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Will MYOB in the cloud take Bookkeepers jobs offshore?

accountants and MYOB bookkeeper jobs going offshoreI’ve written a lot about MYOB in the cloud recently as training companies like us, accountants and MYOB software users grapple with their changing software and upgrading issues and a recent article I read brought up an interesting topic. Whether Cloud based accounting software will takes jobs offshore?

MYOB in the Cloud and IT support

The article I read was more about IT jobs and IT departments and whether cloud computing was making It Departments redundant. When you think about the various jobs within the accounts department the same question can be asked. I wrote a blog post about the looming threat to Australian jobs by overseas workers earlier in 2012 and scarily, it was reinforced by an article in yesterdays Sydney Morning Herald about 1 million jobs going offshore in the next 30 years.

If you check out the article you’ll notice that not only bookkeeping jobs, but accounting in general is one of the largest sectors under threat from offshoring! The picture above shows some other sectors under threat.

MYOB in the cloud vs data files on your PC

MYOB in the Cloud will enable the bookkeeper, data entry operator and accountant to access accounting records at the same time and from different locations and this is one of the best selling features of MYOB in the cloud compared to a data file on your computer. The issue for Australian workers is that anyone in the world can now perform this work if they have the skills to use the software and knowledge of basic Australian accounting.

Keep upskilling

One of the best ways to ensure your worth and value as a MYOB user is to keep yourself up-to-date. Continuing Education is important if you want to be a BAS agent, but it is also a very good way to become the MYOB and Bookkeeping resource for your own customers.

When you enrol into our MYOB training courses, you’ll automatically receive 12 months membership to the Bookkeeping Academy as well as free student membership of the Institute of Certified Bookkeepers.

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EzyLearn students receive MYOB courses for free

MYOB AccountRight Plus 2012 online training coursesHave you pondered the benefits of a lifetime student access to our MYOB courses? Here is the best answer we can think of – our newest MYOB course is the MYOB Setup course for version 2012, and all students will have access to this course for no extra charge*.

I wrote recently about the significant changes that are occurring with MYOB accounting software as they take their journey from desktop to cloud and in-between. I’ll explain more about the in-between part in another blog post. These modifications have caused a change in how to use MYOB software so we’ve undergone a re-write of all of our courses. The MYOB Setup Course is now in beta stage and we are looking for existing students who want to give it a bit of a run through. Do you want to have a sneak peak at it?

Beta stage simply means it’s ready, but we want to see if our existing students like it. Do you want to become a VIP training member? It’s free, so submit your details in our Bookkeepers Register and select the VIP option.

I just want to use this opportunity to let you know another reason for choosing EzyLearn for your MYOB training: We create our own training materials and the people who create the courses also provide support to students. This means that we are amongst the first company to create training material for the latest versions of MYOB.

* If you have enrolled into a lifetime MYOB course access option.

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MYOB bookkeeper training VIP member

MYOB Bookkeeper VIP

EzyLearn MYOB Bookkeeper Gold VIP member logo - smallA great way to participate in a continuing education program for bookkeeping is to apply for our MYOB Bookkeeper VIP membership. It’s free! Membership is not guaranteed however and you have to participate in our MYOB bookkeeping Training Courses incubator. If that sounds like you, read on…

Why a MYOB Bookkeeper VIP membership?

If you are a regular EzyLearn blog reader, you’ll be aware of the sadness we experience by not being able to have a coffee and Tim Tam with you. We are inching closer to finding a solution to that though and I think we’ve found it! The MYOB Bookkeepers VIP membership. You could call it a club for people willing to participate in our training material creation process.

What’s in it for me?

  • You get to road test our new training material and participate in the creation process (well OK, that’s also a benefit for us)
  • You get to elevate your status in the learning community
  • We’ll include your details in our forthcoming bookkeeper register
  • We’ll explore ways to help you perform online marketing to build your own business
  • You’ll get access to other training resources to widen your skill base
  • You’ll get to know similar minded people and build a great network
  • You’ll be able to explore new bookkeeping technologies with us and keep your skills up-to-date

Continuing Professional Development for Bookkeepers

Continuing Professional Development is going to become more and more relevant and important for MYOB Bookkeepers across Australia as the industry becomes more regulated and you will be at the coalface of our training development.

We have some exciting news to release in the coming months about new partners who will be working with us to provide our students with small business management skills including the ability to write a comprehensive business plan including financials. As a MYOB Bookkeeper VIP member you will have privileged access to this new material.

The MYOB Bookkeeping Training Courses is your first step to gain access to the club but even if you are an experienced bookkeeper or accountant you are welcome to submit your details into our Bookkeeper Register.

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MYOB AccountRight version 2012 is different

Reasons to decide if upgrading MYOB Accountright version 2012We create new training content for our online MYOB training courses each quarter and we’ve just been going through a flurry of recordings and re-writes for our MYOB Setup course because we know that MYOB AccountRight version 12 is different.

MYOB AccountRight version 2012 is part of the cloud strategy

Did you know that MYOB is going through a lot of changes as they position themselves as a cloud based accounting software provider? A recent article in The Australian goes onto explain that MYOB’s cloud-based strategy is designed to get people away from using Microsoft Excel (for which we have training courses with lifetime access) and onto their cloud based systems. It also explains that one benefit to the company is the ongoing monthly revenue stream as opposed to many of their customers who only upgrade their software when they really need to.

MYOB is created on a Microsoft programming platform

The other major reason for the changes in MYOB AccountRight version 2012 is that it, and all their other products, have been re-written from the ground up using a whole new programming language in Dot Net (Microsoft .NET framework). We wrote a controversial blog post about how accounts are recommending some of their customers not to upgrade their MYOB software and some information on their website reveals that MYOB themselves are not recommending the upgrade under certain circumstances, in particular:

[quote] If you use M-Powered services, or other third party add-ons, we recommend waiting until we’ve finished developing these features before upgrading. [/quote]

Benefits of MYOB Training Course lifetime access

Either way, we are upgrading our training materials and keeping our old training material available for those students who want access to both versions. We promote lifetime access for our MYOB training courses and all students on this enrolment plan will have access to the new MYOB AccountRight version 2012 courses for free.

Stay tuned as we keep you up-to-date on our progress. The 45 new videos for our MYOB AccountRight version 2012 course have now been recorded and are uploading to our training video server as we speak. When they are live at the training site we’ll issue another blog post.

You can find out more about the upgrades that MYOB AccountRight version 2012 software is going through by visiting this link at the MYOB website.

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Start a bookkeeping business for very little money

start an MYOB bookkeeping businessI recently wrote about our MYOB Training students and how many of them want to start a bookkeeping business so I thought we would go through some of the costs involved. Remember that these are the startup costs and you may incur more marketing costs as your business grows.

Basic Bookkeeping Skills

If you have some basic Microsoft Excel skills, are good with numbers and using a computer and understand basic concepts like income and expenses you can get work performing data entry into a bookkeeping program.

Using word of mouth with friends and family you could also pick up some work for people you know. In this scenario you could start a bookkeeping business cheaply and quickly but we are really only talking about data entry jobs.

MYOB Bookkeeping Skills

If you complete a MYOB Bookkeeping Training Course you will have more advanced skills and understand how MYOB manages GST and other tax liabilities for Payroll, this will make you more valuable. It also helps to have a copy of the software which we provide in our MYOB courses.

Start a Bookkeeping Business

If you are going to get serious about starting a bookkeeping business you’ll need to be a BAS agent and that means you need to be registered with the Tax Practitioners Board. These are the costs involved:

  1. Do an MYOB training course – approximately $400
  2. Software company partner program license; $1400 a year.
  3. Modern computer with backup $2000 every 3-4 years
  4. Internet access; $50 per month.
  5. Website and hosting; $1000, then $25 per month
  6. Mobile phone; $50 per month.
  7. Qualifications of Certificate IV in Bookkeeping from $1000 to $3,500
  8. Register with the Tax Practitioners Board for $100
  9. Professional Indemnity Insurance with policies starting at $400
  10. 15 hours of continuing education every year, costing about of $1,200.

How much can you expect to earn

Employed bookkeepers at the most basic level earn a minimum of $15 an hour, with most employed bookkeepers earning between $20 and $30 an hour. When you start a bookkeeping business and perform bank reconciliations and/or produce reports, you can expect to earn up to $45 an hour, while BAS Agents and consultant bookkeepers can earn $55 to 150 an hour or more. Learn more about hourly rates for bookkeepers operating their own business..

National Bookkeeping Business Plan Template
Get a bookkeeping business plan created by a registered BAS agent and get started fast

Start a bookkeeping business without joining a franchise

Franchising is a good way to start a business and get up to speed quickly, but is it worth the cost? You end up paying a percentage of your earnings and need to sell to someone else in that system. A licencee model enables you to pay a fixed annual fee for as long as you want to be part of the system and doesn’t require the buyer of your bookkeeping to be a member if they don’t want to.

You get many of the benefits as well, such as a bookkeeping business plan template created by a registered BAS agent.

 

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Law makes CPD for bookkeepers relevant

CPD for Bookkeepers

I WAS RESEARCHING ABOUT SAFE HARBOURS for a recent blog post and noticed a reference to an ATO Practice Statement. I then realised another reason why Continuing Professional Development (CPD for Bookkeepers) is so important.

Safe Harbours only became relevant to bookkeepers since changes in the law made it mandatory for anyone lodging a BAS to be a registered BAS agent. These changes then resulted in registered Bookkeepers needing Professional Indemnity Insurance and qualifications that demonstrated a thorough understanding of the Goods and Services Tax (GST).

Safe Harbours ATO PS LA 2006_2 CPD for bookkeepers
Safe Harbours ATO PS LA 2006/2

CPD for Bookkeepers and Tax Law

When I explored this practice statement I realised that it was outdated. The ATO Practice Statement was outdated because of the outcome of a court/tribunal case (see below).

Safe Harbours ATO PS LA 2012_5 CPD for bookkeepers
ATO PS LA 2012/5

I don’t know about you, but if I have some spare time and I’m in the mood for researching, I find it fascinating to discover how the law works, how and why decisions are made and how it affects people in that industry. CPD for Bookkeepers gives you the benefit of keeping up-to-date with your bookkeeping skills.

If you are enrolled in our MYOB Training Courses you get free membership to the Bookkeeping Academy (CPD for Bookkeepers) where I will introduce you to bookkeeping industry professionals who will help you understand more about the industry, the laws that govern the industry and tools you can use.

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Safe harbour for misleading statement penalties

Use a registered agent in a safe harbour

Safe Harbour for registered agentsIf you or your BAS agent take care in making a tax return or statement you will not incur a penalty if you have understated your tax liability or overstated your entitlements. This is part of the safe harbour definition by the Australian Tax Office and it highlights a significant change in the legal framework for completing  BAS returns.

The safe harbour only applies to statements made on or after 1st March 2010 and  it  affects who is responsible for tax information lodged with the ATO.

It’s a question of who is responsible for tax information lodged with the ATO, you or your bookkeeper/BAS agent?

Below is a quote from the ATO’s website that puts it in their words:

[quote]For statements made by a tax agent up to and including 28 February 2010, you are liable for any administrative penalty for the making of the false or misleading statement. It is not relevant if you made the mistake, your registered agent or a mix of both.[/quote]

Read more about safe harbours at the ATO website and see a simple example case study.

Safe Harbours around the world

Wikipedia has a definition of a Safe Harbour as it applies in a legal concept.

[quote]Legislators may include safe-harbor provisions to protect legitimate or excusable violations, or to incentivize the adoption of desirable practices.[/quote]

Does it apply to you?

Safe Harbours apply to you if:

  1. You want to be a bookkeeper and lodge BAS’s for your customers and/or
  2. You are a business that uses a bookkeeper.

Legislation came into place on 1st July 2011 whereby BAS agents must have professional indemnity (PI) insurance to protect their clients in case of negligence.

If you are contemplating our MYOB Training Courses to start a career as an MYOB bookkeeper speak to us about the qualifications required to gain admission to the Tax Practitioners Board.

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Video: Receipts in a Shoebox?

Receipts in a shoebox

Receipts in a shoebox? Shoeboxed Australian websiteI WAS LOOKING in my top draw and noticed some receipts, bundled by the month, with a bull clip holding them together. Do you know someone who also stores their receipts in a shoebox?

I have, of course, now entered them into our MYOB accounting software. However, it begs the question: How many business people do you know who still store their receipts and other paperwork with way?

The legal requirement to file receipts

Continue reading Video: Receipts in a Shoebox?

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Want to take a peek at XERO, part owned by MYOB founder?

xero online accounting for remote bookkeepers dashboardI recently wrote about my discoveries of the preferred accounting software for local startup businesses in Sydney and wanted to share something that our resident BAS agent, certified bookkeeper and MYOB trainer has created for you. A training video about how to enter a payment for an invoice you create using Xero online accounting software.

If you are looking at starting your own bookkeeping business it is useful to learn more than just MYOB accounting software to widen your potential client base. It is also good to learn about an online accounting program that is growing very fast in user adoption, such as Xero. Why is Xero growing so fast? There are several reasons, but one simple reason is that you can access your accounting file from anywhere.

As you can see in the free Xero training video at the bottom of this blog, using online accounting software is just like using many other online services, you login and click, type, tab etc. One of the other great features that we have discovered from speaking with accountants and some IT professionals is that your accountant or your bookkeeper can use your accounting system at the same time as you do, without having to worry about sending a data file and wondering who has the most recent version of that data file.

One of the new great features of doing your MYOB training courses with EzyLearn is that you have 12 months free access to the Bookkeeping Academy, through which we will be releasing hundreds of bookkeeping training videos to help budding bookkeepers learn a wider range of software as well as develop new skills to help them find work or build their own business.

Feel free to let us know if you are a XERO user and share your experiences at our facebook page.

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What is a start up? Is your business in this category?

18% of MYOB course students want to start bookkeeping business
18% of MYOB course students want to start their own bookkeeping business

We use this blog to explore what is happening in the world of small business, including the technology they use and what they plan to use in the future. I’ve recently been speaking with a start up entrepreneur who has built a website that helps people like you and I find a place to park our car in our congested cities, by linking car space owners with car owners.

In the time we’ve known each other Daniel started with an idea and a passion to build his website and now has a live website for the world to use. Now that’s a start up business isn’t it? But what about your business?

A survey of students who have recently graduated from our Bookkeeping Academy after completing their MYOB training courses revealed that 18% of them want to start their own bookkeeping business. Is that a startup business? It is in my mind. It’s about having an idea and determination and the drive to start a brand new business and we are committed to helping startup bookkeepers build and grow their business.

The career and business building professionals at our Training Partners, Workface, write a blog about things that you can do to get that dream job or build that bookkeeping business you have thought about for years.

We are also in the production phase of some more great training videos about bookkeeping software that will come out shortly as part of our bookkeeping academy CPD program.

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Are Aussie accounting software firms now competing in a global space? Threats to MYOB?

Kashoo Online Bookkeeping Software comparison to MYOB, XEROI was speaking with a business owner this morning and he mentioned that he was going to try a new accounting software SERVICE after a recommendation from his web guy? It made me ask the question: “Is your web or IT guy the source of recommendation about your bookkeeping software or is it your bookkeeper or accountant?”

In my previous blog post where we included a free training video about performing a bank reconciliation using MYOB, I mentioned some other bookkeeping software programs that compete with MYOB but the program that my business owner friend talked about was from a Canadian company called Kashoo…It then dawned on me that of all the bookkeeping programs only one of them is Australian owned anyway, SAASU. MYOB is now owned by US Private Equity, Xero is a New Zealand public company, Freshbooks is US based and Kashoo is a Canadian company.

This adds to the impetus behind local Australian bookkeepers having to compete with international remote workers for bookkeeping work… but more about that another time.

The good news right now is the MYOB is a clear market leader for use in most small businesses and if you are looking to earn a living as an accounting employee or independent contractor the chances are you will need to know how to use MYOB Accounting software. We try to make it easier by providing LIFETIME student access and all five MYOB Training Courses for one low price!

We will be reviewing the online accounting software mentioned in this blog post so make sure you subscribe to receive the reviews as they arrive.

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Launch: Career Support Services for MYOB Certificate Students

Today we announce the official launch of our Student Career Support services. We have a new team member on board and her role is to help us provide extra support to help students find, apply for and get their next bookkeeping job.

When you enrol into our MYOB Bookkeeping Training Courses with the lifetime membership and certificate option you will now receive access to our Career Support Services for free. We’ll help you find bookkeeping jobs, prepare your resume and cover letters as well as follow-up letters and letters of recommendation for students who join our Bookkeeping Academy CPD program.

Not only will you learn new skills using Australia’s leading accounting software program, lifetime access to use the training material as your own personal resource and a Certificate, but we’ll help you refine your job seeking skills and tools to help you get your next bookkeeping job.

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Do an MYOB Training course and get webinars for free

Webinar for MYOB bookkeeping training courses and student support onlineAs part of the research into our Continuing Professional Development (CPD) program for MYOB training course students we are exploring different webinar platforms and we thought you’d be interested to learn about it. For existing EzyLearn students it will mean free MYOB Bookkeeping webinars in the coming months.

We’re proud of our online MYOB training courses and thousands of students are too, but we’ve found that students are interested in lots of other skills relating to earning money for themselves as either an employee or a contractor. Things like using Word to write a resume, using WordPress to manage their own website, how to use online CRM (Customer Relationship Management) programs to keep track of all their contacts etc. We mentioned in a early blog post about our plans to provide more training resources for working mums and we’re getting closer to our final goal.

The purpose of a webinar is to deliver educational content similar to what you would experience with a seminar except that you save on time, travel, money, petrol and you can even watch the presentation at a later date. Our team has been in contact with accountants, career professionals, online service providers and a host of other industry professionals who will be providing information, training and tips and tricks at our webinars and I hope you can join us in this journey.

If you are an existing student and have some idea or suggestions of topics that you would like us to cover, this is your chance. Send your suggestions to sales@ezylearn.com.au and we’ll discover the most popular and work on a schedule for the rest of the year. If you are not a student yet, this is the time to enrol. Stay tuned for more updates shortly.

 

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Where to go to help your bookkeeping clients?

Bookkeeping_Academy_CPD_program_for_MYOB_Training_CoursesAs part of our CPD program for bookkeepers we are discovering, compiling and happily sharing the results of our research. In this blog post we reveal a valuable link of essential tools for bookkeepers.

As a bookkeeper you help you clients with ABN information, Business Activity Statements, Payroll and PAYG Informtion and a host of other activities. It is also common for you to be more accessable than a business’s own accountant so you are often asked for official information relating to communications with the Australian Tax Office.

This link is an essential tool for bookkeepers because it contains a table of links and instructions about topics you may be asked about as a bookkeeper.

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Could Linkedin replace the written resume?

Linkedin hands searching for potential bookkeeping employeesI’ve written a series of blog posts about various aspects of resume writing and other tips you can use to help secure the next great job and it’s fitting that we explore why Linkedin is a serious place for you to promote your MYOB Bookkeeping skills.

I was fortunate enough to attend a social media club (Sydney) education event that was presented by the managing director of Linkedin and he went to great lengths to explain just how deep the company wants to go into the recruitment and talent market. Upon visiting various parts of the LinkedIn website I found some links that might further encourage you to recognise the importance of Linkedin in your employment or business building journey.

Linkedin has a page for talent departments and case studies for companies that have used their services and employers can even place recruitment ads within the site to clearly target the right job applicants.

We found a great article written by Susan Heathfield about how Linkedin is being used as a recruitment tool for the HR team at many businesses. Do you need help in your job searching strategy? Stay tuned.


We will shortly be announcing a fantastic special offer regarding Linkedin and resume writing for all students who take advantage of our forthcoming Bookkeepers’ Continuing Professional Development (CPD) Program. This program is a new service as part of our MYOB training courses. Make sure you subscribe to receive this information in your email inbox.

 

 

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

business asset depreciation for 2013 financial year with ATO and MYOB bookkeeping coursesThere 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?

The ATO is allowing businesses to write-off more assets than before without having to depreciate them.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