Archive for the ‘MYOB Courses’ Category.

MYOB Training – Classroom vs Online

What a decision! How do you choose whether to enter the classroom physically or spiritually?

Some of us have not been to class of any kind since we left school behind those many moons ago. It can be a daunting experience heading back into the classroom for some and for some it’s just a matter of time constraint.

Ok, so down to the pros and cons!

MYOB classroom training is usually accessed by adults wanting further education and therefore there should be none of that old feeling of teacher/student hierarchy.  MYOB Instructors are just that, instructors or trainers, and it is their job to get you through the course without making you feel that you are back in that old style school where you were not an equal.  Trainees, as we call our students, are seen as people looking to further their education and therefore want to be learning.  This always makes everyone’s job easier.

MYOB training in a classroom atmosphere can be extremely rewarding and fun. You have others that you can share the experience with, learn about more than just MYOB, network with others in diverse business situations, and hear different scenarios from the other trainees on their business practices.  All of these things are extremely educational for your own business and all you had to do was attend a MYOB classroom training session.

MYOB classroom training is usually done in day blocks over a short period of time, for example 2 full days or 4 nights. So if time is of the essence, this should be one of your considerations.

Now, to MYOB Online training.

Online training can be a cheaper experience than classroom training, but not always so. There are no rooms, computers or trainers to be paid for and therefore the costs to the Training Company should be minimal.  So do your research before you commit to either scenario.

You can work at your own pace with online MYOB training, (which is fine if you are not like me and leave everything until the final deadline!) and at your own time to complete your course. So if you are a night owl there is no problem with accessing training at 2 o’clock in the morning although there could be problems accessing help at that time.

Work is submitted and assessed usually through an online portal, where you can also chat to others on the forum if help is needed. Getting visual/written help should be one of the keys to look for when you are assessing what type of course would suit yourself.

You do study with some anonymity which for some people is a bonus and others it’s a pitfall.

In summary, I suppose it all comes down to the trainee; give me 2 years to finish a course and no supervision and that’s how long I will take, or put me in a classroom and give me a timeframe and I’ll get the job done.

why should business owners understand MYOB?

In the very busy world of running your own business it seems that you are now also expected to be the bookkeeper as well.  Sometimes we have no choice especially when we first start out, but a wise man once said “In the business world, everyone is paid in two coins:  cash and experience.  Take the experience first; the cash will come later.  ~Harold Geneen”.

With this in mind, why would you choose not to at least understand MYOB, or any other software package you choose to keep track of your business financials? As a small business owner myself, with a young family, I understand the pressures of just getting through the day to day work load without having to extend myself to extra training. I had to learn to use the computer, the internet, email, so having to learn the MYOB software was just daunting. But I have seen the need, done the MYOB training, and am reaping the rewards through being able to see the trees before the forest.

Why start a business in the first place?

I could have quite easily gone out to work for someone else and at the end of the day, left my troubles behind and headed home with money in my pocket.

I wanted the challenge and I had something I knew I could sell. Is that enough though? No, all business owners need to take responsibility for their business and there are so many responsibilities that we need to undertake.  Customers, Suppliers, Employees, Taxation, GST, Government Legislation, Work cover, Licenses, Equipment, Leases, Loans and the list goes on.

Having said that, why do we always seem to leave the financials of running a business to last? It’s really the most important part and getting to understand the financial side should be a first priority.  So many people say to me I have an accountant to do that stuff, but they only see him once a year if lucky, or they have a bookkeeper to do all the data entry and trust that that person is doing the right thing. I have had clients over the years (who because they didn’t know how to use their own software) have lost their businesses due to misappropriated funds by the bookkeeper. Not that I am saying all bookkeepers are dodgy, by all means they can be a massive asset to the business, it’s just that you as the owner are taking the risk and therefore should be educated.

I say get some MYOB training, even if it’s just the basic understanding of being able to read the reports generated by the software. You will find that the time spent in learning your MYOB software will repay you many times over and your business will benefit from your training and skills.

Why I should learn MYOB?

Business owners by law have to take responsibility for the tax implications of their business.  One way that can help the business owner is to have at least an understanding of the program running their business.  We all know that being uninformed is not an acceptable excuse in the business world.

MYOB software is an easy to use and navigate program once you have learned the basics.

MYOB training for beginners is a great place to start.  In the MYOB short course for beginners you will learn how to enter simple transactions, the importance of reconciliations and manoeuvring through the required reports for the day to day running of your business.

Double entry bookkeeping used to be a scary notion, but with MYOB training we can show you that one transaction can do the job, which accounts if affects and why. Someone famous once said “education can set you free”, and with an MYOB short course for beginners you will be well on your way.

A MYOB short course for beginners will take only a small amount of time away from your core business but will enhance your knowledge to allow you the scope to build a better business management style.

Even if you do not have the time to enter the transactions yourself, you should as a responsible business owner, at least be able to understand and check the reports, after all you are the one signing off on the documents to the tax office that all is true and correct.

Many business owners use a bookkeeper to control the day to day financial data entry of their business, but how do you know that the bookkeeper is doing it correctly or accurately? With your own MYOB training you will at least be able to check from time to time and satisfy yourself that the job is being done properly.

MYOB short courses for beginners are designed for the true beginner who has absolutely no idea of where to start and they are fun!

What is the right MYOB Course for me?

Decided you need to update your skills? Looking to enrol in a MYOB course? Before beginning your research, consider the following five elements to ensure you choose the MYOB courses that is right for you.

Element 1 - The “Cost” Factor

Prices usually play a large role in our decision making. Avoid automatically choosing a course because it has the cheapest price, you may come to realise that you only get what you pay for! But, do not go the other way and choose the course that is most expensive, assuming that if you’re paying top dollar you will receive top MYOB training. It is important to do a lot of research when it comes to cost - find out what is offered for the price.

Element 2 - The “Time” factor

It is vital that you consider the duration of the course during your research. Is taking three or four days out of your busy week really viable? Look for providers who are flexible, who may offer weekend or night courses as well as day courses, and who offer course hours that still allow you to pick up the kids from school! Also, try to avoid “learn-it-in-a-day” courses. These usually involve a lot of “cramming” and you will often find that you were unable to retain majority of the information, and frequently include “take home work”.

Element 3 - The “Content” Factor

Get the specifics on the content covered in the course. This will enable you to decide if the course will meet your needs. Compare course content between providers - this will also assist you to determine appropriate prices and duration. Also establish the teaching methods to ensure that they coincide with your preferred learning style.

Element 4 - The “Venue” Factor

Where possible, make an effort to go and view the venue where the course is conducted. It is important that you feel comfortable in order to get the most out of your MYOB training. Try to choose a venue with limited seats, ensuring that you gain maximum learning opportunity and have undemanding access to one-on-one assistance from the trainer.

Element 5 - The “Inclusions” Factor

Do you get a certificate upon completion? How about a manual, a test drives CD or any on-going support? Things that will be of use to you after the completion of the course are good inclusions. “Lunch provided on the day” will generally have been added to the course cost. A certificate is something you should make sure you receive without a doubt - this is the proof of the skill you have gained and your ticket to advancing in the workplace. Training manuals or on-going support ensure that you have somewhere to turn if you hit a MYOB snag in the future. MYOB test drive CD’s allow you to practice and revise what you have learnt at your own leisure.

Remember to assess your needs, research and compare providers and think about these five elements before deciding whether a MYOB course is right for you.