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Learning Xero Will Help You Run An Online Business

Intuit QuickBooks Online mobile application superior to Xero Accounting smartphone app - online training courses EzyLearn

Let’s face it, when you can manage your finances from anywhere, using your phone to scan receipts and Xero Accounting to code them and store them in the cloud one of the hardest parts of managing a business is taken care of. 

We’ve all been able to call, text and email from our mobile phones and use online marketing tools like Google Ads and Facebook for social media so when you finally get your back office tasks migrated to the cloud it’s easy right? Well, that’s what the marketing hype says anyway, but things aren’t that rosy really, are they? Continue reading Learning Xero Will Help You Run An Online Business

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Remote Working? Remote Learning? What Will You Get Done This Week?

Work remotely and study from home online by setting goals and todo lists - Learn Xero, MYOB, Digital Marketing, Microsoft Office quickly and cheaply - EzyLearn

One of the scariest things about working remotely or learning remotely is that you’re more of your own boss. With no one glancing over at you or engaging with you face to face there are more of those moments when you think to yourself, “what will I do now, then?” 

The bigger question is what do you expect to achieve by the end of the week!? There are a couple tools that I use and here are some of the tips that I use to stay on track each week. 

Continue reading Remote Working? Remote Learning? What Will You Get Done This Week?

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Someone just got the sack because they didn’t know the bookkeeping basics

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I love working inside new businesses and getting involved in setting up their processes – even accounting – and I recently had the chance to work in a marine business.

Applied Education at TAFE & Career Academy for online Xero, MYOB accounting training courses comparison 4As with all startups they are setting up new processes and experience hiccups along the way like all businesses do.

The saddest part for me was when they sacked their office manager because she couldn’t nail the basic bookkeeping skills and attention to detail performing these tasks:

  • Data entry
  • Bank feeds
  • Matching transactions
  • Bank reconciliation

Accounting software companies make you believe that their software makes this all a breeze but in reality office admin and accounts staff must be persistent and diligent with these basics. Here’s what caused the issues: Continue reading Someone just got the sack because they didn’t know the bookkeeping basics

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Learn Payroll Administration in 1 day for $99 – Limited Time Course Offer

This is a fantastic new offer that is available for a limited time AND available on ALL our Payroll Training Courses in Xero, MYOB AccountRight, MYOB Essentials and QuickBooks Online. 

Confidence performing Payroll tasks can kick-start your accounts career and make you more valuable to your current employer. If you are a job seeker it’s even more important to have payroll administration knowledge. Continue reading Learn Payroll Administration in 1 day for $99 – Limited Time Course Offer

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NEW: MYOB, Xero & QuickBooks Training Courses for $20 per week!

Career Academy support for online MYOB Training and Xero Bookkeeping Courses with Accounting Tutors

The payment plan for the MYOB AccountRight COMPLETE Training Course package for $20 per week has proven to be popular and is still currently available. Better still we’ve just launched a payment plan for the Bookkeeping Academy COMPLETE COMBO – that means you can pay a low weekly fee of $20 and receive training on EVERY major accounting program in Australia, from Beginners’ to Advanced!

Continue reading NEW: MYOB, Xero & QuickBooks Training Courses for $20 per week!

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New Course – FREE for Existing Students: Xero Projects, MYOB Job Tracking & Inventory Reporting

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I’ve written some blog posts about Xero & QuickBooks Projects and MYOB Jobs recently. In fact, if you visit our MYOB AccountRight and Xero Training Course pages, you’ll see there is now an extra course included in the COMPLETE course packages!

The course was built as a result of the needs of people who’ve been using our training materials to help in their own training. What’s interesting is how important your current inventory and inventory management is to managing the cashflow and profitability of a project.

Continue reading New Course – FREE for Existing Students: Xero Projects, MYOB Job Tracking & Inventory Reporting

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How We Create a Xero Training Course

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MYOB AccountRight, QuickBooks Online and Xero come with job costing and job tracking functions allowing users to develop more accurate budgets and avoid cost blow outs.

I’m excited to be delving deeper into a micro course specifically targeting how you can manage on-the-job costs and track your project. This will be included in all of our Xero, MYOB and Quickbooks online accounting courses.

Continue reading How We Create a Xero Training Course

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Should You Send Reports to Late-Paying Clients?

paid on time reports for credit management accounting software

Want to learn how you can really manage late payers? Simply by reconciling more regularly, you can use a “real time” snapshot of your cash flow in your accounting software, rather than relying on your bank balance.

Continue reading Should You Send Reports to Late-Paying Clients?
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Are EzyLearn students just like YOU?

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‘Social proof’ is testimonials, reviews and feedback of others, that vouches for the product or service we’re thinking of buying. Social proof backs up the fact that what we’re considering buying is what it says it is.

Come see some social proof about EzyLearn by meeting some students from the past few weeks
— you just might have a lot in common with them.

Continue reading Are EzyLearn students just like YOU?
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ANNOUNCEMENT: NEW Microsoft Office Training Course BUNDLE now only $149

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Learn Microsoft Office — Word + Excel + PowerPoint + DropBox + Much, Much More! = $149

MICROSOFT BUNDLED ALL THEIR Office Productivity Suite software programs decades ago for many reasons.

The MAIN reason was so that all businesses, big or small, could use these software programs to improve their productivity and make them look more professional.

We’re now bundling them together for students who want it all.

Continue reading ANNOUNCEMENT: NEW Microsoft Office Training Course BUNDLE now only $149

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Why Freelancers and Contractors are Good for Your Company

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THERE ARE ESTIMATED to be over 4 million Aussies working as freelancers. Of this, roughly 750,000 people work regular jobs but freelance on the side (which, needless to say, is a great way to break into freelancing while reducing your risk).

The number of freelancers in Australia has skyrocketed since the GFC, partly because of the overall reduction of the workforce; and partly because of the number of mature-aged workers staying in their jobs past the traditional retirement age.

These factors combined produced a bottleneck effect in the job market, which made it difficult for certain workers to advance their careers, while others, typically young graduates, struggled to gain a foothold in the job market at all.

Continue reading Why Freelancers and Contractors are Good for Your Company

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Why Older People are Saving Startups

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There’s a growing freelancer economy in Australia which is being driven by the decreasing number of full time jobs.

Freelancing and working as a contractor is popular among young workers due to fewer job vacancies that exist because older workers are remaining in their jobs for longer.

There’s also more women with children starting their own businesses and working as freelancers and contractors. Without generalising older contractors don’t try to pretend they’re something they’re not and business respect their experience – AND small businesses need these people.

Continue reading Why Older People are Saving Startups

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Are Online Payments Right for Your Business?

woman stressed about credit management and cashflow management

Getting paid seamlessly, online

woman stressed about credit management and cashflow management
Lack of cashflow in a business is still the chief cause of insolvency – which is why proper credit management procedures are as essential as ever.

 

WITHOUT SOUND CREDIT management processes, any business can come asunder. 

Credit management, in a nutshell, is the process of ensuring your customers pay you on time, every time, of which technology has played a big part.

Cloud accounting, for example, has sped up the time it takes a business owner to create and send invoices to their customers, which smartphone and tablet accounting apps has further aided too.

But the next frontier, and it’s one that QuickBooks is already pushing with its PayPal partnership, is seamless online payments.

Payment gateways

Businesses have been able to set up payment gateways in their accounting software for sometime, using PayPal (or Stripe or Braintree or many more in the US), for sometime. The downside, of course, is that you’re charged a fee each time your customer uses one of these services.

This is fine if you run an online shop, because you can incorporate the fee into the price of your products. It’s not so great if you offer professional or other services that may vary in price customer-to-customer, project-to-project. Hence, the PayPal-QuickBooks partnership was such a game changer.  

Online payments

Again, this option has been around for a while, with Xero and QuickBooks especially, but was only recently added to MYOB. It’s not dissimilar to the payment gateways feature we mentioned above, only it enables customers to pay your invoice securely and quickly directly from your invoice, with just the click of a button.

According to QuickBooks, this option has seen businesses paid two times faster than if they had to manually, by logging onto their internet banking and creating the payment themselves.

Mobile payments

These are the latest players in seamless payments, and they specifically relate to payments made by tapping or waving mobiles devices (smartphones, tablets, smartwatches) at a EFTPOS machine.

Currently, the Apple Pay is only available to AMEX customers, while Android Pay is available to customers of the ANZ, Bendigo Bank, Macquarie Bank and most credit unions.

If you accept credit card payments in person, and you’re EFTPOS terminal has the option for customers to tap or wave their cards to make a payment, you can also accept them from connected smart devices.

***

Getting paid by your customers as quickly as possible is a crucial component of maintaining a healthy cash flow for your business.

This also forms the basis of any good credit management system.

If you need help with your credit management, ask your bookkeeper if they also provide this as a service, or search the National Bookkeeping directory to find a bookkeeper who does.

Request a Bookkeeping Quote

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Bookkeeping Basics: Payroll and Paying People

EOFY is nearly here — can you manage payroll?

woman studying myob payroll xero payroll quickbooks payroll online training courseIN OUR FREE, EDUCATIONAL GUIDE, Bookkeeping Basics, we feature a section that discusses payroll, which we thought was worthy of being expanded upon on here.

You might also like to go back and revisit our other blog post that complements the free beginners guide, Bookkeeping Basics: Cash vs. Accrual Systems, if you haven’t already.

In this blog I explore some of the rudimentary knowledge for payroll administration jobs.

Continue reading Bookkeeping Basics: Payroll and Paying People

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TSheets for Independent and Remote Contractors

TSheets is a cost effective way to manage and track your time

tsheets by quickbooks logoTSheets, THE TIME MANAGEMENT SOFTWARE, is a great way for independent and remote contractors to manage their client’s projects. It’s especially useful for contractors who are collaborating remotely with other contractors and businesses on one project.

There are a bunch of other handy tools contractors and sole traders can use for expense tracking and forecasting too.

But back to TSheets. TSheets was recently acquired by Intuit, the parent company of QuickBooks. Both TSheets and QuickBooks shared 12,000 customers in common and the time management system had been developed to work specifically with QuickBooks. Deeper integration with QuickBooks can be expected now, following the acquisition.

The acquisition is part of the push into the cloud accounting ecosystem that’s being led by the major cloud accounting companies. (Read: EzyLearn’s explainer on the TSheets acquisition and the cloud accounting ecosystem.)

Inexpensive time tracking

expense apps for self employed peopleIf you were to think about the top three cloud accounting apps in terms of the types of businesses they appeal to, QuickBooks would appeal most to micro businesses and independent contractors. Check out an earlier blog post where we assess two main factors: User Experience & Ease of Use, and Reporting Tools in a comparison between MYOB and Quickbooks for small businesses.

The popularity of Quickbooks for contractors and the like is not just because it’s by far the cheaper system compared with Xero and MYOB. QuickBooks has also spent a lot of time simplifying the process of managing business accounts so that, while it may not be the most robust program, it’s by far the most accessible.

TSheets has been built the same way. It’s also one of the most inexpensive time tracking systems — at a minimum of $30 per month for two users, while it’s free for one user to use TSheets for unlimited projects.

Bookkeeping Academy to include TSheets

New content is being added to our Bookkeeping Academy “Academic Development Program” to include using TSheets with QuickBooks (or Xero and any other cloud accounting system it integrates with).  The Bookkeeping Academy is where you can purchase online training via short courses that you can use for Continuing Professional Development (CPD) or Continuing Professional Education (CPE) or to upskill or re-train in one particular area. You can earn CPD points with our cloud accounting packages.

Read more about why continuing education for bookkeepers is so important in this ever-changing industry.

online bookkeeping courses to earn cpd points