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Video: Reconcile your bank account to your MYOB datafile

We use this blog to provide some free samples of our training materials as well as inform readers about the features of our online MYOB and Microsoft Excel Training Courses. Today I am going to demonstrate the key features about performing a bank reconciliation using MYOB and how our EzyLearn ANSWER student support service helps bookkeeping students.

A bank reconciliation in MYOB is what brings your MYOB datafile back to reality. Your bank statement shows the truth about what money has gone into and out of your bank account and provides you with the blueprint you need to reconcile your MYOB accounting system. The video below demonstrates that once you have performed all your Day-to-Day Transactions a bank reconciliation makes sure that you have entered all the information you need to. At the end of a bank reconciliation your MYOB data is correct and you can start to run reports and get some great up-to-date information about your business.

MYOB releases new versions of their software most years and usually at the beginning of each new tax year to coincide with new PAYG tax tables and they are currently going through a race to the cloud to compete with many new startups like Xero, SAASU, Reach Accounting and FreshBooks. Some times these upgrades haven’t gone smoothly and students ask us how to perform actions in our training workbooks using MYOB. To help students in these scenarios we launch EzyLearn ANSWERS in May 2011 and this is one of the results we release via our blog. There are many other support blogs we’ve written so feel free to search our blog for answers.

If you have subscribed to our blog and are reading this via email, click on the heading to get to our website to see the free training video.

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

Learn how to make the most of MYOB bookkeeping softwareWe’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.

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Does your business innovate or compete?

Red Ocean Blue Ocean from Dr Sarah Laytons Blog
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?

Cert IV small business management coming soonDo 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..

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Did you get your electricity bill?

Electricity prices powerpoint, energy efficiency and Microsoft ExcelThere 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.

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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.

choice_group_buying_reviewAnd 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.

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Online is the way to go according to Woolworths

I was having a chat with a rehab consultant the other day and we discussed the benefits of online services like our online MYOB Training Courses and he reminded me about online shopping and having your weekly groceries delivered to your home.

We dug a little deeper and discovered that Woolworths announced a 118% increase in online sales for the December 2011 half year (July to June). When we went to the Woolworths Online Shopping site we saw all their branding for their Click and Collect service, but entered our postcode in the top right hand corner to discover that they would deliver to your door for $11 or less if you spent more than $100 with them. Do you think that is high?

I remember speaking to an Amway seller back around 1999 when the first online shopping “craze” began as part of the dotcom revolution where he mentioned that they sell all the products that are traditionally in the centre of the shop, the products that aren’t fresh and have long expiry dates. He pointed out that most people buy the same products every time they shop, that if you wrote up a list of things you need you could simply tick boxes and re-order all those products very quickly. Compare that to taking a trip to the supermarket!

A trip to the supermarket could involve the following steps and cost a lot more than $11 delivery:

  • Bringing children with you
  • Driving to the supermarket and looking for a parking space
  • Walking around the supermarket to get all the products you need
  • Waiting in a queue to pay and have your products bagged
  • Taking the shopping bags to your car to load up
  • Unloading the shopping from your car at home

It was at this stage that we realised also, why online computer training courses offer so many benefits over traditional courses held in training centres in Sydney or Melbourne. We recall that we needed to pay rent, wages, advertising and find good quality trainers. We had to schedule the courses 3-6 months in advance and try to guess the best date, day and time for students and THEN if we didn’t have at least 4 students attend a course we had to cancel it because it we wouldn’t cover our costs!

We realised we could give students more training (our current 5 MYOB training courses for example would take the equivalent of 4 full days of face to face training) if we delivered it online, and like a new student said to us just this week, the training is delivered consistently to every student. Every student learns exactly the same information the same way every time so it is great for franchise operators.

The best part is that we divert all our earnings into generating new and updated training content, and ensuring that our online training servers are operational and secure 24 hours a day, 7 days a week. This means we can also focus on our LIFETIME student access offer and ensure that students can get on with the bookkeeping and administration tasks they need to do rather than having to do MYOB courses again and again to get the parts they missed.

We believe 100% in online services and look forward to helping your learn MYOB and other programs like Microsoft Excel and WordPress (website builder and blogging platform) online.

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Google Apps is now Google Drive. Is it better than dropbox?

Google Drive and smart devices storage in the cloudAs users of Google Apps, the EzyLearn Team are always interested in learning about new technology and how it can be used to increase productivity, reduce cost and allow us to do great new things.

We recently received a message that Google Docs is now Google Drive. They’re tying it all into Cloud based storage and services and it looks like a great move, but will we use it instead of Dropbox?

We recently wrote about MYOB in the Clouds, we use a small business telephone service that is in the cloud, our training courses are in the cloud and our website are built using a cloud-based website builder (WordPress) so it’s natural that we try to keep abreast of what the big technology players like Google are up to.

Below is a simple video (if you are reading this blog post via email, click on the heading to see the video at our blog site) that shows what you can do with Google Drive and all your devices including smartphones that are connected to the Internet. How does it compare to Dropbox? I agree with Ed Bott from the prolific technology writers at ZDNet.

Feel free to share your experiences on our Facebook Page

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We help you in the “Do More Make Less” Australia

Australian employment share by activity - bookkeeping services using MYOBWe were spilling through the recent federal budget information (as you would) and found some interesting facts that we wanted to share. We were actually looking for the new tax tables to explain more about how they work for our recently updated MYOB Payroll Course, but thought the information was enlightening. It’s also another reason to learn how to use MYOB so you can perform bookkeeping tasks!

We found it relevant because our online MYOB and Excel training courses provide education and new skills for individuals to participate in the provision of services in Australia’s knowledge based economy. Is all that jargon too much? It just means that more and more workers are being paid for using their brains and skills to perform tasks (like bookkeeping) and less on making or growing stuff.

You might also be reassured by our relatively low and constant unemployment rate.

And, just in case you weren’t aware, our online MYOB training courses include

  1. Training Videos
  2. Training workbooks with exercises and
  3. Knowledge review to test your skills

PLUS they come with LIFETIME student access so you can have access to new content as it is created for no extra cost.

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Most budding bookkeepers want to start learning MYOB at 12.30pm!

Excel Online Training Course 308 - pivot table value field settingsHow do we know that most students want to start their MYOB training course at 12.30pm? We put all our course enrolment information into an Excel spreadsheet, inserted a pivot table and then filtered the data. Does that sound simple? Well it will be if you enrol into our online Microsoft Excel course.

The good news is that the video tutorial below will show you exactly what we did. If you are reading this blog as an email subscriber click on the heading to get to our blog site to watch the training video tutorial. If you want to receive these blogs posts via email, make sure you subscribe to our Employment and Productivity Training Blog.

The other good news is that when you enrol into our online Microsoft Excel Training Course you actually receive the data file that we used in this exercise so you can replicate it yourself! These figures are for enrolments into our MYOB course, Beginners, and Microsoft Office courses at our Dee Why training centre when we operated class-based training centres in Sydney.

Like all our online training courses, the Microsoft Excel training courses come with LIFETIME student access. The current course not only includes training videos, but nine training workbooks and over 40 exercise files that you can use to practice your Excel spreadsheeting skills.

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Certificates are coming shortly

Congratulate all the students who successfully completed their MYOB Bookkeeping courses this quarter, your certificates are now been issued via our support site.

If you are contemplating our online MYOB training course you’ll be very happy to know that the EzyLearn MYOB Course certificate includes the logo for the Institute of Certified Bookkeepers (ICB). We are proud to be an Accredited Training Provider of the ICB and also of their their continuing professional development (CPD) program for bookkeepers. You may also recall that you can join the ICB as an EzyLearn student for free.

Make sure you subscribe to this blog for the pending announcement of our CPD training program for bookkeepers.

In the mean time you might also want to stay tuned for the pending release of our upgraded MYOB Payroll course, Advanced Microsoft Excel courses and updates to our Microsoft Word online training course. We’ll be releasing some free training videos shortly to show you what we’ve done.

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We’re real people, really!

mums returning to work looking for online MYOB and Excel training course to upskill to find workThere are many questions that we get asked each day and one of them is “Can I start the course tonight?” I’m writing this blog to let you know that we are all people at EzyLearn and if you have an urgent need we’ll try to help you.

Rowena called and asked this question today because another company that was advertising an MYOB online training course was experiencing difficulties with the person that manages their online system, they couldn’t even get her enrolled and started!

The good news is that there are several EzyLearn team members that can get you started and using our online training system and we manage the whole process ourselves.

Why is this important? and why do I blog about it? Because we promote “Enrol today and start by 5pm tomorrow”. We actually perform enrolments EVERY DAY and we only make the “5pm next business day” promise as a safety net if we get excessively busy.

We also say that “our online training courses are the best online training offer in Australia” and what this means is that we offer EzyLearn ANSWERS and the Student Community and Tutor Support because we are constantly adding content to our MYOB, Excel and WordPress courses. If you are one of our students and there is a topic you are experiencing that is not covered in our course content, we will commission the relevant expert to create a training guide and make it available to you!

Oh, and have a great Easter long weekend. Remember you can enrol today and start after Easter if you want.

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MYOB Training Course and Support – bank reconciliation

MYOB Training Course - Undo Bank Reconciliations using MYOB version 2011In January 2012 we introduced the Student Community and Tutor Support service and we’re announcing some new training guides that have been placed in the Student Support area.

Bank Reconciliation can be a tricky task to master, and that is before you master the motivation to get started! We have a project in our MYOB Bank Reconciliation course where you have to create a new company file, import accounts and transactions and perform a bank reconciliation. It’s a lot like a real world scenario and it causes some grief for existing students so we added an extra guide to help.

Student Support for online MYOB, Excel and WordPress coursesWe’ve also receive requests in our EzyLearn ANSWER service from students who want help and instructions on how to email invoices using the latest version of MYOB (version 2011) so we have created a guide about how to do it.

Stay tuned for more Student Support Guides over the coming weeks. Enrol to start now and learn at your own pace. Take advantage of LIFETIME student course access and great student support features like EzyLearn ANSWERS and our Student Community and Tutor Support.

 

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New Training Material: Advanced Microsoft Excel 2010 videos

Excel Online Training Course 308 - pivot table value field settingsSometimes we use the EzyLearn blog to provide some free tips from new training material that we create, like manipulating Pivot Tables we mentioned earlier in the week. Today we are announcing that 14 new training videos are now available for our advanced Microsoft Excel course (number 308).

This is the list of videos that are now available:

Video for 3.1.1 – Using AutoFilter

Video for 4.1.1 part 1 – Cleaning up data using AutoFilter

Video for 4.1.1 part 2 – Cleaning up data using AutoFilter

Video for 5.1.1 – Perform an Advanced Filter

Video for 5.1.2 – Advanced Filter using Wildcards (search text within cells)

Video for 5.1.3 – Advanced Filter for multiple search criteria

Video for 5.1.3 – Narrowing search results using Advanced Filter

Video for 6.1.1 – Inserting a Pivot Table

Video for 6.1.2 – Filtering data in a Pivot table

Video for 6.1.3 – Sort dates by month in a pivot table

Video for 6.1.5 – Changing the value field settings in a pivot table

Video for 7 – Creating pivot table charts

Video for 8.1.1 – Get months values using the Choose function

Video for 8.1.2 – Show grades for student results data using CHOOSE function

 

Our new video references match the many exercise tasks you can complete to master the skills taught in the videos. Everything you watch in the videos you can re-produce using the exercise files that come with the course. The training workbooks contain step by step instructions so you can print them out and practice where-ever you are.

If you are an existing EzyLearn student with LIFETIME access you’ll have access to these new videos and all new content that we create. Stay tuned for more updates soon as we create new videos for the other advanced Excel topics covered in courses 308 and 309. Plus we’ll show you how to create your own macros.

If you like what you read and want to enrol to take advantage of lifetime student access as well as access to all levels of Microsoft Excel for just one price, use our enrolment form. Enrol into the Excel course today and start by 5pm tomorrow (next business day).

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Live Excel Pivot-Table Stats: self-paced learning versus class-based training

Excel Course 308 - pivot table value field settings for intermediate to advanced Excel training courseWant to see some live data from when we operated our Sydney-based training centre? We conducted courses for Absolute Beginners (we call it Computer Learners now), Microsoft Word and Excel, MYOB Accounting software for bookkeeping and others. We also offered different start times and different methods of delivery including self-paced (which has evolved into online) as well as class-based training courses.

The data in this free Microsoft Excel training video is taken from our student enrolment database the same year we created our first training videos. We created these videos to make them available to students who couldn’t fit into a schedule or wanted a more personalised training experience. Want to learn more about my fond journey in computer training? Feel free to also subscribe to my small business blog while you are at that site.

If you are reading this as an email, click on the heading to get to our blog site and enjoy the free training video about Pivot Tables using Microsoft Excel (the exercise file is provided in our Excel Training Course) and shows live data of enrolments for that year. We used a pivot table to find out:

  1. The popular courses,
  2. The popular training methods
  3. The popular start times for courses.

Can you see in the video which year the data is from? Back then we had experienced trainer like Maria Landrelli and Marie Diblasio to deliver our popular MYOB Day-to-Day courses to find work as a bookkeeper.

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New Macros in Excel Course to handle prepayments

Excel Macros in advanced Microsoft online Excel Training courseWe are please to announce that our most advanced Microsoft Excel course (course 309) now includes a training exercise on Macros!

You may recall we asked the question as to whether it is better to give a discount and accept prepayments or to charge your normal price and chase invoices and statements? Well, we got our Microsoft Excel expert to create a simple table that enables us to keep track of prepayments as well as incremental reductions from this prepayment.

This file is a great tool to keep track of how much credit a customer has if you decide to invoice them in advance. There is a way of accepting prepayments in MYOB and our MYOB expert and resident BAS Agent is currently putting a guide together on how to handle prepayments using MYOB. Using Excel  can be a handy replacement for using MYOB in this one aspect of your business.

Best of all, Karen created a short guide that we have added to the 309 course training manual which explains how to replicate what she created. Both the Workbook and the demonstration file that Karen created are now at the learning site.

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Want to operate your own online training business?

Online training course and support business for saleEvery business owner makes decisions about how they want to grow the business and the different “channels to market” are discussed in strategic management textbooks regularly. In 2010 EzyLearn made an executive decision to build a Partner program so that other companies can benefit by working with us and our training courses and content.

We explored many options including affiliate marketing and in 2012 our line up of available partner plans has evolved completely. You can start with

  • some code which can go onto a page on your website and receive a commission for each sale,
  • you can have a new website commissioned with all the information about our online courses and an enrolment form where you receive the payments, or
  • you can plug right into the EzyLearn enrolment process and receive payments from the general public.

If you are interested to learn more complete our online training business opportunities application form and begin your journey.