Credit Management Archives - EzyLearn Pty Ltd

Posted on August 10, 2023August 10, 2023 by Steve Slisar

What is a branding theme in Xero and why would you use it?

Automate your accounts receivable with uCollect and Xero - online MYOB & Xero training courses by EzyLearn

Branding themes are just a fancy word for templates and you can create as many as you need in Xero. The biggest reasons to use different branding themes is if you use different payment methods or you have different brands within the business.

A major benefit when using branding themes is you can allocate a different theme for selected customers. For example if you have a set of customers that allow you to deduct payment for their invoices using a service uCollect you can allocate a branding theme in Xero that doesn’t give them the option to pay that invoice but instead shows a message for them NOT to pay and that the payment will be made automatically.

Posted on May 17, 2023May 17, 2023 by Steve Slisar

Tips for Cash Flow Forecasting using Xero

Float-Xero-Cash-flow-reporting-forecasting-and-budgets-vs-actuals-training-courses-EzyLearn-Career-Academy-Online-Business-Courses

We’re approaching the end of the financial year and everyone will be reading and trying to understand their annual financial reports, particularly if they have outstanding Superannuation to pay (and claim) or they need funding.

I’ve written in the past about how to create a cashflow forecast using Xero and Excel and this post is a summary of good practices and recommendations when it comes to cashflow reporting

Posted on April 3, 2023April 4, 2023 by Steve Slisar

The first moment Credit Risk happens

Credit risk is the probability of not getting paid, simple. Some business owners think that just having some special clauses in their terms of trade is all they need to do but there’s more involved.

When you offer anyone credit you are entering into a whole separate debt agreement. It’s no longer just providing goods and services and the warranties which come with that. When you offer credit (to anyone, even friends) there is an expectation that the borrower will repay the loan in good faith – in other words as quickly as possible. But many things can get in the way and the credit component of the transaction can get awkward.

Posted on March 30, 2023October 24, 2023 by Steve Slisar — 1 Comment

What does voluntary administration look like?

Mentor Education ASIC notification of Voluntary Administration and Creditors Meeting - will students be notified

I wrote earlier this week about Mentor Educations fate under the hands of an administrator and it all comes down to Credit Management. The “business for sale ad” touts that they earned $5M in revenue but they appear to have a cashflow management issue. Should someone have completed EzyLearn’s Credit Management Course?

This is quite a serious matter for existing students and it is a good case study example about important steps that every business needs to take if they are giving credit. It appears that one or more of Mentor Education’s creditors did have good credit management procedures in place..

Posted on March 14, 2023March 14, 2023 by Steve Slisar

Xero Sacks 800 Staff, Highlights Hiring International Workers & Improves Button

Average-wage-for-staff-accountant-in-India-is-equivalent-to-under-6000-AUD-per-year-Challenges-for-Australian-Bookkeepers-using-Xero-Software-EzyLearn

It certainly is an interesting time we’re going through financially. Most of us (around the world) are hurting because of higher costs and as a result the RBA increases interest rates so we focus on paying down our debts rather than consuming more things. Some people I’ve been speaking with are predicting even worse times ahead and the recent sacking of staff from Xero and Atlassian show the global trend is affecting Australia.

After hearing about the recent sackings at Xero it was interesting to see what else was going on at Xero. The two things that stood out the most to me was an improved Approval button for invoicing (and that there are now two versions of invoicing) and how Dinesh Aggarwal from Fortuna Advisory is finding it harder to hire local staff so he’s outsourcing.

Posted on August 22, 2022August 22, 2022 by Steve Slisar

Pick and Choose from Ideal Bookkeeping & Office Admin Jobs Everyday via Email

early-bird-bookkeeping-job-hunt-job-site-alerts-Indeed-Seek-Office-Admin-Bookkeeping-Accounts-Jobs-Online Training Courses in Xero, MYOB & Microsoft Excel

There are dozens of new office admin & bookkeeping job ads EVERY day, even for remote workers! Find out how to get them via email

When you’re serious about finding a good office administration or bookkeeping job it pays to have alerts set up on the most popular job search sites. Job alerts save you a lot of time by not having to manually search the same criteria each day, and ensure that you automatically receive email notifications as soon as new jobs become available.

Job alerts also allow you to find out what employers are looking for right now and which tasks they need their job seekers to perform.

With this information you can refine your searches even further to find the jobs most suited to your skills and experience, and then use the criteria to match skills in your resumé and job applications.

Posted on April 27, 2022April 27, 2022 by Xero Training — 1 Comment

Here’s What Businesses Need to Know About eInvoicing in Xero

Invoices can be a hassle for both businesses and their clients. There’s nothing fun about chasing up that client about their late payment, nor is it an efficient use of time to trawl through emails and inboxes trying to find that invoice from however long ago.

The Commonwealth Government is pushing ahead with an alternative, that looks like it will make things a bit easier for everyone.

eInvoicing is on the rise! And since software like Xero has jumped in on the change, it’s important for small businesses to know what eInvoicing is all about:

Posted on March 22, 2022March 22, 2022 by Xero Training

CommBank and Xero Integration to Help Small Businesses Get Paid Faster

It’s not a secret that in order to stay afloat businesses need to be making money. Access to funds is essential for businesses to not only pay off debts, but also to finance everyday operations and pay their staff and suppliers.

It can become problematic, however, when a business’ cash flow is tied up in unpaid invoices. If a business sells on credit – as many do – they might be in the unfortunate position of waiting to get paid by their customer and struggling to make ends meet in the meantime.

There are a few solutions: one is to use credit management apps like ChaserHQ or Debtor Daddy to help automate the process. Things like chasing up unpaid invoices and escalating debts can be made easier by using these apps that integrate with your accounting software.

The other is to get a loan. Commonwealth Bank’s (CBA) Stream Working Capital is a digital solution for businesses to access the money tied up in their invoices. Here’s what you need to know about it:

Posted on March 7, 2022March 7, 2022 by Xero Training

Pandemic Digitalised Small Businesses more than NBN, Xero Report Reveals Numbers?

The pandemic has seen huge changes to the way businesses run, with Zoom meetings and remote working becoming the new normal and working parents are loving it (if they have the space for it).

The common factor here, of course, is the move to digital solutions for businesses. Whilst ICT expenditure has always formed part of a business’ expenses, the pandemic has contributed to an increase in this area of spending.

Businesses are becoming increasingly digital, and it’s actually improving their performance. One of the areas I’ve noticed is the use of website chat has increased and customer service work can be performed by anyone running a micro business from their own home.

Posted on January 19, 2022January 19, 2022 by Xero Training

Will This Xero Integration Replace Your Accounting Job or Just Lessen the Load?

With so many integrations, Xero has become a leading software for small business accounting. From ecommerce add-ons to payroll and workforce management software, there is a Xero integration for most aspects of business management and administration. It’s little wonder that Xero Courses are becoming so popular.

And credit management is no exception. Chaser HQ is a credit management app that promotes its ability to automate the whole process: from credit checks to chasing up invoices. It’s a UK-based company, but its integration with Xero could see it being used more and more by accounting staff globally, including Australia.

Daily Transactions like creating quotes and invoices is the bulk of most junior level bookkeeping and accounts jobs and running Accounts Payable and Accounts Receivable Reports then provide work following up with customers so what could this automated process mean for accounting staff that have been doing these tasks manually?

Posted on February 17, 2021March 22, 2021 by Steve Slisar — 1 Comment

How my 7 year old son learnt about credit risk and how that can help tradies

QuickBooks Online Training Courses - Acquired CreditKarma to help clients check on credit scores and get loans

My 7 year old son lent me $5 (which I then lent to his 12 year old brother) and then he lent his brother a further $10 directly so the older brother could buy something he really wanted at the time. Is it getting complicated already!?

This lending happened over a month ago and a conflict is brewing over the $10 he lent to the 12 year old because it was underwritten by his pocket money which had not been paid at the time.

So simple isn’t it. All this credit offered and accepted and it seems less relevant because it relates to my kids but these lessons last a lifetime so it’s important to explain credit risk and recourse. Continue reading How my 7 year old son learnt about credit risk and how that can help tradies

Posted on March 10, 2020March 22, 2021 by Steve Slisar

ALERT: QuickBooks Online Training Courses Updated

Updates & new online training course content for QuickBooks Online vs Xero training - EzyLeran

Xero, QuickBooks and MYOB are updating their software with new features every month! That’s what you get with cloud-based software that is continuously updated and improved.

We’ve recently updated our Xero Accounting software courses and have just published an updated to our QuickBooks Online Daily Transactions & End of Month training Courses. Continue reading ALERT: QuickBooks Online Training Courses Updated

Posted on September 30, 2019March 22, 2021 by Steve Slisar

Terms of Trade and Credit Risk Controllers

Air Conditioning installers and suppliers in Central Coast, Ourimbah, Gosford, Wyong, Long Jetty, Erina

All of a sudden I’m hearing about terms of trade from everyone! Maybe it’s because things are tight and customers need credit? Or maybe it’s because we have started offering course funding at $20 per week!!

We are busy updating our Credit Controllers Course right now. Check out some of the topics included that will get you up to speed.

Posted on September 23, 2019 by Steve Slisar

Announcement: MYOB, Xero and QuickBooks Training Manuals now available for sale

Get hired for data entry and accounts payablereceivable jobs with MYOB, Xero & QuickBooks skills

Finally, after 23 years we’re making our training manuals available for sale! Not the ones we created 23 years ago but our latest versions of course.

Training manuals are an important learning tool for our courses because they contain the step-by-step exercises that the course is based around. Our first release of training manuals covers credit management, accounts receivable, accounts payable, data entry of quotes, invoices, purchases and payments – all the things that most businesses need.

Purchase yours now and download them instantly.

Continue reading Announcement: MYOB, Xero and QuickBooks Training Manuals now available for sale

Posted on September 2, 2019September 3, 2019 by Steve Slisar

Announcement: NEW Training Video Libraries for Accounting Software (Xero, MYOB, QuickBooks)

THE DEFINITION OF a training course has changed a lot over the last 20 years. With new online internet technologies comes new ways of learning. The concept of the “micro course” is gaining momentum as students look for information when they need it, known in the industry as “just in time learning”.

There are lots of time and cost pressures for students as they juggle part-time work, kids and mortgage payments. As a result, we’re launching a brand new Online Training Service for past EzyLearn students AND new students — EzyLearn’s Video Training Library Membership.

Continue reading Announcement: NEW Training Video Libraries for Accounting Software (Xero, MYOB, QuickBooks)

Posted on August 27, 2019August 28, 2019 by Steve Slisar

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!

Category: Credit Management