All eyes will be on the announcement from the Reserve Bank Governor today to see what is happening with interest rates. If you are like most people your cashflow would have been affected in the years since Covid because of the increasing interest rates.
There has never been a more important time to master your household budget and spending than now and good knowledge of Microsoft Excel will give you these skills.
A mortgage for your home is a huge debt, particularly for those living in the swelling capital cities with soaring house prices. The pro and cons of buying your own house and living in it are:
You don’t pay capital gains tax on a property you live in, but
You can’t claim the interest component of your loan
The big problem with this is the interest charge – you can’t claim the cost of it yet it’s a massive component of each and every payment you make on your mortgage.
You’d need your house price to go up at least at the interest rate you are paying to make it a good investment – and right now you’d be doing fine (perhaps except in Perth now).
Bigger payments reduce the interest paid
Our Microsoft Excel Training Course now includes an Excel spreadsheet file that will help you see just how much money you’d save if you paid even a small amount off extra each month!
You can use the mortgage comparison file to compare two mortgages, make extra payments or even shorten the term of the loan to see how much you’d need to pay each month if you want to pay your mortgage off quicker.
There are several reasons to open this spreadsheet and start seeing the resulting figures to workout the best way to allocate the money you earn.
Interest rates are at record highs,
house prices ‘may’ be peaking,
some people say that Australian banks are so highly leveraged to the residential property market that they’ll need to hold more capital reserves.
Either way you look at it, why not use your Microsoft Excel skills and play with some calculations to see how much better off you could be if you are financially prudent now.
You can also use this Microsoft Excel file to do a stress test and see how much your mortgage would be if interest rates do go up as many people expect they will.
50% OFF the normal price for Microsoft Office courses
There’s lots to do when businesses engage a new worker. As an employer, you’ll be busy going through the onboarding process and showing your new employee the ropes, but there are other important things to do when you add a new member to your team.
Keeping accurate records complete with the right information is essential for businesses to maintain, and that means updating and adding data when engaging a new worker. Here are some things to keep in mind as you go through this process:
This Xero course is the most popular with job seekers and business owners because it gives them the training they need to do almost anything using Xero. These are the course topics:
The Complete Xero Course takes most students 3-4 weeks to complete but you can learn it at your own pace and in your own time.
12 months or LIFETIME access – your choice
Enrol at our original enrolment website and you can learn everything about Bookkeeping using Xero with LIFETIME course access.
This includes all additional content we create and updates to training material. It also includes access to EzyLearn ANSWERS!
If you want the cheaper option you can enrol into the course here with 12 months course access and support.
Join us as a Tutor
If you have industry experience AND you complete our courses you can also become an EzyLearn Tutor.
As an EzyLearn TUTOR you become our partner and work part time, while also earning an income online as our affiliate – this is just one of our Career Academy membership options for students.
Enquire with us today and get the FREE Xero course sample – as well as Microsoft Office and Word training!
Frequently Asked Questions and Answers
If you have any other questions you’ll find answers to most of them at our FAQ’s.
Here are just some of the most common questions and links to their answers.
Have you noticed a change in how MYOB makes you login? They’re starting to do as they are told by the Australian Taxation Office (ATO), that’s why.
We’ve seen lots of login issues with Xero in the past when they focused on authentication for their users and now it’s MYOB announcing improvements in their security – this time for inactivity.
They say that Spring is the season to sell your home but is that the case this year?
Property buyers seem to be holding off leading up to Christmas in the expectation that the economy will be better in 2025. There is an expectation that interest rates will be coming down.
When I see this comment I wonder if it’s not just based on the fear some students have about learning by themselves.
They’re worried about what happens if they get stuck on something, what happens if they don’t understand the instructions and wanting to know that someone will be available to help them.
I started teaching students how to use computer software on a one to one basis and thought to myself,
“these people are all spending a lot of money to go through the same basic steps”.
The problem with a lot of courses is that they just dump you with information and then get you to answer some questions in an assessment or test – not EzyLearn, we guide you through learning journeys.
The purpose of a well designed course is to provide a series of steps for students to perform that gives them the knowledge and practical experience they need to learn.
We use a number of different tools and case studies and one of my favourites is the Jerry Lame “. He’s like many people that you’ll meet every day.
I’ve tried and tested hundreds of software programs over the last 25 years and I’ve noticed something very interesting in the last 12 months – they’ve gotten so complicated!
Email marketing is commonplace these days and you know it’s a money spinner when Intuit buy Mailchimp.
Email Marketing is complicated
The cost of email marketing software has gone up and up and up and all the software vendors are increasing their prices at the moment. I thought Xero was pushing it with their yearly price increase but Aweber is similar to Mailchimp and they recently increased one of their monthly packages from $10pm to $55pm – that’s OVER 500% increase.
I recall when we opened our first Sydney training centre how I took people through a needs analysis to determine what they knew and didn’t know. I could quickly see the difference between what people say and what they do.
We were doing most of the training for clients of Commonwealth Rehab Services when the Internet was in it’s infancy and lots of people were learning about how to send an email!
All I could think about what the financial formulas in our Excel Courses!
He is learning about Pythagorean theory and all I could think about is how to reduce my mortgage!
I’ve spoke to hundreds of people about real estate, land and building new homes in the last few months and the cost of living is such a major issue in most of our lives.
Unless you’re a tradie with a Commercial “PowerPass” account with Bunnings you probably wouldn’t know about their fantastic system of keeping track of all your tax invoices.
It’s actually quite easy to get a PowerPass account and it’s very similar to using Flybuys. You go and buy all the things you need – like I did to erect the garden shed in our Job tracking and Projects case study for the MYOB and Xero Courses – and scan your card when you pay. You get a discount and your tax invoice is recorded in the Bunnings PowerPass system.
You just log into the PowerPass admin area and EVERY SINGLE invoice is available to you there!
This was the start of what seems to be an ongoing increase in the monthly subscription price for Xero. Xero appears to come across like a money hungry landlord that has you hooked on their software and wants to see how much they can extract from you.
It’s a big job to change accounting programs and like many software publishers Xero need to increase their subscription rate or earn more money by selling addons that they own – or they can charge a per employee rate for payroll services!
If you are starting a new business or switching back to MYOB Business from Xero learn how to use MYOB Business online with us.
If you are looking for work you are best to learn both version of MYOB: AccountRight and MYOB Business. They are available in our MYOB & Xero Bookkeeping Course Bundles.
Most of these files come from the work that I have been involved with over several different businesses.
These Excel course practise files are all unlocked and open so you are also free to use them for your own personal use or business use. Some of the personal uses include calculating your mortgage repayments and figuring out how to reduce your mortgage faster.
There are also practise files to help with forecasting, managing a large contact database and visually showing what the numbers mean using useful charts.
Here is some other information you might not be aware of about our online Microsoft Excel courses:
MYOB has struggled for a long time against Xero but now seems to be in a sweet spot for price vs features.
MYOB is used by more than 1,000,000 users in Australia so it is a very good skill to have if you are looking for bookkeeping jobs or business admin jobs.
When we started delivering MYOB courses in a classroom in Dee Why in the late 1990’s I realised early that learning bookkeeping skills is best to do one step at a time. When I say 1 step I mean in training sessions that last no more than about 2-3 hours.
That’s why we created Micro courses in MYOB.
Visit the MYOB Training Course information page and see each of these different skill levels. You’ll see that it is based on the case studies I’ve written recently about like Flockana Cafe and Trim and Styles Hairdressing Salon.
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.
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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.
bookkeepercourse.com.au/produ…
