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Posted on January 5, 2022January 5, 2022 by Xero Training

Get Paid Faster By Using Clear Terms of Trade

The worst-case scenario for many businesses is having to chase up overdue payments from clients. Not only is it stressful and frustrating for employees, but it can mean cash stays tied up for longer, lengthening the cash conversion cycle.

Considering how many industries – from retail to construction – extend lines of credit to their customers, it’s essential for businesses to know how to collect their accounts recievable with as little time and hassle as possible.

But what if there was a way to make it easier?

Posted on January 4, 2022January 4, 2022 by Xero Training — 1 Comment

Here’s What You Need to Know About the Cash Conversion Cycle

There are a lot of things that contribute to a successful business, but there’s no doubt that cash is a pretty significant one. Whether or not a business can generate enough revenue to not only stay afloat, but make a profit, determines whether or not that business can continue to operate.

But collecting that cash is not as simple as swiping a customer’s credit card. From the first cent a business spends in buying its stock, to the final cent the business receives in payment from a customer, the cash conversion cycle can tell a lot about just how efficient and effective a business is.

Posted on December 28, 2021December 28, 2021 by Xero Training — 3 Comments

Tired of Chasing Unpaid Invoices? Here’s Which Credit Management Apps Can Help

Credit management and collection is the important part of business that can easily become problematic. The awkward phone calls chasing up late payments, the back-and-forth emails and reminders that disrupt your workflow, and – of course – the ageing invoices filling up your accounts receivable as you wait to get paid.

Countless credit management and collection apps have stepped up to automate and streamline the process. If you take a look at Xero’s app store you can see just how many are on the market. Yet for achieving ultimately the same purpose, these apps each have their own features and pricing that will influence which one works best for different businesses.

Posted on December 16, 2021June 6, 2022 by Xero Training

Will Jim’s Pay Plans Cause an Aftershock for Afterpay?

quickfee-payment plan-jim's group-announcement-buy now pay later

‘Buy Now Pay Later’ (BNPL) services are becoming more and more popular with consumers and businesses across Australia. There are the big ones – like Afterpay and Zip Pay – but Australian company QuickFee is working to grow their presence and stand out in the market.

Since 2009, QuickFee has focused on providing financial services, such as BNPL schemes, to professional firms like lawyers and bookkeepers. And they’ve been successful – boasting on their website that “more than 65% of the top 100 accounting firms and many legal firms” use QuickFee’s services.

Their recent partnership with Jim’s Financial Services is continuing this trend, and the institution of a Buy Now Pay Later service for Jim’s Group franchisees could mean that Jim’s Bookkeeping will have an Afterpay option for its clients. But what will this look like?

Posted on October 24, 2021October 24, 2021 by Steve Slisar — 3 Comments

Xero Verify or Google Authenticator?

Xero Verify, Xero Authenticator or Google Authenticator - Online Xero Certificate Training Courses for job seekers, business owners and accountants- EzyLearn

I spend a lot of time around website admin areas and online software so I’ve had to authenticate myself using Multi-Factor Authentication for several different online services and choose Google Authenticator.

Xero has recently announced their own Xero Verify app and although I would never use Xero as my authentication software I wanted to check it out and see how good it is. Turns out it’s not so good.

Posted on September 15, 2021September 21, 2021 by Steve Slisar

NEW: MYOB In Tray and Receipt Capture training course materials for MYOB Essentials

Learn how to upload tax invoices and receipts to MYOB Essentials using MYOB Intray and Capture App - EzyLearn Online Training Courses

Receipt scanning and capture is now a normal feature in MYOB Essentials. MYOB have chosen to add this feature as part of the core software rather than Xero’s approach since buying Hubdoc.

I announced in July 2021 that we were creating training materials for MYOB In Tray and Capture and If you are a current MYOB Essentials course student or Bookkeeping Academy member these training course resources are now available to you for free.

You can find them in the MYOB Essentials Bank Reconciliation Training Course.

Posted on September 9, 2021October 26, 2021 by Steve Slisar — 2 Comments

Rejected by Afterpay? Xero Marketplace has an alternative

Xero Marketplace for integrated apps - Beginners to Advanced Certificate short online training courses in Xero - EzyLearn

Did you know that Afterpay (and ZipPay) and some other Buy Now Pay Later providers decline sellers? Most Afterpay transactions are centered around the selling of physical products that change ownership from the merchant to the customer. This evidence is enough to bind customers legally, but what happens if you provide professional services like bookkeeping or accounting?

Accountants and Bookkeepers, like many other professional service providers including Lawyers and solicitors charge for their time or defined outcomes (like fixed fees for a certain number of transactions).

Will Afterpay take you on as a client? We’ve heard that many industries are rejected but there are alternatives and Xero’s App Store can help.

Posted on August 20, 2021December 28, 2024 by Steve Slisar — 3 Comments

NAB Slyps past Xero Hubdoc to integrate Smart Receipts for Merchants and Customers

NAB, CBA, ANZ and WBC Slyp under Xero to provide smart receipts before Hubdoc gets them - Learn MYOB, Xero, QuickBooks to find accounts jobs - EzyLearn

One of the most publicised recent acquisitions for Xero was Canadian Receipt Capture, Scan and Coding software HubDoc. Rather than send a “bank-like” email informing users that the monthly fee to use Xero was increasing, Xero “sold” the value of the pesky increase of $2 as a saving of $27.50 because they included the Receipt Capture features in the software! That’s smart marketing.

In the meantime, MYOB forged an alliance with Bunnings as every large fintech, accounting and banking organisation tries to get into the Smart Receipt marketing at the source. Here are some of the things that have happened.

Posted on August 4, 2021August 4, 2021 by Steve Slisar

Xero Status: “Can’t log in to Xero” Caused Global Problems

Issues with Xero login prevents UK users from sending invoice and bookkeepers from working - Online Xero Training Courses EzyLearn Bookkeeping Academy

We’re so used to everything online being available all the time that we don’t think about the risks associated with a website being down. Xero experienced a MASSIVE issue relating to the ability for their users to login and use the software on the 27th July 2021. This meant that

Invoices couldn’t be created
Pay runs couldn’t be made
Accounts Receivable staff couldn’t see if customers had paid
Accounting staff couldn’t use Xero for their work

We all take for granted the benefits of having multiple staff logging in at the same time from different locations as well as automatic backups of our information, but this issue lasted from 8:25AM until 7:04PM – that’s 12 hours!

Xero is transparent about any issues and fixes about their software so you can see exactly what happened that day.

Posted on July 12, 2021September 21, 2021 by Steve Slisar — 1 Comment

Xero vs GoDaddy Website Hosting Company Accounting Software? Attn: New Minimum Viable Website Service

Xero to re-elect Steven Aldrich as non-executive director - online customer service and receptionist services - Xero online training courses

When you look at the two companies Xero Accounting and GoDaddy hosting companies are very similar. They both provide cloud-based solutions, for a subscription fee and have small businesses as their major clients. They are both in a very good position to provide accounting software for their customers.

One of the Xero Directors sold an accounting software program to GoDaddy in 2012 and at the time TechCrunch reported that Accounting software is a logical service for them to provide to their small business clients. What does it mean for the future though?

Posted on April 21, 2021April 21, 2021 by Steve Slisar

Can you lose your job because of Microsoft’s productivity police?

Microsoft Office 365 Productivity Score for office support and administration tasks job description - online training courses Office Certificate Course (EzyLearn - recognised by employers)

Are you only using 10% of Microsoft Office? Are you taking 2 hours to do something that can actually be done in 30 minutes? Microsoft Office software had a feature that could identify your productivity score in reports to managers.

The technology was designed as a sales tool for Microsoft to help identify software that could be utilised better at Microsoft corporate clients but it unveiled a whole privacy issue.

Continue reading Can you lose your job because of Microsoft’s productivity police?

Posted on April 8, 2021April 8, 2021 by Steve Slisar

Where will you look to find your next job?

receptionist, data entry, customer service training courses to find jobs working online remotely from home - support help

Are you currently seeking work? Are you studying and planning your career but not actively looking?

Looking for a job is similar to selling a house – it’s a big deal, it affects you financially and you don’t do it that often. It’s certainly different to running a business where you are always looking for clients!

There are many more ways of finding work online these days and it is changing how people find work.

Posted on March 22, 2021March 23, 2021 by Steve Slisar — 1 Comment

Is Xero the software of choice for real estate property managers

Re-leased-property management software integration image at Xero partner integration website - smart digital marketing

I was reading some recent announcements from Xero as they try to displace Sage as the small business accounting software of choice in the United Kingdom and notice some announcements they have about how Xero is a great tool for property management.

It was an eye opener because it shows how aggressive they are against MYOB by quoting a client publicly who converted from MYOB to Xero. They didn’t mention that Re-Leased software also has an integration with QuickBooks Online – but why would they? Here’s what they wrote..

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 February 15, 2021February 15, 2021 by Steve Slisar

Creating the Xero & MYOB Course Training Workbooks

EzyLearn Online Course Training Manuals and Workbooks for MYOB, Xero, Excel, Office, Word, QuickBooks Online

OUR HARDCOPY COURSE workbooks are the written foundation of all our online training courses. Sometimes these workbooks start as little more than a list of transactions. We then create the training course outline and film the breakdown of this in a series of brief, easy to absorb videos.

The Xero Advanced Certificate Training course workbook includes exercises and screenshots based on 6 months worth of financials for a business startup and you can refer to the workbook as an aid while you’re viewing the videos.

They’re also great to read over as an after-course resource or wherever you’re not using the internet. But, how do we create them?

Posted on November 30, 2020December 26, 2024 by Steve Slisar — 2 Comments

Is Xero Certification Valuable for Job Seekers or Contract Bookkeepers?

Xero Certified Partner Program exceeds 100,000 members - Xero Central Announcement - EzyLearn's Xero COMPLETE training Courses

Xero Certification is designed for contract bookkeepers to increase the number of customers who use and support the software.

Like all “partner” programs offered by software vendors including MYOB and Intuit QuickBooks the purpose of these programs is to increase their “channel to market” but it may not always suit every student.

We’ve had some students who’ve inquired recently have asked if we can give them Xero Certification when they successfully complete our Xero COMPLETE training course package.

The quick answer to this question is that we can help them get accreditation from the Xero Partner we work with!

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