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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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Statement of formulas for calculating PAYG amounts to be withheld

PAYG withholding Scale 7 for weekly wage payments for online MYOB training course and supportThe MYOB Payroll Training Course is in stage two of development. The contents of our existing Payroll course give students an introduction to how to navigate around and get fundamental information about the payroll environment in the sample company file. As part of our constant improvement process we are developing payroll scenarios as exercises for our students. This new content when published will be available for all existing Payroll Students and all those who have enrolled with the LIFETIME training course Access option.

Which table to use?

The ATO release papers that provide you with the information you need to perform your calculations regarding PAYG, super etc. In this blog post we look at Schedule 1 Pay as you go (PAYG) withholding NAT 1004. If you take a look at table 7 on page (see diagram on this page) you’ll see the variables or what the Australian Tax Office call coefficients.

New Spreadsheet for Excel and MYOB students

One of our content creators is in the process of creating an Excel spreadsheet as a simple tool to help you work out how much PAYG tax and super you owe at the end of quarterly BAS reporting period. It’s a tool that we will offer both Microsoft Excel and MYOB Training Course students when it’s ready. And no, before you think of asking, it won’t cost you any extra money to receive it. It’s available as part of our LIFETIME student access.

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Hello to New Zealanders

New Zealander users of MYOB accounting software enrol in our online training courseSometimes we use the EzyLearn Blog to inform readers about who uses our online MYOB training courses. We received an email from a New Zealand student and we have had many New Zealanders enrol into our MYOB Training Courses.

MYOB is an international business that started humbly many years ago in Australia but sold recently to a private equity firm, valuing the business at over $1 Billion dollars. You can see from a recent Bloomberg article that the value of MYOB has grown significantly in recent years.

MYOB, Craig Winkler, Xero and Online Accounting

While we are on the topic of big business and who’s buying what, you might be very interested to know that MYOB founder Craig Winkler closed his account with the company he started in back in 1987, to become a major shareholder in New Zealand publicly listed online accounting company and rival called Xero.

Online accounting appears to be the domain of online workers like website developers and we have had very little demand for MYOB Live Accounts (online accounting competitor to Xero) so as yet we don’t cover MYOB Live Accounts. We wrote an article about cloud based software and it’s importance in the rise of remote contractors (Virtual Assistants) back in August 2010 so feel free to learn a bit more about cloud based software services.

We can help New Zealanders

Until then, we just wanted to say that if you are from New Zealand and you want to learn about MYOB accounting software, we can help you. I also want to add that if you are an existing EzyLearn student and you want to highlight some of the difference between the Australian training videos and the New Zealand version of the software, send us an email to sales@ezylearn.com.au, we’ll get Jacci (our resident BAS Agent) to write something up and include it in our course.

To see the full list of topics included in our online MYOB training course visit our website and REMEMBER, we offer all our MYOB Courses (including updated and new content) for one price AND you receive LIFETIME access.

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Having problems with bank reconciliations using MYOB AccountRight Plus version 2011?

Sometimes we use the EzyLearn Blog to inform readers about modifications to our MYOB online training course. We’ve received feedback in the MYOB Support area from students that elements of our MYOB Bank Reconciliation course are coming up with errors when they use the most recent version of the MYOB software.

Bank Reconciliation using MYOB version 2011

One of the great aspects about coming across problems in a course is that it replicates the type of problems you’ll experience in the workplace or while managing your own business. Jacci, our resident BAS Agent has gone through the steps in the course and identified potential issues. She has written up a concise guide that is now included in the bank reconciliation course (#503) to help you balance the books using MYOB.

Online training and support for MYOB, Microsoft Excel, WordPress and moreIf you come across problems or issues please feel free to use the EzyLearn ANSWERS service we launched in May 2011. It is part of our growing support options for students. If you operate a small business and want to know something or if you come across an issue that is not covered by the training in our existing course let us know because EzyLearn courses are LIVE courses, they are growing every month with new content that you don’t have to pay extra to use.

online training and support for MYOB, Microsoft Excel, WordPress website design and moreOh, before I leave you on this blog post I want to highlight our new student support option we launched last month – Tutor Support and Student Community – it’s a way to connect with other students and have direct contact with our professional tutors who have real life experience using the software in their daily business life.

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How long will an online training course take?

online MYOB Training Course and SupportSometimes we use the EzyLearn Blog to inform readers about general course information. Our online courses are completely self-paced so you can complete the online MYOB course in 7 days, 2 to 3 weeks or just use it as a resource.

It’s that time of the year when traditional training centres start their class-based training courses. When EzyLearn operated three physical training centres in Sydney we spent a lot of time scheduling which courses. We asked ourselves questions like

  • What day should the course start
  • Which course should be held on a Tuesday/Wednesday etc
  • Should we schedule it for the morning, all day, evening or Saturday
  • How many weeks should the course last
  • Which training room and centres should we hold the course,
  • Who will the trainer be
  • Is the trainer available

Office administration (Microsoft Word and Excel etc), MYOB (Bookkeeping software), Website Design (using WordPress) and Absolute Beginners courses have always been scheduled this way so people are used to talking about courses this way. One of the most common questions we get asked is “how long will it take?” and our first temptation is to say “How long do you want it to take”.

Our online MYOB training course includes 5 courses for the price you’d expect to pay for one course (It includes MYOB Setup, Day-to-Day Transactions, Reporting & BAS and MYOB Payroll Intro) and the contents of the course is what we used to cover in approximately 4 full time days of training.

Another great aspect about an online training course is you can use it for the rest of your working life without paying any extra (if you choose that enrolment option). So you can complete just the MYOB Day-to-Day Transactions course (# 502) and when you need it you can complete the Bank Reconciliation and BAS courses.

To enrol into our online MYOB training course click here.

In the forthcoming weeks we are going to write about

  • Using Microsoft Excel to enter Payroll information and then enter that information into MYOB
  • Differences between MYOB AccountRight version 2011 and previous versions
  • New content for the MYOB Payroll Course

We’ll also introduce you to Jerry Lame. He’s the new Ordinary Man. Follow Jerry’s journey of starting a business, writing business plans, creating a budget and forecasts and then implementing it. You’ll learn how to use software for practical purposes along the way.

If you don’t want to miss out on this information, make sure you subscribe to our blog using the form below:

 

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MYOB Training Course and Support – Reporting Course updated (BASlink added)

MYOB AccountRight Plus 2011 - Training Course and SupportSometimes we use the EzyLearn Blog to inform readers about new course content or updates to existing training tutorials. We have created new content for the MYOB Reporting Course and more specifically how to complete your BAS using the BASlink in MYOB.

If you are an existing student you’ll know that you have access to this new content for no extra charge.

We downloaded the latest version of MYOB AccountRight Plus to perform these tasks and you’ll be thrilled to know that the navigation of the program (apart from where the Sample company file is stored) is VERY similar. The icons and images are slightly different, but navigation is the same.

Stay tuned for the next free MYOB Training Video about this newest version of MYOB Accounting software. The next step after performing a bank reconciliation (Course 503) is the Quarterly or Monthly BAS (Business Activity Statement).


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MYOB Training Course Update: New training content for MYOB Reporting – Profit and Loss Reports

The EzyLearn Blog is where we officially release information about updates and additions to our existing training courses and today we announce new content for the Reporting Subject in our MYOB Training Course.

We are thrilled to announce the production and implementation of the Reporting module in the online MYOB Training Course. In the production of this course we will be including the learning outcomes for BSBFIA401A Prepare Financial Reports subject that forms part of the FNS40210 Cert IV in Bookkeeping course and certification.

Topics included in this course will include training on how to

  • Prepare an asset register or property, plant and equipment, determining the depreciation calculation for these assets and keeping a depreciation schedule
  • Adjust expense and revenue accounts for prepayments and accruals
  • Adjust ledger accounts for inventory and transfer to final accounts
  • Create journal entries for balance day entries and prepare final general ledger accounts to show gross and net profits for the reporting period
  • Prepare revenue statement, balance sheet and cash-flow statements

MYOB Q&A Support

We’ve modified each MYOB Training Course to clearly indicate where you can ask our resident MYOB expert a question specific to your needs and your circumstances. The MYOB Q&A Support service was announced back in May 2011 and it’s just one way that we try to give you the best MYOB Training experience for a fixed price and LIFETIME training access!

Profit and Loss Report

Does that sound familiar? It WAS also called the P&L Report, but as our country marches in time with new international accounting standards we join the rest of the world in calling it the Income Statement. An Income Statement tracks revenues and expenses during a given period. The difference between the revenues and expenses represents a net loss or gain and Income Statements provide business owners with an understanding of the health of their business.

We’ve included our introductory video here:

 

 

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MYOB Training Course: Dedicated video tutorial server

Are you happy with your current skills?

Do you like to learn new things?

We’re the same. We love to come into contact with new software and internet technology and anything that will help us to remain a market leader in online MYOB training. We also like to receive feedback (positive and negative) from our students so we know what we are doing well and what we can improve on.

Recent feedback has been about the navigation around our online training video tutorials. These videos are full audio visual demonstrations using the software, just like you would expect in a training classroom using a data projector.

With online training video tutorials you can go over our material again and again until you understand it. You can also go over it in the future when you come across a problem you need some help with. Combine it with our step-by-step training exercises and knowledge reviews and you have a complete learning solution.

So, what’s the news?

[box] We’re putting all new content and upgraded training course materials onto a new dedicated video hosting server![/box]

What does this mean?

It means that the videos are hosted on a separate service to the learning course so that both will operate much faster. All new training videos will also have a navigation panel and the ability to scroll through the video to the place you want to be and finally you’ll be able to expand the video so that it takes up your entire screen.

What the video below to see what we mean.

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MYOB Training: Exporting MYOB Data for an Excel Mail Merge

MYOB Training Course Exported Accounts list

We recently created 9 new training videos for our online MYOB training course and one of them demonstrated how to export and import data from an MYOB training company datafile. Exporting and importing is used to extract transaction and sales information and also customer or supplier card files from MYOB to use with Microsoft Excel in performing mail merges.

We have included the simple accounts list that we use in our online MYOB bank reconciliation course as a file you can download and open up in Notepad or Microsoft Excel. The image above shows what the file looks like when opened up in Notepad. It’s called a TAB-DELIMITED text file and this example includes a header record that gives you the name of each field (column)

ACCOUNTS

If you want to learn more about TEXT format (including CSV – comma separated values) files and how to manipulate this type of data using Microsoft Excel, take a look at our Microsoft Excel course 307 (visit this link and scroll down until you see the course contents of course 307: http://ezylearnonline.com.au/courses/microsoft-excel/excel-course-outline-2/).

If you need training on Microsoft Excel and data storage types you’ll be thrilled to hear that this course is one of 9 courses that are all included for one low price and LIFETIME student membership at the EzyLearn online Microsoft Excel course. Click here to enrol.

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New MYOB Training Content available for all students

MYOB Training Course Bank Reconciliation Tutorial Screen

If you are enrolled into our online MYOB training course you’re probably aware of our LIFETIME access feature. You might also recall that this feature enables you to log in at any time and have access to any new or updated content that we create.

We’ve just created training video tutorials for our MYOB bank reconciliation course!

The training workbook for the bank reconciliation course contains a project where you can create a new company file from scratch, import an accounts list (Chart of Accounts), import transaction journals and then enter your own transactions to complete a bank reconciliation. It’s a very satisfying feeling!

Here is a list of the 9 new training videos we created. If you are a student you can simply click on each video, sign-in and start watching.

  • Section 1 Video 1 – Export and Import using MYOB
  • Section 1 Video 2 – Working with Read Only MYOB data files
  • Section 1 Video 3 – Exporting Accounts List and Transaction Journals
  • Section 1 Video 4 – Exploring Exported MYOB Accounts list Data
  • Section 1 Video 5 – Create a new training company datafile
  • Section 1 Video 6 – Importing an accounts list into a new MYOB data file
  • Section 1 Video 7 – Importing the Transaction Journals into a new MYOB data file
  • Section 1 Video 8 – Deleting duplicate accounts and changing linked accounts
  • Section 1 Video 9 – Setting Linked Accounts for GST
  •  

    As part of our continuous improvement process we are now hosting our videos on a dedicated video hosting platform and the videos can now be paused and played and you can enable them to take up the full screen for easier viewing.

    Happy Learning!

    To learn more about our online MYOB training course and the fantastic new features like LIFETIME membership, EzyLearn Q&A and more visit: http://ezylearnonline.com.au/courses/myob-training/

    [button link=”http://ezylearnonline.com.au/courses/myob-training/”] MYOB online training course[/button]

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    How did you go in the MYOB skills test?

    Answer Stats for MYOB online training course free public skills test

    We recently made a quick MYOB skills test available on our website to coincide with the launch of our full online MYOB training and assessment tools and the result from over 3000 website visitors showed some very interesting information. The average score was 44.74, with the bulk of students receiving between 31-70%.

    Most fascinating was that less than 10% of all attempts managed to get the first two questions right! These questions related to what options are found in the command centres.

    Tests are a great way to highlight learning outcomes of a course while providing links to the exact training material you need to provide the correct answer and our online MYOB training course includes 9 knowledge reviews covering the Day-to-day operations of a business, bank reconciliation (which if completed successfully allows you to complete your BAS in less than 5 minutes) and Payroll Introduction.

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    Are MYOB skills good enough to be a bookkeeper?

    MYOB bookkeeper with Cert IV in Bookkeeping

    MYOB bookkeeper with Cert IV in BookkeepingAccounting in the past

    I remember the days when MYOB was a young company called Data Tech Pty Ltd, they were based in Crows Nest and gave trials of their software on floppy disk and videos on how powerful their software was on VHS. It was also an awkward situation if you wanted to become “certified”. Many people learnt how to use the software and offered their services and it wasn’t until you had a couple customers under your belt that you could become certified by MYOB. This scenario is now very different.

    Education businesses around Australia (and New Zealand) now have strict guidelines to follow when they deliver and assess their training (as part of the Cert IV in Training and Assessment) and there’s a whole new official language which includes: Scope of Registration, Units of competency, Learning outcomes, competency mapping, Core subjects, electives, qualifications, subjects etc. The great news is that we are now “mapping” our training material with the outcomes for the Cert IV in Bookkeeping!

    This qualification will be mandatory by 2013 if you plan to perform bookkeeping tasks for a business whether you are an employee, contractor or a small business owner.

    In fact to give you an idea of how specific and focussed this new qualification is here are the electives (based on your desired goal):

    Contract Bookkeeper
    • (FNSICCUS401B) Deliver a professional service to customers
    • (FNSICCUS402B) Maintain customer relationship

    Small Business Owner
    • (FNSICORG510B) Manage own professional development
    • (FNSPRAC501B) Manage and maintain small/medium business operations

    Permanent Paid Bookkeeper
    • (FNSICORG510B) Manage own professional development
    • (FNSICCUS402B) Maintain customer relationship

    Are you a BAS agent?

    You might also be interested to know that “If you provide BAS services for a fee or other reward, you are required by law to be registered as a BAS agent” with the ATO.

    Our offer to students

    We recently announced the Lifetime MYOB course student membership for all students so you can use our learning resources (including updates as they are created) and now we are happy to inform that we are mapping our training material to the desired learning outcomes for the subjects which make up the Cert IV in Bookkeeping. We’ll be working closely with an RTO (Registered Training Organisation) in a VET partnership and we’ll be able to help you get some fundamental MYOB and accounting skills via our online course, PLUS provide you with a pathway to your Certificate IV in Bookkeeping (including assessment and certification).

    Visit out MYOB course website or enrol as a student.

    Make sure you subscribe to our blog to receive these articles in your email. If this has been forwarded to you, click the title of the blog post and subscribe at our website.

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    How much do you know about MYOB?

    MYOB Quick free skills test and training

    MYOB Quick free skills test and trainingTests are an excellent way to master new skills. If they are created with a learning outcome in mind they force you to answer based on your current knowledge and then provide you with an explanation of what the correct answer is and where you can go to find more.

    We’ve recently updated our online MYOB training course to include over 80 knowledge review questions covering most aspects of operating MYOB software on a day to day basis. For each question we provide you with the correct answer and information about where you can go to review your knowledge and get it right the next time.

    You’re invited to attempt a quick MYOB skills test to see how much you know.

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    All MYOB courses now sold separately

    The people who want to use MYOB on a day to day basis don’t necessarily want to learn how to set it up from scratch or customise MYOB forms. This task is commonly performed by a bookkeeper or accountant and perhaps in the case of a micro business (or a sub contractor) by the business owner themselves. To accommodate the specific needs for business owners and employees alike, EzyLearn has changed the enrolment options for its online MYOB courses.

    Late in May 2010 we introduced an Installment Payment option using PayPal for students who wanted to learn how to use the program but didn’t require a certificate, which reduced the cost considerably. Now you can enrol in each of the individual courses separately and for an amount that is very affordable.

    It’s coming close to end of financial year and this is the best time for small business owners to learn how to use and eventually implement MYOB as their accounting software. It’s the best time to do the MYOB Setup Course that provides you with the software skills to create a new company from scratch and set it up for daily use. Click here to visit the online elearning website and see the outline of topics included in the course. This link also provides you with a Pay Now option to get started straight away.

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    Free MYOB Training Workbook

    We’ve just completed our new and simple MYOB Day-to-Day workbook and I like you to have it for free. It is a significant step towards simple workbooks with big images and simple exercises and I’m so confident you’ll learn just by going through the workbook. If you do like it, please tell your friend or anyone else who needs to learn and feel free to pass it onto them. I’d also love to hear your feedback and especially stories about how your new found skills helped you get a job or some work as an independent contractor.

    There are references in the workbook to the videos at our online MYOB training course so if you prefer to watch someone teaching you how to use the software as well as have a workbook with exercises, make sure you visit our online learning website.

    Enter your details in the form below and you will receive the free MYOB Day-to-Day Transactions workbook (course number 502) AND enrolment passwords to access free training in Microsoft Word, PowerPoint and Excel.

    We’ll also let you know about  new training materials and special offers like this one, but don’t worry about SPAM because the newsletter is fully anti-SPAM compliant and you can automatically opt-out instantly. Plus, we only send a message once or two a year. We figure if you like the workbook, you might also want to do the course, be assessed and receive a certificate.

    See what topics are included in the free MYOB Day-to-Day Transactions training workbook?

    Updated FREE MYOB Course

    The FREE MYOB Training Course Samples are now available at the MYOB short course enrolment catalogue. Get your FREE MYOB Training Here.

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    Three MYOB courses for $29 per month for 4 months

    Full access to myobcourse.com.au for 12 months is now available at the reduced price of $116 (paid off over 4 months). This is made possible by the new Installment Payment feature available on PayPal and you don’t need to have a PayPal account, you can use your credit card (even though PayPal make this process a little confusing to find).

    The pricing has changed because we realised that not everyone wants a certificate at the end of their course, they simply want the skills on how to use MYOB on a day to day basis. Rather than simply give every attendee of the MYOB course a certificate just because they paid their enrolment fee EzyLearn students perform a bank reconciliation (and all the entries to make that possible) and email their datafile for assessment. This process of handling the datafile is time consuming and requires an experienced user to assess whether the tasks were performed correctly.

    Our new pricing and installment plan is designed to make our course more accessible to a wider range of potential students who might not have the means to pay for it all up front. Visit the website www.myobcourse.com.au/elearning and look for the enrolment links at the right side of the website.