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Xero, an easy-to-use accounting software package, boasts some 1.2 million users worldwide. Created in New Zealand, the cloud-based program has grown to dominate the accounting software market in Australia, New Zealand, and the U.K. Xero allows accountants and bookkeepers to link up with their clients online, giving up-to-date access to a client’s numbers. Pairing the program with accounting outsourcing professionals gives accounting firms a powerful system to service far more clients in far less time.
BOSS’ (Back Office Shared Services) overseas accountants and bookkeepers are already certified for all Australian and New Zealand accounting procedures. With the introduction of Xero, they now pursue a six-week induction program plus ongoing training that will allow them to interact with accountants or directly with individuals or businesses via Xero.
The virtual accountants can now take over a wide variety of accounting and bookkeeping tasks, freeing up immense amounts of time for their clients. Tasks covered by Xero include:
Accounting firms can set up and manage their practice through the software
Accepting contributions and rollovers
Code and reconcile cash transactions utilizing bank rules, cash coding, and bank feeds
Deductible expenses
Deducting prior years losses
Franking credit
Manage expenditures and accounts payable through expense claims, purchase orders, and bills
Manage sales and receivables with quotes and invoices
Personal service income
Run, customize, and share basic reports
SBE concessions
SBE pooling and UCA
Streamline daily work processes through automation tools
Superannuation reconciliation
Lee Court, BOSS’ Client Relationship and Marketing Manager, lays out BOSS’ plan: “The whole reason BOSS exists is to help accountants, businesses, and individual clients achieve their financial goals. For accounting firms, pairing Xero with outsource accounting professionals is a no-brainer.
The accounting itself becomes immensely easier for the firm, and all the number-crunching is handed over to a virtual accountant to handle at a fraction of the cost of hiring in-house staff members. The accountant provides much more information for each individual client to work with while at the same time offering the accountant more time to work on expanding his or her firm. And business owners and individuals get a simplified method to get their accounting done.”
To hire a virtual accountant visit www.boz.com.au
About Back Office Shared Services Pty Ltd (BOSS):
BOSS is an Australia-based accounting outsourcing provider that offers fixed fee services carried out by fully qualified accountants and bookkeepers to supplement accounting staff. Streamlining operations for accounting firms and business owners, every BOSS accountant is fully-trained in Australian accounting standards, Self-Managed Super Funds, tax procedures and law. All accounting outsource specialists work in BOSS’ overseas offices and never at offsite locations.
Release ID: 514979