1 / 22

Leading firms through the next generation of change™

Leading firms through the next generation of change™. Staff Training – September 3 rd. The New BOSS™ Model Tony Frigo Director of Technology Services. RootWorks.com. Learning Objectives. Define BOSS™ and New BOSS™ Differences from BOSS ™ hosted model Transitioning to the New BOSS™ model.

josie
Download Presentation

Leading firms through the next generation of change™

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Leading firms through the next generation of change™

  2. Staff Training – September 3rd The New BOSS™ Model Tony FrigoDirector of Technology Services RootWorks.com

  3. Learning Objectives • Define BOSS™ and New BOSS™ • Differences from BOSS™ hosted model • Transitioning to the New BOSS™ model RootWorks.com

  4. Learning Objectives • Differences from BOSS™ hosted model • Data Collection • Processing / Billing • Bank Rec • Exporting financial statements RootWorks.com

  5. Learning Objectives • Transitioning to the New BOSS™ model • Tips for lessening Learning Curve • Recommendations RootWorks.com

  6. What is BOSS™? • Back Office Support System • Collaborative bookkeeping & accounting model • Standardized processes • Options for various software solutions RootWorks.com

  7. What is BOSS™? RootWorks.com

  8. What is New BOSS™? • Focus on utilizing QBO • More relevant in the market place • Some differences in the process • NOT a good fit for payroll with paper checks • Not easy to import checks to QBO RootWorks.com

  9. Data Collection • Paper Delivery • Not ideal • Time consuming • Electronic Delivery • SmartVault – client scans • Bill.com – client scans RootWorks.com

  10. Data Collection - Differences • Paper • Extra steps • Electronic • SmartVault – No difference • Bill.com – No difference RootWorks.com

  11. Processing / Billing • Paper– scanned individually as bills are paid • Very time consuming • Opportunities for mistakes / hardware issues RootWorks.com

  12. Processing / Billing • Electronic • SmartVault • Online Banking • Paperchecks • Attach invoice to transaction • Requires addin for QB / QBO • Similar processes in QB / QBO RootWorks.com

  13. Processing / Billing • Electronic • Bill.com • Client scan and submits bills • Bookkeeper logs in to pay bills • Syncs to QB / QBO • Requires addin for QB / QBO RootWorks.com

  14. Processing / Billing - Differences • Paper • Unable to scan directly to transaction • Need to remove files from local computer • Auditor access is not easy • Not easy to download attachments in bulk • Electronic • SmartVault: • Better online banking sync RootWorks.com

  15. Bank Rec • Manual • Based off of a paper bank statement • Syncing • Common for issues / duplicates • Requires manual start RootWorks.com

  16. Bank Rec - Differences • Manual • If not connected to Financial Institutions • Syncing • Easier to sync • More commonly used • Uses Mint.com sync functionality RootWorks.com

  17. Exporting Financial Statements • Export Trial Balance to excel RootWorks.com

  18. Exporting Financial Statements - Differences • Additional formatting required for export • Editing in excel prior to import • Can cause errors if instructions not followed RootWorks.com

  19. Transitioning - Tips • Navigation • Setup bookmark bar in Chrome • Bank Rec • Setup financial institutions for sync RootWorks.com

  20. Recommendation • QBO Certification • (http://accountants.intuit.com/accounting/proadvisor/certification/get-certified/get-certified.html) • Cloud Pro Advisor • FREE • Pro Advisor • Fees involved RootWorks.com

  21. Summary of Differences • QBO instead of QB • Difference in excel export to ACS • Easier syncing with financial institutions • NOT a good fit for payrolls with paper checks RootWorks.com

  22. Leading firms through the next generation of change™

More Related