Outsourced Real Estate Accounting: A New Year's Resolution for your business
January 6, 2022

Do you have your 2022 resolutions mapped out for your business? Maybe it is time to rebrand? Update your website? Increase your online sales? May we suggest one you haven't considered? Or were apprehensive to consider? Outsourcing your finance and accounting duties to alleviate time and cost, allows you to focus on the more important aspects of the business.

Since its inception, SX Business Services has been helping our clients learn the value of outsourced real estate accounting. By allowing us to manage their finance and accounting practices, our clients have more time and money to dedicate towards company goals and other priorities of managing the business. By focusing on the other priorities of reaching company goals they are able to run a more successful business.

Outsourcing was a steady trend prior to the Covid-19 pandemic. However, the pandemic proved the strength in utilizing outsourcing for businesses, by allowing important functions of the business to continue without interruption from employee absence, or local restrictions. Outsourcing is a persistent and growing trend for businesses of all sizes, for a number of important reasons. There are many supporting functions in business that are required to keep a company operating, but the internal cost of having employees on the payroll in these roles is often not the best way to meet the need.

Real Estate Businesses that are equipped with an outsourced accounting solution are well positioned to keep financial operations running smoothly amid any interruptions; local restrictions; employee illness or death; vacation; maternity/paternity leave. The ability to be agile to meet the evolving demand will be a leading indicator of business growth and success. A trusted accounting outsourcing provider can help businesses remain agile and take advantage of economic opportunity.

Outsourced financial operations also provide organizations with a high degree of scalability. Not all outsourced accounting firms are the same. Outsourced accounting operations provided by a trusted partner can help position an organization to seamlessly deal with the complexities associated with running a business. The depth of services and collaboration found within a reputable service provider can help organizations modernize expertise, fast-track opportunities and improve synergies. Outsourcing through a firm with diverse knowledge and a depth of expertise can better position real estate businesses to navigate opportunities even in a remote work environment.

One of the most critical considerations when choosing a respected outsourced accounting provider is the firm’s technical expertise. A knowledgeable and competent partner can help business owners avoid having to wade through the abundance of new legislation and take advantage of accounting and finance opportunities being created through a volume of new rules, regulations, loan options and income tax changes. Businesses are relying on their trusted advisors’ know-how now more than ever.

The move toward technology-based communication has accelerated through programs like Skype, Teams and Zoom. These technologies have temporarily replaced face-to-face meetings with virtual meetings. Although there is still innate value associated with in-person meetings, it seems clear that technology-based communication is here for the long term. The finance and accounting outsourcing industry is experiencing a similar technological trajectory. Real Estate businesses already working with a trusted outsourced accounting provider are likely reaping the accounting, finance and communication benefits.

Real estate companies considering acquiring the benefits of real estate outsourced accounting should schedule a consultation today to discuss how SX Business Services can assist your business! 

SX Business Services Employee Spotlight: Edward Keogh, Accounts Payable Administrator

By Lindsay Van Kauwenberg • May 1, 2025
SX Business Services is proud to introduce our newest Accounts Payable Administrator, Ed Keogh. His first job out of school was in financial services in Dublin where he spent 7 years working in various roles in the branch. Originally from southwest Dublin, he emigrated to the US in 2003. Married for 22 years to his lovely wife Sue they share two sons together, Aodhan (18) and Ryan (12) and a beautiful love story. They met at a bar in Dublin one Wednesday night and hit it off immediately while she was travelling through Europe. After a week or two of dating they took a vacation together and before the trip ended, he asked her to marry him with only his Claddagh ring. The importance of family was instilled in Ed as he was raised in a small 3-bedroom house with his parents and 6 siblings. He tries to return to Ireland once a year and brings his family back when he can. He loves watching, playing, and coaching football (OK soccer) and has been a volunteer Treasurer for Norwood Youth Soccer since 2019. His favorite team is Manchester United, and his favorite US soccer team is the NE Revolution. Additionally, he enjoys woodworking and has a small woodshop in his basement at home. He and his wife have traveled extensively together through the years and have also brought their kids to places such as: Ireland (obviously), Mexico, Canada, Spain, and Dominican Republic. Once they find a place they like, they are known to go back. Ed in his own words: What do you like about working at SX so far? “I love how friendly everyone is since I only started last month. I love the collaborative spirit as well. I love the work, my team and everyone I have come into contact with here.”

SX Business Services Employee Spotlight: Jillian Palmieri, Property Accounting

By Lindsay Van Kauwenberg • April 17, 2025
SX was fortunate to welcome Jillian as a staff accountant in December of 2023, she was quickly and deservedly promoted to the position of Property Accountant a year later. She is a graduate of Suffolk University with a Bachelor of Science in Business Administration – with an accounting major and business management minor. Her father has been a business owner for 43 years and motivated her to garner the minor in business management to someday follow in his footsteps. Growing up in West Bridgewater, MA, she claims her summers were the best part of living there and enjoyed each season at the beach tanning away. She has two older siblings, one brother and one sister whom she is very close to. Her family had a black labrador for over 13 years and they miss her dearly. Someday she wishes to be home more to have the flexibility to adopt at least one dog again. She is looking forward to the opportunity to travel and has never really left the United States. Her family went to Niagara Falls on the Canada side when she was two… that counts right!!? A short list of dream locales to visit include Italy, Greece, Dubai, Hawaii, and any other tropical islands. Jillian – ‘In her own words’: Have you learned anything new as an adult that you didn’t experience as a child? I recently tried skiing for the first time, and I absolutely loved it. I gave my retired gymnast self-credit as it was easy to learn. I enjoy being active. If you could have any other job, what would it be? My dream job would be to own a busy coffee shop or café since my two prior years working at Starbucks gained me a coffee addiction. I would also like to open a business for mind/body health – such as a trampoline park to help people suffering from fibromyalgia/ being a fitness instructor/ and potentially help people further with their health through supplementation/diet. What do you like most about your job, and/or working for SX? I enjoy accounting especially ever since I got to SX – I have noticed great vibes since coming here, and everyone is super helpful. We really make a great team.

What factors to consider when choosing a real estate accounting software for your business

By Lindsay Van Kauwenberg • May 30, 2024
Choosing the best real estate accounting software for your business involves considering several factors to ensure it meets your specific needs. Here is a step-by-step guide to help you make the right choice: