Leading firms through the next generation of change™
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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.

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Leading firms through the next generation of change™

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Leading firms through the next generation of change

Leading firms through the next generation of change™


Staff training september 3 rd

Staff Training – September 3rd

The New BOSS™ Model

Tony FrigoDirector of Technology Services

RootWorks.com


Learning objectives

Learning Objectives

  • Define BOSS™ and New BOSS™

  • Differences from BOSS™ hosted model

  • Transitioning to the New BOSS™ model

RootWorks.com


Learning objectives1

Learning Objectives

  • Differences from BOSS™ hosted model

    • Data Collection

    • Processing / Billing

    • Bank Rec

    • Exporting financial statements

RootWorks.com


Learning objectives2

Learning Objectives

  • Transitioning to the New BOSS™ model

    • Tips for lessening Learning Curve

    • Recommendations

RootWorks.com


What is boss

What is BOSS™?

  • Back Office Support System

    • Collaborative bookkeeping & accounting model

    • Standardized processes

    • Options for various software solutions

RootWorks.com


What is boss1

What is BOSS™?

RootWorks.com


What is new boss

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


Data collection

Data Collection

  • PaperDelivery

    • Not ideal

    • Time consuming

  • Electronic Delivery

    • SmartVault – client scans

    • Bill.com – client scans

RootWorks.com


Data collection differences

Data Collection - Differences

  • Paper

    • Extra steps

  • Electronic

    • SmartVault – No difference

    • Bill.com – No difference

RootWorks.com


Processing billing

Processing / Billing

  • Paper– scanned individually as bills are paid

    • Very time consuming

    • Opportunities for mistakes / hardware issues

RootWorks.com


Processing billing1

Processing / Billing

  • Electronic

    • SmartVault

      • Online Banking

      • Paperchecks

      • Attach invoice to transaction

        • Requires addin for QB / QBO

        • Similar processes in QB / QBO

RootWorks.com


Processing billing2

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


Processing billing differences

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


Bank rec

Bank Rec

  • Manual

    • Based off of a paper bank statement

  • Syncing

    • Common for issues / duplicates

    • Requires manual start

RootWorks.com


Bank rec differences

Bank Rec- Differences

  • Manual

    • If not connected to Financial Institutions

  • Syncing

    • Easier to sync

    • More commonly used

    • Uses Mint.com sync functionality

RootWorks.com


Exporting financial statements

Exporting Financial Statements

  • Export Trial Balance to excel

RootWorks.com


Exporting financial statements differences

Exporting Financial Statements - Differences

  • Additional formatting required for export

  • Editing in excel prior to import

    • Can cause errors if instructions not followed

RootWorks.com


Transitioning tips

Transitioning - Tips

  • Navigation

    • Setup bookmark bar in Chrome

  • Bank Rec

    • Setup financial institutions for sync

RootWorks.com


Recommendation

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


Summary of differences

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


Leading firms through the next generation of change

Leading firms through the next generation of change™


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