Tag: MYOB

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There’s Never Been a Better Time to Start Your Own Business!

Ah - the freedom of running your own small business!
Ah – the freedom of running your own small business!

A large number of bookkeepers who have completed our online MYOB course have successfully started their own businesses and to reiterate a recent blog post from Steve, the first step in starting your own business is making the decision to begin.  Secondly you have to come up with the idea, and whether it seems like it or not, all of us every day are full of ideas. It doesn’t matter what your level of education is or how old (or young) you are — we all have ideas and desires, so the initial stages of starting a business are really pretty simple. And never think you’re alone; did you know that small businesses (defined as having less than 20 employees) employ a whopping 47 percent of Australia’s total workforce. That’s a lot of people who had ideas and keep growing them.

Making Sure You’re Relevant

The actions you take after you’ve come up with your idea and how you develop this idea into a product or service that others are interested in or need is critical. We provide online training for Australia’s most popular accounting software, MYOB, and it’s clear there’s a strong demand for bookkeeping skills in small businesses around the country. Indeed, if you have accounting or bookkeeping skills and qualifications and are interested in starting a business, then there’s never been a better time to explore a Small Business Course that has now been loaded on our Learning Management System (LMS).

The Small Business Management Course for Self Starters

Our Small Business Management course covers all the aspects you need when starting a business. Our first subject covers ‘Originate and Develop Concepts‘. As you progress, the course provides you with the skills you need to create a business plan so you end up with something tangible and that ensures you’re idea can actually come to fruition. But the course is not only suited to those people thinking about starting a business; it’s also a terrific course if you want to elevate your skills in your current work too.

Our course has been designed by Maggie Richardson from the Australian Small Business Centre. Maggie has helped over 1,000 people build business plans that have turned their ideas into profitable realities.

Remember: Businesses are proven to be more successful when they operate to a business plan.

If this is your year to start a business, come and join us online with the Small Business Management Course or visit the Australian Small Business Centre and get started by subscribing to their blog posts.

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Start a Bookkeeping Business For Very Little Money

I recently wrote about our MYOB Training students and how many of them want to start a bookkeeping business so I thought we would go through some of the costs involved.

Remember that these are the startup costs and you may incur more marketing costs as your business grows. Starting a bookkeeping business, like most other businesses, takes a little extra time, effort and money initially. You need to spend money on advertising so you get to speak to as many prospective clients as possible.

The more prospects (or leads) you speak to, the more you understand what bookkeeping clients want and also what you are able to help them with – and what you can’t or don’t want to.

Continue reading Start a Bookkeeping Business For Very Little Money
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Video: Receipts in a Shoebox?

Receipts in a shoebox

Receipts in a shoebox? Shoeboxed Australian websiteI WAS LOOKING in my top draw and noticed some receipts, bundled by the month, with a bull clip holding them together. Do you know someone who also stores their receipts in a shoebox?

I have, of course, now entered them into our MYOB accounting software. However, it begs the question: How many business people do you know who still store their receipts and other paperwork with way?

The legal requirement to file receipts

Continue reading Video: Receipts in a Shoebox?

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Starting a new MYOB bookkeeping business? Got a plan?

start a bookkeeping business as an MYOB bookkeeperWithout a plan, could you be planning to fail?

I AM REGULARLY SURPRISED at the number of our students who are learning how to use MYOB because they want to start their own bookkeeping business.

Many of them already have accounting or bookkeeping qualifications, but these are usually in larger accounting systems and so they learn to use MYOB to apply their accounting skills to help small business owners.

Start a MYOB Bookkeeping Business

I recently wrote about the Australian small business startup scene and have been working with like-minded, successful business owners to put together a series of bookkeeper business building webinars. Indeed, one of the critical parts of starting a new business is the business plan.

To some business owners this is the “art” part of starting a business, particularly if you are starting something from scratch! I’ve often heard people ask:

How can I possibly predict my future income?

How do I work out how much to spend on advertising?

What price should I charge?

What if I don’t get that many customers?

Business plan for your bookkeeping business

National Bookkeeping Business Plan Template
Get a bookkeeping business plan created by a registered BAS agent and get started fast

The best answer I can give is that a business plan is really just some solid information that you have collected from your research about the industry you want to work in.

It’s the best estimate that you can make at the time. But the best part of it is this:

  1. You can always modify your business plan
  2. Your next business plan will be more precise

[quote]The most commonly asked questions I hear about business plans is: Where do get one? Can I see yours?[/quote]

Where can I get a business plan?

The EzyLearn StartUp Course comes with a business plan template that will help you determine, not only the viability of your business, but also how to achieve your business aims. It will enable you to justify to your clients — and yourself — why you charge the fees you do. It is a dynamic blueprint that you can look back on and go over as you need to, in order to remind you of your goals, your business mission statement and keep you on the right path.

Oh, and please don’t underestimate the importance of a business plan. There is a famous quote from Benjamin Franklin:

[quote]“If you fail to plan, you are planning to fail!”[/quote]

The Australian Government’s www.business.gov.au website also has a free business plan template you can modify. Watch their video below:

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Are business startups not using MYOB??

cloud accounting and bookkeeping with xero, saasu, and myobI wrote a recent blog about Daniel from Parking Made Easy and his new startup venture and when I dug a little deeper and asked some more questions I discovered that many of the new technological startup companies that he connects with on a day-to-day basis don’t use MYOB and are not considering it.

Daniel is a member of the Fishburners group, a co-working, entrepreneurial non-profit organisation that business startups can join to share ideas, get support and learn new things. Daniel did a survey of some of his fellow startup businesses at Fishburners and discovered some surprising information – not one of them was considering using MYOB bookkeeping software to manage their business financials! We had to ask why?

Several reasons where given, including:

  • Many of the businesses are still very small so they use Microsoft Excel to manage and keep track of their finances (75%)
  • Some of them were considering a cloud-based bookkeeping system because they could access it from anywhere (25%), including
    • Taking advantage of 12 months free use of SAASU, a cloud-based accounting program that is made available to members of the group
    • Another cloud-based bookkeeping system called XERO.

I wrote a blog post about these cloud-based (basically a website that you signup and log in to) online bookkeeping systems in early 2010 and it’s interesting to see how they have progressed over that time.

If you are completing our MYOB training courses don’t fear, the company is still by far the largest provider of bookkeeping and accounting software for small business in Australia so there are lots of jobs being advertised.

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Are Aussie accounting software firms now competing in a global space? Threats to MYOB?

Kashoo Online Bookkeeping Software comparison to MYOB, XEROI was speaking with a business owner this morning and he mentioned that he was going to try a new accounting software SERVICE after a recommendation from his web guy? It made me ask the question: “Is your web or IT guy the source of recommendation about your bookkeeping software or is it your bookkeeper or accountant?”

In my previous blog post where we included a free training video about performing a bank reconciliation using MYOB, I mentioned some other bookkeeping software programs that compete with MYOB but the program that my business owner friend talked about was from a Canadian company called Kashoo…It then dawned on me that of all the bookkeeping programs only one of them is Australian owned anyway, SAASU. MYOB is now owned by US Private Equity, Xero is a New Zealand public company, Freshbooks is US based and Kashoo is a Canadian company.

This adds to the impetus behind local Australian bookkeepers having to compete with international remote workers for bookkeeping work… but more about that another time.

The good news right now is the MYOB is a clear market leader for use in most small businesses and if you are looking to earn a living as an accounting employee or independent contractor the chances are you will need to know how to use MYOB Accounting software. We try to make it easier by providing LIFETIME student access and all five MYOB Training Courses for one low price!

We will be reviewing the online accounting software mentioned in this blog post so make sure you subscribe to receive the reviews as they arrive.

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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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Discount code for online MYOB Bookkeeping and WordPress Website Design Courses

cheap MYOB training coursesWe recently wrote about why more and more mums are looking to work from home as a virtual assistant and perform bookkeeping tasks using MYOB. Mums are also becoming website designers using the free website building software called WordPress.

We just wanted to remind you that if you are a mother or a stay at home dad and you want to learn these programs so you can work from home while bringing up your children, we want to offer you a discount.

Just tell us what you are looking for in an online training course and instantly receive your discount to one of our online training courses.

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Hundreds of businesses already use MYOB hosted in the cloud!

ozBeanz MYOB Approved Hosting Provider for MYOB in the cloud
Screen Shot from ozBeanz website

In our research about cloud based accounting software we discovered that MYOB have an approved hosting reseller program. This is a program where MYOB partners with companies who specialise in providing hosting services so that MYOB users can access their data file from anywhere.

We recently spoke to one of those hosting businesses and took their service for a test drive and it was amazingly quick and did everything we needed it to do. We were able to login, access the MYOB data file, create an invoice and email it via the cloud based hosting account!

[quote]This is a definite boon for Remote Contractors who provide bookkeeping services from their own home, like working mums.[/quote]

The term cloud means different things to different people and Heather Cox from asponline wrote an excellent article about hosted MYOB services. We spoke to the people at ozBeanz as well and they have been MYOB Approved Hosting Providers for many, many years.

Do you have any experience using MYOB in the cloud? If you do, we’d like to hear from you at our Facebook page.

Our MYOB training course is also in the cloud so you can complete all 5 MYOB courses no matter where you are.

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What is a PAYG tax table and how does it work?

ATO 2013 tax tables for online MYOB payroll training courseWe recently announced our updated MYOB Payroll Course videos and training workbook and were asked to explain PAYG tax tables in a bit more detail. We’ll explain tax tables using the data from the ATO website relating to tax tables for the 2013 financial year.

We recently witness a federal budget and there are usually some changes in each budget that relate to tax tables or tax thresholds. These tax tables simply define how much tax you pay for each threshold and the simplest way to describe it is to define the first category. This category is called the tax-free threshold and it is the level at which you don’t pay any tax. The annual pay for this level will be $18,200 from 1st July 2012 (the beginning of the next financial year). Any money you earn up to this level you don’t pay any income tax on.

Any money you earn over this tax-free threshold amount but less than $37,000 will be taxed at 19c per dollar.

The most important thing to note is that just because you earn $50,000 doesn’t mean you will be taxed at 32.5c in every dollar you earn. You’ll be charged

  1. zero for the first $18,200, 
  2. 19% from $18,200 to $37,000 and then 
  3. 32.50% for each dollar over $37,000.
Stay tuned for more bite size chunks of knowledge in the coming weeks as we evolve our MYOB Payroll training course. Make sure you subscribe to receive these posts via email.
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Need help with Payroll and MYOB?

help with MYOB Payroll and Superannuation SG online training course and supportWe use the EzyLearn blog to inform new and existing students about new course content, tips and tricks and free training that we make available from time to time. Today we are announcing the completion of the workbook and training videos for our online MYOB training courses.

Our MYOB Payroll course has been created and you’ll soon be able to learn how to create employee cards, setup the payroll tax tables, choose wage categories, pay benefits, superannuation information, perform a payroll run, send pay slips, generate payroll advice reports, pay your SG liabilities, reconcile your super and wages payments and print out payment summaries.

Although the course has been created we are finalising the knowledge review questions that are used as part of our assessments for students who want a certificate after they complete their MYOB training course.

Did you know that our LIFETIME student membership entitles you to review the training material (including videos and workbooks) for the rest of your working life? This includes new content, so enrol now at today’s prices and have access to MYOB training course content for life!

Stay tuned for more updates in the coming week! IF you are not a subscriber, subscribe 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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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.

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New (updated) MYOB training course workbook

It’s ready! The workbook for the MYOB 502 (day to day transactions) training course is now ready. This workbook now has a better flow from navigating around the MYOB screen, creating inventory items, purchasing products from suppliers, setting inventory item properties, paying bills, creating quotes, orders and invoices to receiving payments and making bank deposits.

This workbook has larger screen shots, better practice tasks and references to our online training videos. You can even use the workbook by itself to learn how to use MYOB accounting software.

The workbook is now available in the contents section of the MYOB 502 course. If you are enrolled into the course, you can simply click this link to see the workbook: http://myobcourse.com/elearning/mod/resource/view.php?id=303

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EzyLearn can help online with employment

Proof of training and evidence of completion of a course are two significant ways to prove that a person has the skills to perform selected tasks when they are in the workplace. How is this achieved with online training?

A certificate in the hand of a potential employee might seem like the answer to everyone’s hopes. Companies are looking for staff with the skills and prospective employees want to be employed. So, what does a certificate mean? The most structured form of vocational training is a Certificate or Diploma course, these courses are operated by RTO’s (Registered Training Organisations) who adhere to strict guidelines in assessing students skills level, running the courses and assessing the students skills at the end of the course. Under these strict guidelines you can be confident that if someone has a certificate that they have reached a certain level of competency.

EzyLearn is a computer training content provider, in other words, we create training videos, workbooks and exercise files that are used by private individuals, companies and training companies (including RTO’s). Some of these companies have qualified assessors who are able to provide a Nationally recognised Certificate, regardless of the training materials used.

At our www.myobcourse.com.au website we provide a Certificate of Completion. Our assessment of a students skills are based on their ability to take an MYOB data file, make changes to it like enter inventory items, create customer cards, create invoices, apply payments to those invoices and perform a bank reconciliation. If they can send the data file to us, there is good evidence that they have the skills required for most every bookkeeping tasks.