Maintaining an accounting department, whether one person or 20 people, is not only expensive but also technically challenging. Most of our clients recognize they are not equipped technically to face such a challenge. However, they realize the value an accounting department contributes to their business. BOSS accounting services aids in this dilemma.
BOSS utilizes SAP Business One, the renowned small and medium size business accounting software, as your accounting backbone.
Our clients realize that it is neither their specialty nor an effective use of their time to spend maintaining or managing the accounting department. However, most feel that it is part of the overall “control” of the business and they need to be a part of that control. BOSS continues to provide this control to our clients, yet aid them in the transactional and management piece of day to day accounting.
What We Do
It is ideal that BOSS manages the complete accounting process for our clients. Effective accounting departments function as a team: cash management, payables, receivables, payroll, general ledger and management reporting. We believe that separating any one component from the others may be cost-effective and can be done, but in the long run is potentially inefficient. Ideally, we would provide services to all functions within the accounting department, from processing day-to-day transactions to managing the department, providing both cost effectiveness but also processing efficiency.
However, we recognize that some clients may already have an established infrastructure that is currently working well, and may only need assistance in certain areas. BOSS can work with your existing team to perform specific functions within the your accounting department in the following areas:
- Payables & Receivables
- Billings and Collections
- General Ledger Management
- Management Reporting & Analysis
- Cash Management
How We Do It
In situations where we are engaged to perform the entire accounting functions, our clients understand that this is a long-term commitment for both parties. Understanding this, BOSS spends a considerable amount of time with a commitment to learning our client’s business. We customize an implementation plan specific to each client and partner with necessary staff to implement such plan. The process takes between 2-4 months, depending on the complexity and size of our clients. However, we expect return on investment within 6-9 months of complete implementation.
Our clients are equipped with the latest, simplest, and most flexible accounting system in the world, SAP Business One. This software is cloud based so there is no infrastructure cost for our clients. Clients do not pay ongoing update cost, consulting cost, or management cost. There is no upfront or ongoing IT personnel cost either.
Typical Implementation Process
|Review & Understand Current Process|
|Perform Current Process||Understand Current Process||2 Weeks|
|Mapping & Development|
|Establish & Train New Process||Develop & Map to SAP||2 – 4 Weeks|
|Test New Process||Run & Monitor Parallel with Old Process||2 – 4 Weeks|
|Monitor New Process||Perform Process||Ongoing|