MYOB courses for jobseekers and business owners from Setup, Daily Transactions, Bank Recs, GST BAS and Reporting and Payroll. Students from Melbourne, Brisbane, Sydney, Adelaide, Perth, Hobart and Darwin do these courses at their own pace. Includes LIFETIME course access.
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.
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.
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.
Things are moving fast in the software industry as Intuit (QuickBooks), MYOB and Xero compete with each other with regular software updates. It has become so fierce that many students are enrolling into our Bookkeeping Academy Combination courses.
The key frontiers are still
automated data entry from bank feeds,
capturing receipts and extracting data,
faster reconciliation and
automatic calculations of taxes owed.
These are some of the features promoted by NAB Bookkeeper for NAB Business banking customers but what is MYOB’s huge announcement?
There are many finance professionals — who does your business need?
WE’VE MENTIONED PREVIOUSLY THAT finding a bookkeeper, when you may not know much about bookkeeping, can be a difficult task.
In fact, a lot of new business owners assume their accountant will take care of everything for them, which may be costly if their accountant has to perform a year’s worth of bookkeeping in order to file the business’s tax return. But bookkeepers and accountants can work harmoniously in your business.
As a general rule, every business needs at least two finance professionals working on their business accounts, but which two professionals you’ll need to hire depends on your business needs. If you’re not sure who you need to hire for your business, here’s a cheat sheet to help you out.
Bookkeepers (not registered with the TPB)
An independent bookkeeper not employed by an accountant and not registered with the Tax Practitioner’s Board (TPB) may only perform basic bookkeeping services, such as the
entering of receipts,
coding financial transactions,
generating invoices and purchase orders
accounts receivable and accounts payable
If you hire this type of bookkeeper, you’ll still need an accountant.
BAS agents
BAS agents must, by law, register with the Tax Practitioner’s Board (TPB), which certifies that they are qualified and have completed the necessary continuing education requirements to perform the tasks of a BAS agent, which involves carrying out most of the bookkeeping tasks mentioned above, in addition to preparing and lodging business activity statements on a business’s behalf.
If your business is registered for GST, you will need to file regular activity statements. If you hire a BAS agent, you’ll also need an accountant. In some instances, you may find a BAS agent who’s also a registered tax agent and vice versa, who may be able to take care of all your taxation needs.
Tax agents
Although tax agents, like BAS agents, must also register with the Tax Practitioner’s Board (TPB), a tax agent is focused on income tax — how much income you have to declare, how much you can claim back, etc.
This is distinct from a BAS agent who is concerned with the day-to-day financial tasks of your business (bookkeeping and BAS lodgements). That said, some tax agents will also perform some the basic bookkeeping tasks on a regular basis, though they primarily specialise in lodging tax returns.
If you’re not registered for GST, and your tax agent will also perform regular bookkeeping tasks (or you can do it yourself), you may not need to hire an accountant. In some instances, you may find a tax agent who’s also a registered BAS agent and vice versa, who may be able to take care of all your taxation needs.
Accountants
An accountant is mostly concerned with planning and strategy. Unlike bookkeepers and BAS or tax agents, an accountant will assess and advise you on what actions you should take to maximise your income. Great accountants will get involved with planning the direction of your business and ensure it’s been structured properly and that you’re meeting any additional tax obligations.
They’ll also help you to make strategic purchases for equipment and machinery, and work with your BAS agent or bookkeeper to ensure these decisions are reflected in your daily financial records. An accountant is also able to prepare and lodge tax returns on your behalf.
How much should I pay a bookkeeper?
Check out the National Bookkeeping Directory, which features the details of bookkeepers, capable of doing data entry and clerical tasks, through to high-level accounting work as undertaken by BAS agents, accountants and CFOs.
You can also see the National Bookkeeping rates page to find out what level bookkeeper your business needs.
The constant need for some companies to continue to grow revenue or subscriber numbers can make the employees do things too aggressively.
Xero has always done a great marketing job against MYOB because it was easy – all they had to do was have good software that was easier to use and in the cloud – now they’re ALL in the Cloud!
Xero focused on a cloud only model and the integrations between it and other online software programs. This was a marketing strategy that may have stretched the truth a little!
MYOB’s problem was that is WAS a Windows based software program. This made using the software harder because you had the constraints of running only on a Windows computer and had to upgrade that software regularly. It also caused issues with their Mac version and they ended up having to discontinue that software and push their Mac users straight to their Cloud version, MYOB Essentials.
Some people might find it easier to learn the software through video tutorials, and replicating what they see on the tutorial using the software. This is a good way for experienced bookkeepers to up skill quickly on a feature that they haven’t used before. It is also a good way for beginners to lose their fear of accounting software.
Watching videos and replicating what you see is very easy to do but once you get past the 4-5th video you realise it’s not the same as performing bookkeeping tasks in an office.
Others might prefer to work through a printed manual with step by step instructions and sample data.
Combining instructor video tutorials, self-study, workbooks and case studies is best
EzyLearn Premium Xero & MYOB courses combine video tutorials which compliment and explain the tasks in the step-by-step training workbooks.
At the end of each subject an online assessment test insures you remember the important parts of each skill level. Each different Xero and MYOB course covers a very specific skill level which is aligned with the job requirements for accounting and bookkeeping jobs.
You can experiment with different methods and start with just video tutorials to see what works best for you. In my experience the MAJOR reasons that people choose video tutorials over practical exercises with case studies is
the higher cost, and
time and effort required
MYOB & Xero Training Course Contents
When you enrol into a Complete training course with EzyLearn you get the Beginners to Advanced skills and everything in between. Learn more about how much MYOB and Xero Courses cost.
We’re so used to paying subscription fees for everything today but not really owning anything. I was speaking with Brian from Spina Coffee Roaster in Morisset and he reminded me when small businesses could buy MYOB AccountRight and then only upgrade if they wanted too.
I recall the first subscriptions that MYOB introduced relating to Payroll tax tables. If the PAYG brackets or superannuation (covered in the MYOB Payroll Course) were changed by the Australian Government then you had to buy the upgrade from MYOB – even though it was a simple change of a couple of percentages in the software.
Now, most small businesses don’t even budge when they pay $1000pa for a Xero subscription!
A Cert IV in Bookkeeping and Accounting is the same as any other Cert IV in Bookkeeping and Accounting, right? Wrong.
One of the biggest issues that ex Mentor Education students face in trying to transfer their credits to another training organisation AND continuing their studies is that EVERY RTO can choose some of their own subjects.
So a Cert IV in Bookkeeping can be different from one RTO and TAFE to another even though they’re the same qualification – does that makes sense. Let me demonstrate.
Someone made contact with us to find out which data entry and office admin courses they need to do to get a job using MYOB. It’s logical to want to know which courses will give you the skills for specific jobs so we put these guides together.
Business owners who need to learn how to use MYOB and Xero like the added support that is available if they have a question that relates to their own business.
Unlike Job Seekers who choose MYOB and Xero COMPLETE training courses to learn as much as they can about these bookkeeping programs, Business owners often have questions which relate to things they want to resolve in their business.
Most of the questions students have are solved as they progress through the logical order of the courses we’ve created but sometimes things get a little weird.
You can get a further discount off the Corporate Training prices if you don’t need a Certificate at the end of your training. This option is great for business owners or small businesses who just want to get their team trained up but don’t need the evidence of a Certificate of Completion.
A popular and well funded HR and Payroll software company, which is backed by Seek (yes, the employment site) is offering 100 to “qualified” businesses who agree to participate in a demonstration of their software.
This is an example of what companies need to do today to get in front of their prospects in business to business selling. This company is trying quickly and this tactic reminds me of the kind of marketing tactics that PayPal used to massively grow their user base. It looks like the kind of strategy that Peter Thiel writes about in his book Zero to One.
These are the market leading workforce management integrations for rostering, scheduling and time and attendance monitoring. Deputy was one of the first but the major accounting software companies are now snapping them up.
The most interesting story here has been KeyPay. I’ve loved the fact that Intuit partnered with the Australian company KeyPay to provide all of the local Australian payroll functionality in their QuickBooks Online software. Tsheets would also have been in this list but you know what happened to them..
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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…