Posted on

8 People Can Learn Xero COMPLETE For $88 ea

Corporate training and group discounts for Microsoft Office Excel and MYOB and Xero Training Courses

You read correctly! This is part of our Corporate Training pricing for Bookkeeping Certificate courses in MYOB and Xero. The price is low because it based on volume pricing. The same is true for Group Training prices for Microsoft Office Excel and Word.

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.

Continue reading 8 People Can Learn Xero COMPLETE For $88 ea
Posted on

Xero Boast Top Innovator in “AFR BOSS Most Innovative list”, Just Behind Telstra!

Xero wrote about their AI achievements using machine learning to predict the name and account code for your transactions when performing a bank reconciliation. Bank feeds have been a constant and regular theme in Xero’s marketing and this reinforces how they are using technology to reduce the time it takes to reconcile.

It makes sense that a bank like NAB or CBA buys MYOB because if you could automatically make sure that your finances in your MYOB or Xero software reflected exactly what your bank statements say you’d eliminate half the work that junior bookkeepers do.

Continue reading Xero Boast Top Innovator in “AFR BOSS Most Innovative list”, Just Behind Telstra!
Posted on

NEW “Bookkeeping Basics” Training Course Covers Beginner Level Xero, MYOB & QuickBooks Online

bookkeeping-basics-training-course-for-Xero, MYOB and QuickBooks online cover-300x201 EzyLearn Bookkeeping Career Academy

Bookkeeping is an essential part of business, not just to keep track of financial activities for the business’ sake, but also to meet obligations from the ATO.  It’s nothing ground-breaking to highlight the importance of bookkeeping, but lots of businesses might start operating without considering the necessity of bookkeeping. 

If you’re a business owner who doesn’t have a background in accounting or bookkeeping, then you’ll want to learn at least the basics quickly – even if you intend to hire accounts staff, it’s great to understand the bookkeeping tasks that need to be completed.

EzyLearn has you covered with out new Bookkeeping Basics Training Course.  Let’s break down how you’ll learn the foundational aspects of bookkeeping with this course:

Continue reading NEW “Bookkeeping Basics” Training Course Covers Beginner Level Xero, MYOB & QuickBooks Online
Posted on

Xero Asks Nicely for Feedback using NPS, But EzyLearn Interviewed Xero Course Students via Zoom

If you’re looking into a business, maybe you’re thinking of buying a product from them, subscribing to a service, or even just doing a bit of research, one of the places you’ll want to go is the ratings and reviews page.

I’ve written before about how reviews and testimonials are more valuable than number ratings when it comes to revealing important things about a business but for medium and larger companies, who aren’t able to have a personal relationship with their customers, they have to rely on these ratings. They’re also used an opportunity to measure what matters to their clients.

One of the ways they do this is through Net Promoter Scores (NPS), and you’ve probably contributed to one even if you don’t know it!

Continue reading Xero Asks Nicely for Feedback using NPS, But EzyLearn Interviewed Xero Course Students via Zoom
Posted on 1 Comment

Xero Expands in Canada with 4000 Tax Firms in TaxCycle Acquisition

Xero has added yet another company to its ever-growing list of integrations.  In the same country where they bought Hubdoc, Xero has acquired Canadian tax preparation software TaxCycle.

It marks a further expansion for Xero into the Canadian market, given the 4000 tax firms and 16,000 individual accountants that use TaxCycle. 

Here’s what the TaxCycle acquisition looks like for Xero:

Continue reading Xero Expands in Canada with 4000 Tax Firms in TaxCycle Acquisition
Posted on

Will This Xero Integration Replace Your Accounting Job or Just Lessen the Load?

With so many integrations, Xero has become a leading software for small business accounting.  From ecommerce add-ons to payroll and workforce management software, there is a Xero integration for most aspects of business management and administration. It’s little wonder that Xero Courses are becoming so popular.

And credit management is no exception.  Chaser HQ is a credit management app that promotes its ability to automate the whole process: from credit checks to chasing up invoices.  It’s a UK-based company, but its integration with Xero could see it being used more and more by accounting staff globally, including Australia.

Daily Transactions like creating quotes and invoices is the bulk of most junior level bookkeeping and accounts jobs and running Accounts Payable and Accounts Receivable Reports then provide work following up with customers so what could this automated process mean for accounting staff that have been doing these tasks manually?

Continue reading Will This Xero Integration Replace Your Accounting Job or Just Lessen the Load?
Posted on 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.

Continue reading Rejected by Afterpay? Xero Marketplace has an alternative
Posted on 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?

Continue reading Xero vs GoDaddy Website Hosting Company Accounting Software? Attn: New Minimum Viable Website Service
Posted on

Xero Learn. Xero software offered for $6 per month. Why are businesses paying $60+ NEW: RESUME REVIEW SERVICE

It’s interesting and exciting that Xero now offer their Xero Learn service to training course publishers like EzyLearn for $6 per month. This ongoing access to Xero Accounting software seemed exciting at first but then I realised that it’s just accounting software! AND it’s just for training! AND 30 days is MORE than enough per case study!

Most students don’t want to access Xero accounting software forever. Even business owners don’t really want to pay an ongoing fee for their accounting software – they want something else..

Continue reading Xero Learn. Xero software offered for $6 per month. Why are businesses paying $60+ NEW: RESUME REVIEW SERVICE
Posted on 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..

Continue reading Is Xero the software of choice for real estate property managers
Posted on

It’s wise to include Sage One in Bookkeeping Academy (pst.. free samples available)

Sage One Accounting Training Course - Compare Xero to Sage or QuickBooks and save money with discount coupon codes

Pardon the pun but it’s true, Sage One training course materials will now be included in the Bookkeeping Academy Training Course Package along with Xero Accounting, MYOB & QuickBooks. 

Many bookkeepers use EzyLearn to keep up to date with the various accounting software programs now available and this latest announcement is for you. Training Course materials and support for Sage One and Reckon One.

See who trusts EzyLearn for accounting and office administration software training!

Continue reading It’s wise to include Sage One in Bookkeeping Academy (pst.. free samples available)

Posted on

Are EzyLearn students just like YOU?

learn myob xero quickbooks excel courses online cheap affordable

‘Social proof’ is testimonials, reviews and feedback of others, that vouches for the product or service we’re thinking of buying. Social proof backs up the fact that what we’re considering buying is what it says it is.

Come see some social proof about EzyLearn by meeting some students from the past few weeks
— you just might have a lot in common with them.

Continue reading Are EzyLearn students just like YOU?
Posted on

The smart cover letter to get your next accounting job

Use a smart cover sheet to get an accounting job using Xero & MYOB training course skills online

So you’ve switched on the job alerts with SEEK and accounting jobs, part-time or contract accounting jobs are coming into your Inbox! Jobs galore! Everyone needs accounts people, right?

IF YOU’RE RECEIVING the job alerts everyday — indeed, you may even have applied for some jobs already — but you’re still not getting called up for interview, then the following questions of doubt may be brewing:

  • Why haven’t they picked me?
  • Have I been filtered out for some reason?
  • Was my cover letter not good enough?
Continue reading The smart cover letter to get your next accounting job
Posted on

Introduction to Bookkeeping Basics: What’s a Journal Entry?

Journal entries and general ledger skills for bank reconciliation training courses in MYOB, QuickBooks and Xero

In our educational guide, Bookkeeping Beginner Basics, which you can download from the EzyLearn website for free, you’ll learn how to record journal entries in your accounting software, whether you’re using MYOB, Xero or QuickBooks. Most bookkeeping newbies don’t know what a journal entry is, though, which is what this blog post – the latest in our Bookkeeping Beginner Basics guide companion series – is going to help you to understand.

The journal vs. the general ledger

An accounting journal is the record that keeps accounting transactions in chronological order (i.e., as they occur), while the general ledger is a record that keeps accounting transactions by the account – see our previous post on the chart of accounts [Bookkeeping Beginner Basics: The Chart of Accounts] if you need help understanding what the term ‘account’ means in this context. Before computers, bookkeepers used to log all the financial transactions of a business in paper journals, and then at the end of the month transfer these journal entries into the general ledger, which was divided into various accounts that is now called the chart of accounts, and all the transactions were posted to these accounts using a method called double-entry bookkeeping.

Journal entries using accounting software

Today, however, accounting systems, such as MYOB, Xero, QuickBooks and the like, will automatically record most business transactions into the ledger immediately after the software prepares sales invoices, issues cheques to creditors, or processes receipts from customers, and as such you don’t have to create journal entries for most of your business’s transactions.

That being said, some journal entries still need to be processed, in order to record transfers between bank accounts and to record adjusting entries. You would need to make a journal entry, for example, at the end of each month to record depreciation or to record interest accrued on a bank loan.

Double-entry bookkeeping

If journal entries and general ledgers and the double entry bookkeeping method sound a bit too much, and you think you’d rather stick to the cash-based accounting method instead, prepare yourself for bad news: all businesses, whether they use the cash-based accounting method or the accrual accounting method, use double-entry bookkeeping to keep their books, and all accounting software applications, by default, are set up to adhere to the double-entry method, too. The double-entry bookkeeping method reduces errors and also ensures that your books balance, so as complicated as it may seem, it’s much easier in the long run.

If you still feel a little out of your depth, however, you can hire a reliable bookkeeper to manage your bookkeeping system and deal with all the journal entries and double-entry business for you, instead. Visit the National Bookkeeping website for to find a highly qualified bookkeeper whose experience and skills suit your business needs.

This blog post is part of our Bookkeeping Basics series, which are being published to complement our new educational guide, also titled Bookkeeping Beginner Basics, which you can download for free from the EzyLearn website.

Posted on

We’re using your resume bio to sell you as an accounting tutor

Part-time, casual & temporary accounting jobs like being an MYOB course tutor, Xero Course tutor - SideKicker compares with spotED for bookkeeping admin

I’ve written recently about our Accounting Tutor initiative and the response has been fantastic. EzyLearn Accounting Course students are AMAZING!

Our team has gone through dozens of resumes and been very impressed at the knowledge and experience of most of the applicants, but you’ll need to decide which one you like best.

Continue reading We’re using your resume bio to sell you as an accounting tutor
Posted on

Introduction to Bookkeeping Beginner Basics: The Chart of Accounts

We created a free educational guide, called Introduction to Bookkeeping Beginner Basics, which is available to download from the EzyLearn website, and to complement that guide, we’ve been publishing a series of blog posts, also titled Bookkeeping Basics. We’re now three posts in, and we’re going to be look at the chart of accounts, which is the foundational element of every business’s accounting system. The Bookkeeping Basics guide will take you through how to set up a chart of accounts in your accounting software, whether you’re using Xero, MYOB or QuickBooks, while this blog post is going to explain why it’s important.

What is a chart of accounts?

The chart of accounts (COA) is an organisational tool that lists every account in a business’s account system. In the context of bookkeeping, ‘account’ is used to refer to a unique record for each type of asset, liability, equity, revenue and expense. So a chart of accounts, then, is just a system that organises your finances so that your reports make more sense and you can easily see the financial health of your business.

A well-designed COA helps the business to comply with financial reporting standards, and should be flexible enough so that a business can tailor its chart of accounts to best suit its needs. Within the categories of operating revenues and operating expenses, for instance, the accounts might be further organised by business function or by company divisions. As such, a COA can be as large and as complex as the business itself.

Understanding your ‘accounts’

When you set up your chart of accounts, it will be organised the same way every other company does – your banks accounts come first, then all assets, liabilities, equity, income, and expenses in that order. Here’s what each of those accounts mean:

Assets:

Your accounts receivables are considered an asset, as is your income, but the two are completely different things. Accounts receivables are business claims against the property of a customer that’s occurred following the sale of goods and/or services, and income is what you have collected from the sale of those goods or services.

In other words, if you invoice a customer and give them time to pay, then that’s ‘accounts receivable’. When you collect the money and deposit it into your account, it’s ‘income’.

Learn about Accounts Receivables tasks in the Daily Data Entry Transactions courses for MYOB, Xero or QuickBooks Online.

Liabilities:

Liabilities are notes owed by the business. If you lease anything or you’re buying anything on credit – this includes suppliers who extend a line of credit to you – then it’s considered a liability.

Equity:

An equity account would be any equipment the company has paid for, or would receive money for if it is sold. Cars, machinery, and certain office equipment are all considered equity. If you had a loan on a business vehicle, the payments you make would be considered a liability, but the vehicle itself would be equity. Each time you make a payment, the liability goes down, while the amount of the equity account would increase. To keep your balance sheet accurate, you need to track both.

Expenses:

Finally, expenses are just that: the money paid by the business for the operation and production of goods and services that are paid for immediately. This includes things like stationery or fuel for a business vehicle, which are paid for at the point of sale, is an expense, where a telephone bill that allows you 14 days to pay, on the other hand, is a liability.

Why a chart of accounts is important

Whether you’re using an old fashioned pencil and paper, an excel spreadsheet, or more sophisticated accounting software, such as MYOB or Xero, it’s important to know where your money is coming from and where it’s going to. A chart of accounts is the organisational tool that allows you to do that. And it’s important to keep it up-to-date, so that, if for any reason, you want a picture of how your business is performing financially, your reports will be accurate.

This blog post is part of our Bookkeeping Basics series, which are being published to complement our new educational guide, also titled Bookkeeping Basics, which you can download for free from the EzyLearn website.