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Should you learn MYOB, Xero or QuickBooks First?

Xero Course, MYOB Course, QuicBooks Course - COMPLETE Suite Training & Support - Bookkeeping Academy

We receive lots of bookkeeping course enquiries from students who are changing careers and want to find bookkeeping work.

If you are new to bookkeeping you may be familiar with MYOB because it has been around for decades. As soon as you start looking at job ads you’ll hear about Xero because a lot of businesses are migrating away from MYOB to Xero.

So a common question is should I learn MYOB and then Xero?

Continue reading Should you learn MYOB, Xero or QuickBooks First?
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What’s happening PEPPOL?

Am I speaking gibberish or just crazy?

No, I’m speaking the language of eInvoicing!

PEPPOL is a global way for accounting systems to avoid the entire email system as we know it and Xero are registering every business unless you opt out by 13th November – and it’s included in our Bookkeeping courses.

Learn about einvoicing using Xero

Is this a new closed network that eliminates any invoice and bill paying spam? Yes, pretty much.

I remember teaching people how to use email when it first arrived in our lives in the late 1990’s and it is now the most common way to “authenticate” yourself as a real person.

It is also one of the most common ways to be scammed, spammed and phished!

Xero COMPLETE Training Courses Online Suite - EzyLearn

I first wrote about PEPPOL when the Australian Government announced that they were adoption it – yes, it’s an Australian Government initiative, not a Xero Initiative.

PEPPOL is the mechanism whereby you can get your invoice directly into the software of your client and I think it’s great.

  1. Learn as much as you can about Xero in our Xero Complete training course which comes with lifetime course access and support.
  2. Or choose an individual short course with 12 months access and support with Xero Beginners Course BUNDLE or the Advanced Certificate in Xero.
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Do you want to earn an obscene amount of money?

Work remotely from home doing bookkeeping, office admin, customer service and sales work- online courses to help

Someone made contact with me recently and told me about an opportunity where “I could make an obscene amount of money. Does that interest you too?”

This persons problem is that the link to his website didn’t even work!

Who makes an obscene amount of money?

Continue reading Do you want to earn an obscene amount of money?
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I wish you could see this

Archiving subscribers in Mailchimp Email Marketing Course - Marketing Academy

EzyLearn has been an online training company for Office Admin and Business Admin courses since the Internet appeared and geez I could tell you some stories about what I’ve seen.

Something frustrating is happening at the moment and it pits the developing countries again rich countries like Australia.

If you’re reading this because you received an email notification then you’re a subscriber to our blog – WELCOME!

We manage this list using MailChimp because it helps us to be compliant for AntiSPAM requirements but it doesn’t stop people entering all sorts of information into our “Lead Capture Pages”.

PS. Did you know that QuickBooks Online owner, Intuit, now owns MailChimp?

Check out these entries

Continue reading I wish you could see this
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I’ve never actually done it

Frequent updates and infrequent use of software like Excel can really leave you stumped - that's where Lifetime Membership for Excel Online Courses comes in real handy!

People are interesting aren’t they?

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!

Continue reading I’ve never actually done it
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What most students ask about MYOB courses

EzyLearn Online MYOB Training Courses logo - training & student support

This website page answers 99% of students questions about online MYOB courses and certification. It has evolved as we’ve added content and support services so it’s pretty thorough.

The answers to these questions have become a little more complex since MYOB created separate versions of their software:

  • MYOB AccountRight, and
  • MYOB Business (Lite and Pro)

The Bookkeeping Academy MYOB course combination includes training and support for both of these versions.

See the most common questions students ask us.

Continue reading What most students ask about MYOB courses
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Your Equity = Assets – Liabilities

Online Xero Training Course - Rule of 40 financial cashflow reporting standard for Xero

Have you spent any time looking at this foundational accounting formula? It’s a formula that shows how wealthy you are – what your worth.

If you are a property owner you would be smiling because of the increase in home values since Covid – and for the last 30 or more years in Australia!

Like most financial reports they don’t tell the full picture by themselves.

Continue reading Your Equity = Assets – Liabilities
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My son asked what my favourite formula is

30_year_mortgage_calculator image from Wikipedia - Advanced Formulas in Microsoft Excel Online Courses - EzyLearn

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.

Continue reading My son asked what my favourite formula is
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Are you worth more than a painter?

Are you worth more than a painter - Business Admin Courses with EzyLearn online MYOB and Xero Courses

This might seem like an odd question and I don’t mean to cause any issues with painters. I was looking for a painter recently and was surprised at how much they charge. The most interesting comment was “I’m very good and I will do the work for $400 cash a day”.

Do the maths and that equates to $50 per hour for an 8 hour day. Are you worth that much?

I understand that it doesn’t just come down to an hourly rate but it still begs the question..

Continue reading Are you worth more than a painter?
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Bunnings receipts (tax invoices) straight to your MYOB Business software

Smart receipts stored in MYOB from Bunnings - Learn MYOB with online courses from EzyLearn

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.

Bunnings-forge-partnership-with-Bunnings-for-Smart-Receipts-for-PowerPass-members-MYOB-AccountRight-and-Essentials-Online-Training-Courses-EzyLearn

You just log into the PowerPass admin area and EVERY SINGLE invoice is available to you there!

Xero made a big deal about their Hubdoc purchase and how it was included for all users when they increased their monthly subscriptions by $2 in 2019.

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.

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Over 100 Microsoft Excel files to practise and FREE Excel Beginners sample course materials

Learn how to use Microsoft Excel in our Beginners, Intermediate and Advanced Excel Training Courses

I don’t think I’ve spent much time mentioning how many sample files you get when you enrol into the Excel Complete Microsoft Excel Course Package.

There are over 100 Excel course practise files and they cover all sorts of different topics including:

  • databases,
  • calculations and formulas, and
  • graphs and charts.

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:

Excel online training course FREE sample course workbook
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Learn MYOB one skill at a time

MYOB is now better value for money than Xero and online

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.

See the MYOB Courses separately

MYOB Business and AccountRight pricing plans - Learn MYOB online

MYOB costs less than Xero but now have similar features and that makes it an attractive choice of accounting software.

Xero on the other hand are constantly increasing their monthly subscriptions and that has caused a bit of an up cry for some users.

Bookkeeping Academy to find accounting jobs. Learn how to use MYOB and Xero with online training courses - Employer Recognised and Industry Accredited.

Bookkeeping Academy course packages are discounted courses which include MYOB & Xero Courses as well as combinations of Xero and Microsoft Excel.

Explore the Bookkeeping Academy courses and current specials.

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Advanced Xero Course on Projects WORKBOOK now available separately

Workbook and training manual covers - Xero Projects and Job Tracking Training Course Practical Tasks Workbook

I wrote about the $600 garden shed that blew out to a $4000 shed and our QuickBooks, MYOB and Xero Courses to manage Job Tracking and Projects recently.

I’m now pleased to announce that you can buy the Xero Projects Course Workbook separately for immediate download.

This rounds out all of our Xero Course WORKBOOKS which are now available separately and are a great way to learn Xero cheaply.

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Office Admin Courses – GREAT example of when to use online forms

Dirty-walls-and-air-conditioning-unit-need-cleaning-or-exit-clean-at-end-of-lease-office-admin-courses

I was looking for quotes for end of lease cleaning recently and started sending emails and Facebook messages when one of the replies I received directed me to their online formvery smart!

Rather than ask me questions and wait for replies and sending 10 messages to find out basic information this cleaning company had it all laid out on their online form.

The best part of this is that I had to do all the data entry work and my details went straight into their database and email system!

Continue reading Office Admin Courses – GREAT example of when to use online forms
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Is Jerry Lames Next Quarter Normal?

Quarterly revenue and profit growth - business admin training course decisions - master financial reporting using Quickbooks, MYOB and Xero Courses

I wrote about the messy startup for Jerry’s new business venture. It is used in the BAS Courses for QuickBooks, MYOB and Xero and in The Next Quarter case study you’ll see the results of Jerry’s business decisions and how some of his financial transactions have turned out.

You’ll get enough information from the financial reports to advise Jerry how to make future decisions for his business – particularly when it relates to cashflow, credit management and purchases.

In The Next Quarter Bookkeeping Course case study we look at Jerry’s financial reports and start to keep better track of income vs expenditure as well as better ways to use his money (like buying assets vs paying off loans).

Jerry will also have the knowledge to make product and services decisions because he’ll know what is selling well and where he is making more profit.

Xero Advanced Certificate Training Course cashflow-forecast-charts-reporting-budgets

In The Next Quarter we look at how his business gets discovered online and what other digital marketing options are available to him.

We explore whether he should continue to use a project bidding site like HiPages or focus on getting more traffic to his own website.

Ultimately, no matter which digital marketing medium you use you’ll want to strengthen your sales skills to learn how to identify ideal clients and turn them into customers. At the same time you’ll want to learn how to help clients who are not ideal.

Cashflow is critical for the survival of a business. It’s like the blood pumping through the veins or the air going into and out of the lungs and without enough positive cashflow you don’t have a business that can survive.

This case study is used in our Advanced Certificate in Xero Cashflow and Financial Reporting Course.

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The Xero BAS Course takes 5 hours

MYOB GST, reporting and BAS training courses

People often ask “How long does it take to complete a Business Activity Statement” but there are several different correct answers to that question.

If all your transactions are entered correctly in your accounting software and your bank account is reconciled the BAS Lodgement takes a matter of minutes.

The hard work is often completed by bookkeepers who do the daily data entry or the catchup bookkeeping to make sure all the data is captured. This task can take days or even weeks!

If you want to save money you can lodge your BAS yourself and use our BAS Course workbooks to learn how to do it.

Advanced Certificate in BAS and Financial Reporting Training Course - introduction to Payroll using Xero Workbook

Advanced Xero Training with the BAS Course Workbooks

Learn how to lodge your BAS, including simple payroll wage payments using our Xero BAS Course training workbooks and sample data.

We use Jerry’s Messy Startup case study and you will be his bookkeeper to make sure everything is accurate for lodgement.

It is assumed that you know how to perform daily data entry and bank reconciliations using Xero.

The tricky part of lodging Business Activity Statements is making sure you get the correct tax codes for GST transactions and payroll. If you get these codes wrong you could end up paying less tax to the ATO than you are supposed to or even underpay your staff.

BAS Courses for BAS Agents

The difference between a BAS Agent and a junior bookkeeper is the compliance requirements to make sure they get it right. A BAS Agent has a duty of care to ensure that the correct tax codes are used and the Cert IV in Bookkeeping and BAS Agent skillset courses (which are Nationally Accredited) take students through the legal framework around compliance.

When a Registered BAS Agent provides these services as a contract bookkeeper they are providing a BAS Service and that is administered by the Tax Practitioners Board.

A BAS Agent is trained but more importantly insured to ensure they get the information 100% correct – otherwise they can be sued. That means they have to have Professional Indemnity insurance to provide BAS Services to clients.

If you want to start your own bookkeeping business and provide BAS Services you need the Cert IV in Accounting and Bookkeeping Course.

You don’t need to complete a Cert IV in most circumstances

In most circumstances where you are completing the BAS as an employee you will be working under the supervision and direction of the business owner, business manager or the bookkeeper or accountant for that business.

Students who enrol into our BAS Courses simply want to know how to perform these tasks using accounting programs like QuickBooks, MYOB and Xero.

See the BAS Courses for Quickbooks, MYOB and Xero