched on the topic of Linkedin. Of all the social media tools available to you, LinkedIn might be the best to focus on because it has all the tools available in social media (like recommendations, professional profile and education and more) and it is focussed on people and their professional connections and careers.

Michelle Hammond wrote an interesting article for SmartStartup way back in 2010 about “over-used” phrases in resumes and here’s the key phrases from that article:

According to LinkedIn, the three most overused terms are “extensive experience”, “innovative” and “motivated”, followed by “results oriented”, “dynamic” and “proven track record”. Rounding out the list are “team player”, “fast paced”, “problem solver” and “entrepreneurial”.

This view is backed up by our own resident resume writing expert Nicholas, former CEO of a UK based head-hunter who confirmed that “overselling stands out a mile when you are the person having to go through hundreds of resumes for each position. What really makes a difference is when you go into a little detail about what changes you contributed in your last position or some other specific information that the resume reader can delve into and explore a little more. It’s got to be real because a conversation can often evolve from what you write”

If you are compiling a resume for your own job seeking efforts make sure you demonstrate some sound information about the evolving legislation around BAS agents and information about Continuing Professional Development (CPD) for bookkeeping professionals.

Make sure you subscribe to our blog to receive other job seeking tips and tricks in your email inbox. If you are interested in our online MYOB training courses, remember that you receive LIFETIME student access.

Posted on July 13, 2012 by Steve Slisar — 1 Comment

The death of the resume

I was reading an article in SmartStartup by Brad Lindenburg just the other day where he writes about the “death of the resume” and thought that this would be an excellent place to begin a topic for EzyLearn online training students.

We’ve written before about formatting resumes and how they are sometimes read by a machine, but the concept of them dying is a little silly. If you are a high-tech hirer you will be searching for potential employees blogs or Twitter conversations, but if you want to find someone to perform bookkeeping tasks for example you will most likely welcome a comprehensive resume demonstrating your training, skills and experience. Most students of our MYOB training courses have a written resume that they use to apply for positions.

What we have found is becoming more relevant to jobseekers is Linkedin. Although the major social media tools such as Facebook and Twitter are good tools to connect to people with, we’ve found that Linkedin is the place where professionals are often head-hunted because it shows you professional connections and gives high-level hirers a better idea of the circles you “connect with”.

Ultimately, which-ever medium you use the key skill you need is using the right keywords and this will remain the key ingredient until we all focus on the use of videos as resumes. The term resume is here to stay!

Posted on July 12, 2012 by Steve Slisar

Faith, Change, Channel 10 and YOU

Change is a significant factor in everyones life whether we choose to accept it or not and I was curiously studying about Channel 10 and their recent tie-up with Zeebox from the UK. There is a lot of information available at the ASX website for anyone who want to find out more about any public companies you might be invested in with your superannuation fund, but here’s a handful of pertinent facts about Channel 10 that relates to all small business owners:

Channel 10’s share price is at their lowest point since the early 1990’s (which is normally a result of bad performance)
Channel 10’s shareholders include Lachlan Murdock, Gina Reinhart and James Packer (these people are savvy business people).
There was a recent rights issue (new shares made available to existing shareholders and usually at a discounted price) that all these investors participated in (they have faith that Channel 10 will be successful).
Channel 10 have a strategy for moving forward and into the TV and social media space (taking advantage of change in the market place)

I’ve written about this scenario because it is an excellent example of the issues that face every business. The major difference is that as a business owner you need to back yourself, which means you have to have faith and make strategic changes on regular basis to ensure that you get the results you want.

Posted on July 11, 2012August 13, 2013 by Steve Slisar — 1 Comment

ATO says write-off $6500 of capital purchases in the 2013 financial year

There have been some big tax changes this year and as part of our Bookkeepers Continuing Professional Development Program and our MYOB Training Courses we’re writing some short articles about key information that you can pass onto your customers or employers regarding their bookkeeping.

In conjunction with the recent announcements regarding the carbon tax, the ATO has made significant changes with regard to the Tax Free Threshold and Write-off for capital purchases.

Businesses with less than $2M turnover previously had to depreciate any assets which cost more than $1,000 over several years. From 1 July 2012 this has changed to a whopping $6,500. If you buy an asset valued at say, $5000, it can be “expensed” straight away, no need to include it in your depreciation schedule. It’s like an instant expense which reduces your taxable income .

The benefits are aimed towards smaller business owners as it affects their cash flow almost immediately, rather than being depreciated and split over a number of years. Want to receive these tips and tricks in your email inbox? Subscribe now and remain continually updated.

Would you like to see an example of how to manage asset depreciation and writing off assets using MYOB accounting software?

We’ve added new training content to our MYOB Reporting course about how to handle these tasks at the end of each financial year as part of our constant content updates. Make sure you subscribe to this blog to be abreast of all new training content as well as some free tips and tricks.

To find out more, click the ATO’s link here: Small business concessions: changes to simpler depreciation rules apply from 2012-13

Posted on July 9, 2012July 11, 2012 by Steve Slisar — 4 Comments

Is being a work-at-home mum like being on holidays?

One of the great benefits of being a work at home mum is being able to watch your kids grow up while you take some time out to do work. Since we operated computer software training centres in 1999 many of our students have been either working mums or mums returning to the workface after spending many years in babyland and for many it has been a difficult change.

We’ve always noticed that many mums look to enter the workforce in the bookkeeping field because the work is not time critical yet requires a good skill level that ends up paying well. The great news is that bookkeeping is moving further and further into the cloud so you can now literally do the books from your home.

We’re proud to say that we have a team of work at home mums keeping the engines running at EzyLearn Online. Our MYOB training courses are some of the most popular MYOB courses in Australia and we are able to provide them at their current prices because of the work-from-home mums that are part of our team.

Our business utilizes some state-of-the-art software as a service (SaaS) tools available today and we’re committed to helping all work-at-home mums learn the skills they need to ensure that they can have the work-life balance they are looking for. Our Work-at-home mums use VIRION business grade voip telephone services, HighRiseHQ online CRM, our online learning platform and our online student support system that manages queries from students.

Where you live has never been less important than now. As long as you have a good broadband internet connection and the skills to use cloud based applications you can earn a living while bringing up your children.

To those work at home mums reading this blog post we want you to know that we have some exciting announcements between now and the end of this year about the plethora of online software applications that enable you to earn a living from home while looking after your kids. If you haven’t subscribed yet, feel free to do so and receive updates as they are announced.

Stay tuned for announcements of new courses planned in the coming 6 months…

Posted on June 29, 2012June 29, 2012 by Steve Slisar

Have you been blacklisted? Remember the fake collar bomb?

We help people earn money as independent contractors as well as employees with our WordPress Website Design and Blogging Course and as a result we learn about internet issues that face our students and customers. We recently heard about something that would interest most people with their own website.

A customer was waiting to receive an order and was shocked to hear that emails being sent to their email address were being blocked. This began a long journey of discovery and if you have a heart for technical mumbo jumbo read on. If you know someone with their own website and domain name pass this onto them because they may experience the same problem.

What’s your IP address?

It all comes down to IP Addresses. An IP address identifies you via your connection to the Internet it also helps browsers locate a website that they’re looking for. Did you ever wonder how police are able to confirm that a criminal was looking at a specific websites? Remember the Collar Bomb Hoax in Sydney?

The modem in your home or office that connects you to your ISP has an IP address. Sometimes this IP address is fixed and sometimes it is temporary (also called dynamic) and it’s very easy to find out what your IP address is, just go to http://whatismyipaddress.com/ and your IP Address will be displayed on the website. Yep, that’s right, every website you visit can keep track of your IP address, even the training site for our online MYOB, Excel and WordPress courses keeps a record of the IP address you log into from!

What’s the IP Address of your website?

Every website you visit is really just a number of website files stored on a “host” computer somewhere in the world and most host computers also host other websites (unless you spend a couple hundred dollars per month for a dedicated server). This means that if another website is sending a lot of spam or even if their hosting has been hacked and spam is being sent illegally then the reputation of your website may also be affected. The good news is that these issues are often identified quickly and can be rectified quickly as well, but they are still a pain in the #$&web!

What can cause the problem?

Blacklisted IP Addresses - what can cause an IP address to be blacklisted — Click on the image to see a larger version

The problem that we recently experienced was caused by a blacklisting at Barracuda Central, but rather than telling us exactly what the problem was, we were given a list of potential causes. See if one of these has ever happened to you? What you might notice as very strange is that the problem could even have been caused by a local PC that is infected with a virus!

As you might imagine there are services available that claim to “protect” you from this type of thing happening again, but they charge a fee. We like the comment made at the WhatisMyIPAddress.com website:

WhatIsMyIPAddress.com does not run, manage, or have any direct relationship with any blacklist. We provide a single location to check the status of an IP address on 3rd party blacklists. WhatIsMyIPAddress.com does not recommend the usage of any specific blacklist and does not condone blacklists that require payment for removal. Our inclusion of such blacklists are for the purposes of completeness and should not be consider to be in support of that blacklist’s usage.

Do you want to read some more?

This is a great explanation of what a blacklist is and how they work, and if you want to read more about a company that wants to help you not get blacklisted read the about us at EmailReg.org.

You’ll be thrilled to hear that the problem was resolved. We asked to have the blacklisting removed, we signed up to EmailReg.org and did some tests, but we never found out exactly what caused the blacklisting and what we did to get of that blacklist….

Posted on June 26, 2012 by Steve Slisar

Why spend in June if you’ll just owe in July?

Conversations amongst business colleagues and business owners appear to suggest that many people are in a rush to spend before June 30. I spoke with someone who feverishly exclaimed that everyone should get private medical insurance! It’s all good and well to get in a panic before the end of the financial year but if you didn’t have the correct information before now and the decisions you make are not based on known facts then why make them?

It’s the time of year where all the data entry from Day-to-Day Transactions should be up to date, you should know the value of depreciation for your fixed assets and have a good idea of the value of your tax and GST liabilities. A profit and loss report and balance sheet will provide you with the information you need and if these figures are ready then spending decisions can be made. This is the time for reporting and reconciliation.

If you simply find yourself with money in the bank but don’t want it to go to the tax man think again, you might need it to pay your liabilities next month. For now, enjoy the bulging bank balance.

Remember. Compliance is the measure of success of your business plans so be compliant as soon as possible every month.

Posted on June 24, 2012June 24, 2012 by Steve Slisar — 1 Comment

Is the money really owed to you? Then pursue it!

Get paid on time using MYOB, Xero or SAASU - accounts receivable — Image from Sydney Morning Herald article about difficult payers on September 14th 2011

I was reading an article about difficult payers and the steps that some companies need to take to chase money that is owing to them and thought that this is something that every MYOB Bookkeeper needs to be aware of.

There seems to be perception (and most of the bad news seems to come from the building and construction industry) that payment of debts is something that should be stretched out as far as possible. I was discussing this concept with a colleague and was interested to find that this person believes that payments should be stretched out as long as practical. The interesting part of this conversation is that this person is a very reasonable man. He believes in long term investments and dealing with every person in a fair and reasonable manner, so it was strange for me to hear this mentality.

If you commission someone to do some work for you, shouldn’t they be entitled to be paid on the same terms that an employee is entitled to? I think so and you’ll find some skills to find out who owes you money in our MYOB Day-to-Day training course.

Here are the steps that are recommended:

Charge in Advance if you can
Chase money owing early
Provide multiple payment options
Be as up-to-date as possible
Enforce your trading terms
Be honest about non-paying clients
Give customers an opportunity to complain
Be polite
Get heavy on time

A leading author of MYOB and Small Business “How to” books, Veechi Curtis says that the squeaky wheel gets the grease. So, chase money as soon as an account falls behind. Perhaps a more relevant saying is “work with the willing”. There are many people who value the work you do enough to pay you before the due date. There are customers who can afford what you do and want you to think positively of them so they pay as early as practical.

Find customers who want to be good to you!

This blog post is an introduction to articles that will be coming shortly for the continuing professional development of the bookkeeping academy so make sure you subscribe to receive updates via email.

References taken from an article in the Sydney Morning Herald on September 14th 2011.

Posted on June 22, 2012June 23, 2012 by Steve Slisar

VIDEO: See a 3D printer produce a plastic widget

I recently visited a warehouse/factory in Silverwater where they distribute 3D printers. I had heard a lot about them but was never quite sure how you could print a physical object using a printer and needed to explore this a little deeper. Come along and watch as Joe from Rapman demonstrates how these amazing machines work.

The products that can be created using these printers is most things you can design using a 3D Cumputer Aided Design program. The printer is fed with plastic and it melts the plastic and applies layer upon layer until a 3D product is produced.

You may not see the video if you are reading this via email so click on the heading to get to our blog site. Feel free to subscribe and have these blog posts delivered to your email inbox.

It will be interesting to see how far this technology goes as it evolves…

Posted on June 21, 2012June 18, 2012 by Steve Slisar

Don’t be afraid, connect with the ATO via Business Portal

Are you still receiving your Business Activity Statements via mail? We receive our notification that the BAS is ready at the ATO’s Business Portal but the Business Portal is much more useful than just a way to deliver your BAS.

There are some great features of online tax lodgement:

You can lodge your BAS immediately online
You can see historical lodgements
You can change your contact details

The most complicated part of dealing direct with the ATO is the setting up of a digital certificate, but once that is sorted out you have all the convenience that you have come to expect from your internet banking and any other online service. All the information is there, you don’t have to rely on the mail to send or receive your BAS and you know exactly where you stand. If you have missed a lodgement you’ll also find that information at the portal.

The website address for the portal is https://bp.ato.gov.au/ so check it out and get through your compliance issues faster.

Our MYOB Reporting, GST and BAS course (which includes bank reconciliation) shows you how to get to the BASlink to produce a BAS using the data that you have already entered into MYOB. If you have entered everything correctly you will just need to complete your contact name and number and how long it took to complete. Then you can print that form out and keep it in your records. The information you see in the totals can then simply be entered in the Business Portal and submitted to lodge your BAS and get your compliance tasks out of the way so you can focus on running your business.

Posted on June 20, 2012June 24, 2012 by Steve Slisar

Is a website more important than your shop or warehouse?

I’ve recently attended some business building and networking events and have been fascinated at the number of people who speak about the importance good first impressions and having a professional website. What’s most amazing is that many of these people have a website that hasn’t changed in 2 years!

This is amazing because there are some very powerful and free website content management systems (CMS’s) like WordPress and Joomla and very inexpensive but professional templates (also called themes) where all you need to do is add hosting and a domain name and you have a website that you can change whenever you want. You can also easily update the news section of your website (usually called a blog these days).

The most important thing about a website though is that it is often the first time potential customers get to know something about you and how you operate your business. Your warehouse and office are things that they may never see, plus, you can use your website to give them some important information that makes them buy from you straight away.

Our WordPress course contains all the training you need to setup a professional website and start adding and modifying the images and words when and as you please. Plus, we have cheap student hosting through 123ezy online services. If you are an MYOB student that wants to start their own business, this is the next course you should take.

Posted on June 19, 2012June 17, 2012 by Steve Slisar

Do you want to see the results of our online MYOB quiz attempts?

We’ve made a simple online MYOB quiz available for anyone who wants to test their MYOB bookkeeping skills. It’s a very simple test designed to show people how online knowledge tests work and also have some fun and see how much they know. We did an export of all the results (minus the students details of course) and you can see them in our Microsoft Excel Training Course.

These test results show how long it took students to complete the test, their results, overall score and more and the datafile is available in our Microsoft Excel Course 308 which includes:

Understand 3D formulas between worksheets, cleaning up data using advanced filter, create a pivot table and change the value field settings, create a pivot chart to visually show the stats, using advanced functions like CHOOSE, VLOOKUP, HLOOKUP, MATCH and INDEX, look at advanced functions within functions (Nested Functions) and how to protect the worksheet and workbooks

The knowledge reviews in our online training courses are much bigger and more complicated and they provide us with a great tool to identify areas of difficulty for students and help us constantly update and improve our MYOB training courses.

Posted on June 18, 2012January 11, 2013 by Steve Slisar — 1 Comment

Does your business innovate or compete?

Red Ocean Blue Ocean from Dr Sarah Laytons Blog

At a recent business owners breakfast I heard someone speak about blue ocean and red ocean strategies. I’m going to write some blog posts about how to build your business as part of our project to help our MYOB students start, maintain and build their own bookkeeping businesses and this article is a fitting way to start.

The Blue Ocean strategy involves finding new demand in an uncontested market which essentially means to innovate. This essentially means create something new, but I think for many small business it could means package your services so that you can demonstrate a difference between your bookkeeping business and others. The Red Ocean strategy is all about competing head to head with your competitors to try to get existing customers to move away from someone else to use your services. You can get a better idea of what Blue Ocean strategy is at their website.

We try to innovate in our services by offering lifetime access to all courses, provide all skill levels in one course (ie. beginners to advanced) so you don’t have to waste time trying to figure out which level you are at and provide different versions of training for Microsoft Word and Excel (ie. 2000, 2003, 2007 and 2010.

This table shows the key differences between the strategies. See which strategy you are pursuing.

Are you looking at starting or growing your business?

Do you want to start a business? Do you want to create a business plan? Does it all seem a bit daunting?

[quote]We are working with Maggie Richardson, author of “Starting a business in Australia” to get her Cert IV in Small Business Management online.[/quote]

This course not only gives you a well rounded education of the requirements to start and build a small business, but you will end up with one-to-one help in creating a business plan as part of the course! Read more..

Posted on June 16, 2012August 4, 2014 by Steve Slisar — 4 Comments

Tabs and Tables make a great resume

One of the most popular office productivity programs in the world is almost taken for granted these days as a program that everyone knows how to use, but there is a lot to learn to really master it. We’re talking about Microsoft Word of course, and we’re currently having new training content recorded for Microsoft Word 2010.

You might recall from previous posts that we offer lifetime access to our training courses. You might also recall that our Microsoft Office courses include most versions of the software so you can enrol knowing that all versions are covered. We also include access to beginners to advanced courses all for one low price! That’s our learning guarantee.

You will have the chance over the following weeks to see some of these new videos right here so stay tuned and make sure you subscribe to receive these posts via your email.

You’ll get some insights into tabs and tables. They are extremely powerful Microsoft Word tools that help you make your Word documents look professional. If you get the wording right in your resume and use your Microsoft Word skills to make your resume look good you’ll increase your chances of getting that job.

Tables are like spreadsheets

Even though you often see the borders of a table in Microsoft Word you can change the formatting so that they are invisible and this is a great way to get some structure in the content in your work document while not showing that your using tables. Tabs are also very handy but you need to remember that tabs are paragraph formatting so if you forget to apply them to each paragraph you are working in you might find the whole process very messy. There are also the option of using the default tab stops to make text line up, or setting your own (which we recommend because you can make the text line up as centres or right aligned and even to the decimal points if you are putting a pricelist together).

Formatting your resume

If you are using Microsoft Word to create your resume you’ll definitely make it look better with the use of some structure, after all, it’s the structure and layout that often separates a professional looking resume from an average looking one. If you are not sure how to create your own resume, let one of our professional partners create a professional resume for you and provide training so you know how to make any modifications yourself.

Discount Coupon for MYOB Training Courses

We also mentioned the discount coupon available to you for our online MYOB training course, but we forgot to mention that the discount coupon actually applies to all courses!

Posted on June 14, 2012June 14, 2012 by Steve Slisar

Did you get your electricity bill?

There was a letter from the Energy company sitting on my desk today. I took a deep breath, prepared myself for a new invoice and opened it. To my pleasant surprise there was no bill, instead I received a letter with an accompanying brochure, warning me of my impending bill.

But it wasn’t really a brochure, it was my terms and conditions. I am certain that I had seen this before so why did they send it again? What I was most impressed with was how they sent these terms and conditions. Rather than send them in fine print on lengthy A4 pages it came in the form of a brochure. That alone made sifting through them easy to digest – very smart Tru Energy.

We thought we would use this opportunity to share with you a great story about how one company, EnergyAction used our Excel training course at a training centre near their Sydney office in Parramatta, to teach their employees how to create excellent spreadsheets that demonstrate how much money they can save on their electricity costs.

Posted on June 13, 2012June 13, 2012 by Steve Slisar — 1 Comment

Should we offer MYOB Training Courses to group buying companies?

group-buying-sites-choice-review-discounted-MYOB-training-course — Image from Choice website

We’ve been approached by many different Groupon type companies. There seems to be hundreds of these sites popping up every day and they are famous for offering you almost unbelievable discount coupons for almost anything but most commonly services like pedicures, restaurant and cafe meals etc. We’ve always ensured our prices are competitive and bookkeeping students receive good value for money, but our Training Partners have tried them and we’ll share their opinions with you.

For business owners (or merchants as we are called) group buying sites promote the possibility of receiving hundreds of sales of your product (so you better make sure you can service the demand) but what do they want in return. Here’s a classic scenario:

Normal Price: $200

Group Buying Price: $100

Saving to you: $100

Margin that goes to the Group Buying Site is typically 50% of the discounted price, ie. $50

This means that a merchant that would normally receive $200 for something, will now receive $50! Is it worth it? Then why not just sell it on special for $100 and spend some money advertising it? As you can see, we are pessimistic about the future of group buying sites. Our training partners workface.com.au offered a discount on their Microsoft Excel training courses only to receive a handful of sales.

And there are hundreds of these group buying sites. See if you can recognise some of these names: Cudo, Groupon, AlltheDeals, Spreets, Living Social, Grabone, BizzBuzz etc. At the beginning of 2011 a local Australian startup in the space was sold for $40M! If you have time read a review by Choice Magazine.

The main reason we don’t like the big group buying sites is because of some of the conditions imposed.

When you buy the discount voucher the group buying site earns the money. Some of the more selfish sites will then only pass this money to the merchant when the customer uses the voucher. In other words, if the customer doesn’t use the voucher within the “valid period” the merchant earns nothing and the customer loses the benefit!

By the way, I was at a software training function last week and a birdy told me that consumer protection laws might come into affect that provides protection for buyers of these discount vouchers – if you buy a $50 product then you can receive $50 off after the offer period has expired. Watch this space…

As far as discount coupons, we make them available to you. Just tell us what you are looking for in a training course and you’ll automatically receive a discount coupon code for our MYOB, WordPress and Excel training courses.

Category: News