HNRY aims to take care of everything by taking a percentage of your total revenue. This is GREAT for micro businesses but not good AT ALL as you scale and get larger.
While Xero and HNRY both cater to the financial needs of small businesses, they differ significantly in their approach and offerings.
Xero’s recent acquisition of Melio, a U.S.-based payments platform, brings it a step closer to being a one stop shop like HNRY and taking a percentage of your total transactions.
Melio primarily competes with other accounts payable and payment automation platforms, including BILL (Bill.com), Tipalti, Stampli, and Coupa.
These companies all help businesses with the approval process for paying suppliers or Accounts Payable.
It also faces competition from broader financial software companies like Ramp, Sage Intacct, and NetSuite. These organisations are in the accounting software space for mid-sized businesses?
In today’s digital landscape, proficiency in cloud-based accounting software like Xero is essential for professionals in bookkeeping, accounting, and small business management.
EzyLearn’s comprehensive Xero training courses are designed to not only teach the software but to ensure that learners retain and confidently apply their knowledge in real-world scenarios.
It’s interesting how negative the sentiment is on Linkedin and Facebook when you start seeing annual price increases for Xero.
MYOB has been smashed in it’s social media marketing campaign for their MYOB Solo software but Xero’s CEO was smashed on Linkedin for the continuing increases in price of Xero.
You can push the innovation angle for so long but it seems like Xero are trying to test how much their clients can really afford.
There is a link in their price increase email to their innovations page and I wonder if they did the price increase just to get more traffic to that part of their website!?
The question is:
Is that innovation worth the cost to your business and do you use those features, and
What are your alternatives.
Do you need all this extra functionality that Xero is promoting?
These increase in subscriptions seem a lot like the recent Black Mirror episode “Common People” where users have no real choice but to keep paying more and more for the software because it is hard to find an alternative.
If you are into dark comedy or want to see how bad things can get from a technology perspective this episode has a very interesting take about subscriptions and premium services – wait until you when the subscriber starts talking about sponsored products!
Xero justifies it’s price increase using Innovation
Xero did a great job with an earlier price increase by telling their users about the massive gain they received with the inclusion of Hubdoc in their Xero feature list.
It was portrayed as a massive saving compared to the monthly fee and it worked very well at a time when other software companies were simply increasing their subscriptions with bland corporate notification emails.
They’re pushing the innovation angle again but users are pushing back.
Learn Online with Xero Courses
Like it or not, Xero is still the leading online accounting software in New Zealand, Australia and the UK and it’s popularity continues to rise.
If you’re looking for accounts or bookkeeping jobs you need to know how to use Xero.
If you’re running your own business or a business manager you need to know how to use Xero
Learn everything about Xero in the Complete Xero Course. It includes 7 skill levels from beginners to advanced bookkeeping using Xero and it’s available from $20pw.
Learning how to use Xero for specific tasks is easy. There are dozens of videos that you can watch for free on YouTube and they are good for “JIT Learning” – Just In Time Learning. If you want to get a thorough and detailed training about how to perform bookkeeping using Xero you need to learn how to perform all the bookkeeping tasks.
Most people like to watch training videos about how to use Xero or Excel and then try to replicated it.
But once you’ve watched 3-4 videos you get the feeling that you should be using the software. You’ll also start to realise the benefit of a course that contains all the sample data and exercises to help you learn bookkeeping.
In today’s fast-paced business environment, staying stagnant is a recipe for falling behind. This is especially true with accounting software, where innovation and updates are constantly reshaping how businesses manage their finances.
At EzyLearn, we’re committed to providing our business administration students with the most current and relevant training possible, particularly when it comes to mastering Xero.
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!
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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…
