sx-business-services

Transform Your Real Estate Operations with Yardi & Bottomline Accounting Solutions

Tue, 14 Apr 2026 13:52:32 GMT

Are you looking to take your real estate business to the next level with seamless accounting solutions? Look no further! �� Choosing the right real estate accounting software can transform your operations—and it starts with understanding your unique business needs.

At SX Business Services, we specialize in Yardi and Bottomline systems implementation and support, tailored specifically for real estate businesses like yours.

�� What Are Yardi & Bottomline Systems?

�� Yardi
Yardi is a full-scale real estate management and accounting platform designed specifically for property operations. It centralizes leasing, GAAP-compliant accounting, CAM reconciliation, budgeting, maintenance, and reporting in one integrated system—making it a trusted solution for property managers, accountants, controllers, and real estate investors.
It helps track rent, leases, expenses, vendor bills, and property-level performance with automation that reduces manual tasks and improves accuracy.

�� Bottomline (AP Automation for Real Estate) – Formerly Nexus
Bottomline provides advanced accounts payable (AP) automation built for real estate. It digitizes the entire invoice‑to‑pay workflow, automating invoice processing, approval routing, supplier payments (including virtual cards and ACH), and procurement—while integrating seamlessly with major property management systems and general ledgers.
It streamlines AP processes, reduces manual entry, enhances visibility, and accelerates month-end closes with real-time invoice data and customizable workflows.

�� Here's how we ensure you make the right choice:

1. Identify Your Needs:
We work closely with you to understand your accounting processes—from basic bookkeeping to complex multi-property management.

2. Scalability:
Whether you manage a few properties or a large portfolio, Yardi and Bottomline solutions scale effortlessly as you grow.

3️. Seamless Integration:
Our implementation ensures both systems integrate smoothly with your existing tools, minimizing manual work and maximizing efficiency.

4️. Cloud-Based Convenience:
Access your data anytime, anywhere, with secure cloud-based platforms and automatic updates.

5️. Feature-Rich Functionality:
From lease management and tenant billing (via Yardi) to automated invoice processing and e-payments (via Bottomline), we equip you with powerful tools at every step.

6️. User-Friendly Interface:
Both systems offer intuitive interfaces that reduce onboarding time and improve productivity.

7️. Robust Reporting:
Generate comprehensive financial reports, gain insights, and support data-driven decisions.

8️. Compliance & Security:
Yardi supports GAAP-compliant workflows, and Bottomline enhances AP fraud protection and audit-ready tracking.

9️. Unmatched Support:
Our team walks with you every step of the way—implementation, training, troubleshooting, and optimization.

10. Cost-Effective Solutions:
Choose from competitively priced setups that deliver maximum value without compromising features or support.

�� Ready to transform your real estate operations?
Contact us today to explore how Yardi and Bottomline can streamline your accounting, boost efficiency, and support smarter growth.

Let’s drive your success together! ��

5 Costly Accounting Mistakes in Rental & Leasing—and How Outsourcing Can Save You

Thu, 22 Jan 2026 17:27:15 GMT

Managing rental properties and leasing agreements is no small feat. Between tenant payments, maintenance costs, and compliance requirements, even minor accounting mistakes can lead to major financial consequences. Unfortunately, these errors are more common than you think—and they can cost property managers thousands in lost revenue, penalties, and inefficiencies.

Here are five common accounting mistakes rental and leasing companies make—and why outsourcing your accounting could be the smartest move for your business.

1. Mismanaging Security Deposits

Security deposits are subject to strict state regulations. They must be properly recorded, held in separate accounts, and returned within legal timeframes. Misallocating these funds or failing to track them accurately can result in legal penalties, tenant disputes, and reputational damage.

Example: A property manager accidentally uses a tenant’s security deposit for operating expenses. When the tenant moves out, the funds aren’t available—leading to legal action and fines.

2. Inaccurate Rent Tracking

Late payments, partial payments, and rent increases can easily cause errors in your books. Missing even one entry can throw off cash flow and make financial reporting unreliable. This often leads to incorrect budgeting and missed opportunities for growth.

Impact: Poor rent tracking can result in underreported income, making your financial statements inaccurate and potentially causing tax issues.

3. Overlooking Maintenance Expense Allocation

Property maintenance costs often get lumped together or misclassified. This can distort your profit margins and lead to incorrect tax deductions. For multi-unit properties, failing to allocate expenses properly can make it impossible to assess which units are profitable.

4. Failure to Reconcile Escrow and Operating Accounts

Rental businesses often manage multiple accounts for deposits, operating expenses, and reserves. Skipping reconciliations can allow discrepancies—or even fraud—to go unnoticed. Regular reconciliation is essential for catching errors before they spiral out of control.

5. Ignoring Compliance and Tax Rules

Rental income is subject to specific tax regulations, and mistakes in reporting can trigger audits or fines. Many companies also fail to properly account for depreciation on rental properties, missing out on significant tax benefits.

Why Outsourcing Is the Solution

Outsourcing your accounting to professionals who specialize in property management offers key advantages:

Industry Expertise: Outsourced teams understand rental-specific regulations and best practices.
Improved Accuracy: Reduce costly errors in rent tracking, deposits, and expense allocation.
Cost Savings: Avoid hiring full-time staff and reduce overhead.
Scalability: Easily handle growth as you add more properties.
Peace of Mind: Stay compliant and focus on tenant satisfaction instead of spreadsheets.

Bottom Line

Simple accounting mistakes in rental and leasing operations can cost thousands in lost revenue, penalties, and inefficiencies. Outsourcing ensures accuracy, compliance, and financial clarity—so you can focus on growing your portfolio.

Ready to eliminate costly mistakes and streamline your accounting? Contact us today to learn how outsourcing can transform your rental business.

What to Look for When Choosing an Outsourced Real Estate Accounting Firm

Wed, 09 Jul 2025 14:56:21 GMT

Choosing the right outsourced accounting partner requires a careful evaluation of several key factors.

In the real estate industry, accurate and timely financial management is essential for making informed investment decisions, maintaining compliance, and driving long-term profitability. For many real estate businesses, whether property managers, developers, or investors—outsourcing accounting functions can be a smart, cost-effective move. However, not all accounting firms are created equal, especially when it comes to real estate.

1. Industry-Specific Expertise

The real estate sector has its own complex accounting requirements, including revenue recognition, lease accounting, property depreciation, and compliance with local, state, and federal tax laws. Look for a firm that specializes in real estate accounting and has experience working with businesses similar to yours, whether that's residential, commercial, multifamily, or mixed-use properties.

Key questions to ask:

Do you have clients in the real estate industry?
Are you familiar with 1031 exchanges, CAM reconciliations, and lease abstraction?
Can you handle real estate-specific reporting and tax filings?

2. Technology and Software Capabilities

Modern accounting is powered by technology. The right firm should be proficient with leading real estate accounting software like Yardi, AppFolio, QuickBooks, MRI Software , or Nexus . They should also be able to integrate with property management platforms and provide secure access to your financial data.

Look for:

Cloud-based solutions with real-time access to reports
Experience with your preferred accounting platform
Data security measures and backup protocols

3. Scalability and Flexibility

Your accounting needs will evolve as your portfolio grows. The firm you choose should be able to scale services up or down as needed, whether you are acquiring new properties, launching a development project, or winding down an asset.

Consider:

Can they handle seasonal or transaction-based fluctuations?
Do they offer a range of services, from à la carte to full CFO-level support?
Is there flexibility in pricing and contract terms?

4. Reporting and Financial Analysis

Beyond basic accounting, your firm should deliver customized financial reports that help you track performance, manage cash flow, and plan strategically. This includes budget vs. actual reports, rent rolls, vacancy reports , and portfolio-level analysis .

You will want:

Timely, accurate monthly and quarterly reports
KPIs and dashboards tailored to your goals
Clear, actionable insights—not just numbers

5. Communication and Responsiveness

Good communication is critical when you are entrusting someone with your financials. You want a firm that is accessible, responsive, and initiative-taking in their approach.

Ask about:

Turnaround times for questions or deliverables
Designated point of contact or team structure
Communication tools used (e.g., email, client portals)

6. Reputation and References

Finally, reputation matters. Look for testimonials, reviews, and case studies that highlight the firm’s strengths. Do not hesitate to ask for references from other real estate clients.

Evaluate:

Online reviews (Google, Clutch, Trustpilot)
Client case studies demonstrating measurable results
Length of client relationships (long-term clients are a good sign)

Final Thoughts

Outsourcing your real estate accounting can free up valuable time, reduce overhead costs, and provide access to specialized expertise—if you choose the right partner. Take the time to assess potential firms across these criteria, and you will find a partner who not only manages your numbers but helps you grow your business strategically.

If you are ready to explore outsourced real estate accounting, create a checklist based on the points above and reach out to us at SX Business Services . We are happy to answer all your questions and take the first steps in building a long and profitable partnership.

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

Thu, 01 May 2025 15:47:05 GMT

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

Thu, 17 Apr 2025 14:09:34 GMT

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

Thu, 30 May 2024 18:48:12 GMT

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:

1. Identify Your Needs: Understand your business requirements and the specific accounting tasks you need the software to handle. This could include basic bookkeeping, property management, budgeting, reporting, or tax compliance.

2. Scalability: Consider the scalability of the software. Will it be able to accommodate your business as it grows? Ensure that the software can handle an increase in transactions, properties, and users if needed.

3. Integration: Check if the software integrates seamlessly with other tools or software you already use, such as property management systems, CRM software, or tax preparation software. Integration can streamline your workflow and reduce manual data entry.

4. Cloud-Based vs. On-Premises: Decide whether you prefer cloud-based or on-premises software. Cloud-based solutions offer accessibility from anywhere with an internet connection and often come with automatic updates and backups. On-premises software might offer more control over data but requires infrastructure and maintenance.

5. Features and Functionality: Look for features tailored to real estate accounting, such as lease management, CAM (Common Area Maintenance) reconciliation, tenant billing, rent tracking, and expense tracking by property or unit.

6. User-Friendliness: Choose software that is intuitive and easy to use. A user-friendly interface will save time on training and reduce the likelihood of errors.

7. Reporting Capabilities: Consider the reporting capabilities of the software. Can it generate the financial reports you need, such as profit and loss statements, balance sheets, cash flow statements, and rent roll reports?

8. Compliance and Security: Ensure that the software complies with relevant accounting standards and regulations, such as GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards). Also, prioritize security features to protect sensitive financial data.

9. Customer Support: Evaluate the level of customer support provided by the software vendor. Prompt and reliable support can be crucial when you encounter issues or need assistance with the software.

10. Cost: Compare the pricing plans of different software options, considering factors such as subscription fees, setup costs, additional user fees, and any hidden charges. Choose a solution that fits your budget while providing the necessary features and support.

11. Reviews and Recommendations: Read reviews from other real estate professionals and seek recommendations from peers or industry associations. Their insights can help you gauge the software's reliability and suitability for your business.

By carefully considering these factors and conducting thorough research, you can select the best real estate accounting software to streamline your operations and drive the success of your business. Are you interested in learning more about real estate accounting software from a reliable professional? Contact us today to learn more.

How outsourcing your real estate accounts payable department can help your business

Thu, 30 May 2024 18:40:58 GMT

In real estate, the accounts payable (AP) department functions similarly to AP departments in other industries but with some distinct differences due to the nature of real estate transactions and operations. Here are a few ways in which an accounts payable department in real estate might differ:

Volume and Complexity of Invoices: Real estate companies often deal with a high volume of invoices from various vendors, including contractors, suppliers, utility companies, property management firms, and more. These invoices can vary significantly in terms of complexity, such as invoices for property maintenance, repairs, renovations, leasing expenses, property taxes, and utility bills. As such, the AP department in real estate needs to efficiently process a diverse range of invoices while ensuring accuracy and compliance.

Property-specific Expenses: Real estate companies typically manage multiple properties, each with its own set of expenses. The AP department must track and manage property-specific expenses, such as maintenance and repair costs, property taxes, insurance premiums, and utilities. This requires robust accounting systems and processes to allocate expenses accurately to the appropriate properties and projects.

Vendor Relationships: Building and maintaining strong relationships with vendors are crucial in real estate. The AP department may work closely with vendors to negotiate payment terms, resolve billing discrepancies, and ensure timely payments. Additionally, real estate companies often rely on long-term relationships with contractors, suppliers, and service providers, so the AP department plays a key role in fostering these relationships to ensure smooth operations.

Compliance and Regulations: Real estate transactions and operations are subject to various regulatory requirements and compliance standards, which can vary by jurisdiction. The AP department must stay updated on relevant regulations related to taxation, leasing, property management, and other aspects of real estate finance. Compliance with regulations such as lease accounting standards (e.g., ASC 842) and tax laws is essential to avoid penalties and ensure accurate financial reporting.

Budgeting and Forecasting: Real estate companies typically have extensive budgets and financial forecasts that the AP department contributes to by providing data on expenses and payables. This may involve analyzing historical spending patterns, projecting future expenses, and collaborating with other departments, such as finance and asset management, to develop accurate budgets and forecasts.

Overall, while the core functions of an accounts payable department remain consistent across industries, the unique characteristics of the real estate sector necessitate specific skills, processes, and expertise to effectively manage payables and support the financial health of the organization.

If you have any questions about how SX Business Services can assist you with your outsourced accounts payable needs, please reach out today!

SX Business Services Employee Spotlight: Nicole Bui, Senior Treasury & Accounts Receivable Analyst

Wed, 28 Feb 2024 20:42:23 GMT

Nicole Bui, Senior Treasury & Accounts Receivable Analyst

Nicole joined SX Business in May of 2023 in the position of Senior Treasury and AR Analyst. She has a degree from Pine Minor College in Chestnut Hill where she acquired her BA in Business Management and a minor in Accounting.

She started her career in Accounts Payable at Total Learning Concept in the Back Bay of Boston. After TLC closed down, she transitioned to its sister company Digitas in Downtown Boston. After spending a few years at Digitas, first in AP, as a Finance Coordinator, then promoted to Finance Analyst/Accountant in the General Ledger Accounting group she eventually she got into Property Accounting at Peabody Properties (Residential) as an Accountant. After 4 and 1/2 years at PPI, she moved onto Grossman Companies (Commercials) as a Sr. Accountant. Her career pivoted shortly after the birth of her son. These previous roles required lots of overtime during month-end and year-end, so she desired a position with better work/life balance and thought a Treasury role would be a good fit.

Nicole is originally from Vietnam. She and her family moved to the US in 1992 and resided in Plainville, MA before moving to San Diego. They later moved back to Massachusetts and lived in Dorchester then Randolph. She is the youngest child out of two and has an older brother. In 2017 she got married to NiMan. In 2019, they welcomed Nixxan, their one and only child. They currently reside in Easton with her parents and older brother. With all three generations under one roof, life is always exciting!

If there is any opportunity to relax, Nicole likes to watch crime/investigation and Real Housewives TV shows.

What do you like most about your job, and/or working for SX?

I decided to pivot my career away from accounting last year and found SX. It was the best decision yet. I was seeking work/life balance and I found it here. Having an understanding manager and laid-back company culture are a bonus also!

If you could have any other job, what would it be?

If I were not working in Finance, I would work in luxury retail such as Chanel, Hermes, Louis Vuitton, etc. My friends said I would make a good sales associate. I love to shop so it is naturally fitting that I work in the retail business.

SX Business Services Employee Spotlight: Kristen Peters, Accounts Payable Administrator

Wed, 28 Feb 2024 20:38:18 GMT

Kristen Peters, Accounts Payable Administrator

When Kristen is not working at SX as an AP Administrator, you can find her spending time with her very active 15-year-old twins enjoying the outdoors and camping. Or at her second job tending bar. “I am very outgoing and love meeting new people. I have been a bartender for the last 15 years and I really enjoy talking to different people and getting to know their stories.”

The oldest of four girls, Kristen grew up in Walpole and Foxborough. After graduating from Foxborough High School in 1999, she went to Northeastern for pre-law and obtained her para-legal certificate. Her first Job was at her family’s day care/summer camp. She spent most of her young adult life taking care of children. What she enjoyed most about teaching pre-k was watching them grow and learning new things. That is where she met some of her closest friends that she still has today! They went on lots of camping trips and field trips with the camp which is where her love for the outdoors came from. Kristen also loves to read and was frequently seen even reading in class. Immediately before working at SX, she worked for the town offices in Wayland for six and a half years. After meeting owner and CEO John Fleming, she came to work in 2022 and is so glad to have found SX!

What has been your experience so far at SX Business?

I really enjoy the team of people I work with here at SX! I enjoy multitasking and problem solving. It sounds a bit crazy, but I love being busy. That is why I enjoy all the different things I do here. I like learning new skills and developing the ones I already have. We have a very supportive and understanding team here and that is a rare find.

What is your dream job?

I went Northeastern for pre-law. I would love to go back to school to finish becoming a lawyer. My dream is to become a Judge.

The Benefits of Utilizing Outsourced Accounts Payable Services

Thu, 24 Aug 2023 14:16:52 GMT

Introduction

In today's fast-paced business environment, companies are constantly seeking ways to enhance operational efficiency, cut costs, and improve their bottom line. A strategic approach that has gained traction is the outsourcing of accounts payable (AP) services. Outsourcing AP functions involves delegating responsibilities related to invoice management, vendor payments, and associated tasks to external service providers. This article delves into the advantages that businesses can leverage by adopting outsourced accounts payable services.

Economical Advantage

Opting for outsourced accounts payable services can significantly affect a company's financial standing. Running an in-house AP department demands substantial investment in terms of personnel, technology, infrastructure, and ongoing training. By outsourcing, organizations can offload these expenses to specialized providers who can capitalize on economies of scale. This often translates to reduced overheads and labor costs, allowing companies to redistribute resources more strategically.

Heightened Precision

The accuracy of the accounts payable process is of paramount importance. Errors can lead to late payments, strained vendor relationships, and even regulatory non-compliance. Outsourced AP services typically incorporate cutting-edge technologies and skilled professionals who are well-versed in handling invoices and payments with precision. Automated tools like optical character recognition (OCR) and machine learning contribute to the meticulous processing of invoice data, moderating the risk of human mistakes and ensuring unimpeachable record-keeping.

Enhanced Efficiency

Outsourced accounts payable services are designed to optimize the entire AP cycle. They often employ streamlined workflows, digital document management systems, and automated approval procedures. These advancements expedite invoice processing, minimize bottlenecks, and overall enhance the efficiency of the accounts payable process. Quicker processing translates to prompt vendor payments, fostering healthier vendor relationships and potential discounts for timely settlements.

Access to Expertise

The world of accounts payable is subject to dynamic regulatory changes, tax codes, and compliance standards. Managing these complexities can be intricate for companies without dedicated expertise. Outsourced AP service providers specialize in industry best practices and stay abreast of regulatory shifts. By collaborating with these experts, organizations can ensure their AP processes remain compliant, thereby mitigating the risk of penalties and legal entanglements.

Focus on Core Competencies

Outsourcing non-core functions, like accounts payable, enables enterprises to concentrate on their core business activities. By entrusting routine AP tasks to external professionals, internal teams can channel their time and efforts into strategic initiatives that drive growth, innovation, and competitive edge. This change in focus often translates into improved overall performance and increased stakeholder value.

Scalability and Flexibility

Companies often experience fluctuations in their AP workload due to seasonal patterns, expansion, or market dynamics. Outsourced accounts payable services offer the flexibility to adjust operations based on these instabilities without the need to hire or reduce staff. This adaptability ensures that AP processes remain streamlined regardless of the company's size or circumstances.

Conclusion

The utilization of outsourced accounts payable services, such as SX Business Services, stands as a strategic choice for businesses looking to optimize their financial processes. From financial savings and heightened precision to improved efficiency and access to specialized knowledge, the benefits of outsourcing AP functions are diverse. By entrusting our expert staff with the management of invoices, vendor payments, and compliance requirements, companies can achieve superior operational efficiency, enabling them to focus on their core strengths and strategic advancement.

SX Business Employee Spotlight: Debora Bridges, Accounts Payable Administrator

Tue, 14 Feb 2023 18:23:05 GMT

She was born in Savannah, Georgia and moved to Easton at 4 years old. According to her uncles she grew up a Yankee. She met her husband in high school, but they didn’t begin dating until they were 20 and now have been married for 32 years! They raised a beautiful family with 4 daughters in Foxboro, MA. They currently have three grandchildren.

Deb played soccer at North Adams State (now called Massachusetts College of Liberal Arts) where she received her business degree. She passed along her athleticism to her offspring. All four of her daughters played college sports: Cory competed in Gymnastics @ RIC, Kayla played Soccer and Lacrosse at Fitchburg State, Emma was on the Swim Team at UMBC, Annika was on the Diving Team at UMBC.

For fun, she likes to hike, kayak and ski. There are 11 years between her eldest and youngest children. The vacations that made all ages happy were trips to the beach, Disney, and skiing.

Her past jobs have always been in finance. She previously worked for a financial planner, an events company and an apartment management company. The similarities between her previous jobs and her responsibilities at SX made for an easy transition.

What has been your experience so far at SX Business?

On my very first day here at SX people made me feel welcome. SX is a very friendly environment, people work well together, everyone is approachable and willing to help where needed.

SX Business Services Employee Spotlight: Elizabeth LaFortune, Staff Accountant

lvkauwenberg@sxbusiness.com (Lindsay Van Kauwenberg) — Thu, 26 Jan 2023 15:51:17 GMT

Liz joined SX in March of 2022 as a Real Estate Staff accountant. Shortly after she graduated with a Master’s in Accounting from Suffolk University in May of 2022.

The youngest of three, she grew up with her older brother and sister in a suburb of Kansas City on the Kansas side. She attended boarding schools in Georgia and Vermont but after graduation from school she decided she wanted to live closer to Boston. There she attended Endicott College and graduated in 2005 with a Bachelor’s in Psychology and a Minor in Literature.

Her first job was working at a residential home for at risk adolescents where she became a Shift Supervisor. Her next job was working as a protective service worker for the elderly community of Massachusetts. In that role, she investigated allegations of abuse. After years of working in this capacity, she became interested in owning her own business and decided to study Accounting. This avenue of study helped Liz to see the world with a whole new understanding.

In her downtime, you will often find her out and about, where she likes to strike up conversations with anyone who will talk to her. She is an altruistic person and is known to make friends anywhere she goes. Liz enjoys talking and listening to people as it helps her to see the world through a different perspective. She believes that everyone has something to learn (and teach) from everyone they meet.

Liz is also an avid reader and like books that help to expand her mindset. Once she finds a topic, she is interested in learning about she will find and read any book that might help her to better understand that subject.

What do you like most about your job?

I feel extremely fortunate to be working at SX, as the environment allows me to grow and improve on a daily basis. The atmosphere at SX is the best. I feel very supported and feel like I can ask any question and any of my coworkers will be willing to help me. I’ve been interested in real estate for many years and am happy that I get to do accounting that helps me to understand this topic even more.

What is your dream job?

I would love to be able to combine my experience in human services, my natural ability to talk and work with people, and my knowledge of accounting to become someone who helps others make better financial decisions. I would also like to become an author at some point.

Navigating Development Accounting

lvkauwenberg@sxbusiness.com (Lindsay Van Kauwenberg) — Thu, 08 Sep 2022 13:47:05 GMT

Real estate accounting has a lot of moving parts. Developers need to keep a close eye on the following considerations if they want to run their businesses as effectively as possible and understanding how to use accounting software is a critical part of this process.

Real estate accounting has a lot of moving parts. Developers need to keep a close eye on the following considerations if they want to run their businesses as effectively as possible and understanding how to use accounting software is a critical part of this process.

Real estate developers need to track their numbers closely to understand the profitability of their projects, attract investors, obtain financing, and stay compliant with income tax reporting requirements. How well they understand these reports, and approach real estate accounting will determine their level of success.

The reports real estate investors should focus on vary based on their objectives and their project's progress. Investors who plan to develop and flip a property typically focus on the balance sheet, which provides an overview of the development's profitability based on the developer's assets and liabilities.

In contrast, someone who uses their real estate to generate rental income should focus more closely on the profit-and-loss (P&L) report, which helps you see the expenses versus revenues during any period, by increasing distributions and maximizing cash flow.

By extension, if developers are acquiring a property to rent out, they should focus more heavily on the balance sheet during the development stage and on the P&L when they rent out the units. Good accounting software will generate both reports as well as many others, but your real estate activities dictate which reports you should study most carefully.

Key balance sheet accounts for developers who are building and planning to sell are Sales, the sale of units or apartments (usually condo or retail space) and Cost of Goods Sold (COGS), total construction normally is broken down by square footage or actual cost.

These are a few key examples of what you will see on a real estate developer’s financial statement. The two most important accounts will be the CIP (Construction in Progress) or WIP (Work in Progress) Accounts. Most developers rely on a job costing accounting system to track their work.

When setting up real estate accounting software, ensure that the chosen accounts give the most efficient insights into the development operations. For example, a land or building developer may need to set up accounts for accounts payable, cash, CIP, WIP, deposit receivables, equity, long-term debt, short-term debt, retainage, and more.

A landlord, of course, doesn't need to track WIP or CIP, but they may need to add additional accounts that allow them to track specific expenses related to their rental operations.

When developers are acquiring real estate, they need to track the COGS, which is the total of different expense accounts in their real estate accounting records. COGS refers to all direct expenses involved in developing their property, including paying electricians, hiring architects, obtaining permits, and buying building materials. Indirect expenses, such as paying an administrative professional to run the office for their real estate development firm, are not included.

They may want to break down COGS per square foot or use this number to create profitability ratios. This allows them to compare the profitability of different development projects, and the better they understand their costs, the more effectively they will be able to generate projections and estimates for future projects.

In real estate development accounting , hard costs are construction costs associated with the actual physical construction of the building or project. On average, hard costs make up 75-80% of the total new construction costs. However, it is worth noting, hard costs on a renovation project are often higher.

Soft costs are part of the overall development project, but not tied to the actual physical production of the asset. They deal more with consultants and the planning of the project. In most cases, the soft cost is pre-construction cost, and most of the costs are incurred prior to the start of construction. Additional soft costs include engineering (mechanical and/or structural), permits & approvals, inspections, legal, and insurance.

The other time of “soft cost” paid at the beginning of the project and during construction are Financing Cost. During the pre-development stage of a project, some of the Financing Cost you will see on a Balance Sheet are Bridge Loans, Appraisal fees, Construction Lender Fees, Financing Fees – Brokers. Once a construction loan is obtained, some of the Financing Cost you will see are Mortgage Recording Tax, Construction Loan Interest, Exit Fees to name a few.

Real estate accounting starts long before a developer ever break ground on a project. They need to be able to make accurate financial projections about prospective property acquisitions based on market data, construction costs, and their proposed schedule. They also need to make assumptions about the sources and use of funds from their initial cash requirements to the end of the project.

As the project gets moving, they will need to simultaneously track real costs while also continuing to make estimates and projections about the future. They will need to keep an eye on their burn rate and create rolling cash flow projections so they can identify potential shortfalls early and make a plan to avoid them.

As their project moves forward, they will need to find a balance between the design and their budget. Throughout the project, they are likely to produce numerous budgets, and they may need to refine their design choices to stay in line with them. Ultimately, they need to strike a balance that allows them to minimize both delays and cost increases while maintaining the quality of their project.

Design costs are just one element — real estate accounting requires them to manage multiple costs and constantly identify strategies for savings. For example, they may want to find ways to reduce costs in the vendor procurement process.

Real estate accounting software helps developers stay on top of all these elements in the most effective way possible. But learning how to implement and utilize real estate accounting software can be challenging. Contact SX Business Services so we can help alleviate confusion and operate your Real Estate accounting practices more efficiently. The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source.

Let SX Business Services be your Nexus Systems Administrator

lvkauwenberg@sxbusiness.com (Lindsay Van Kauwenberg) — Thu, 14 Apr 2022 19:54:58 GMT

What is Nexus Systems?

Nexus Systems – Real Estate's Choice for AP Automation & Payments

Let SX Business Services be your Nexus Systems Administrator

What is Nexus Systems?

Nexus Systems – Real Estate’s Choice for AP Automation & Payments

Nexus is the most trusted way for real estate companies to centralize and automate their procurement, invoice processing, and vendor payments . With just clicks, AP teams can manage the entire procure-to-pay process using Nexus’s highly customizable software platform.

SX Business Services partnered with Nexus Systems in 2013. SX’s proven skill set can help your business improve efficiencies in all areas of operation as well as improve cash flow and the bottom line, by helping maximize actual revenue billing/collection ratios while streamlining and minimizing costs. Just as important, you will know that a highly qualified AP manager and Nexus expert will monitor your company’s financial performance, so you do not have to focus any time on these matters. This combination will ultimately improve personal productivity and enhance the bottom line.

As an administrator of your Nexus Systems’ account, we:

Set up new users, GL accounts, and entities on your behalf (and deactivate them as necessary).
Maximize Nexus functionality, helping you set up and use embedded supplier catalogs
Optimize your PO/ invoice approval workflows , and configure dashboards to your end-users’ needs.
Additionally, we act as your go-to contact for any Nexus technical support issues, opening tickets on your behalf. We attend monthly meetings with Nexus to work through any blockers and address any open tickets.

Outsourcing a company’s finance and accounting needs can also improve your overhead by reducing employee benefit costs, workload swings, employment gaps, employee time-off, recruiting services, management needs and office space requirements. And best of all, it optimizes time that can be dedicated toward company goals and other priorities of managing your business while decreasing overall costs by 30 to 50%.

We would be honored to introduce ourselves and give you more information about NexusPayables and NexusPayments and provide you with a customized plan for all the outsourced accounting needs for your company.

“Nexus is the most efficient Accounts Payable system I have worked on. The ease of processing bills, approving bills, and pulling bills saves the AP Department at least 1 day per week. Always having all the invoices at your fingertips also shaves hours of any type of invoice research. I would recommend Nexus to any company and all Accounts Payable Departments.”

-Scott Anderson, VP of Business Process

SX Business Services

SX Business Services Employee Spotlight: Lisa Moran, Client Controller

lvkauwenberg@sxbusiness.com (Lindsay Van Kauwenberg) — Thu, 31 Mar 2022 17:41:24 GMT

SX Business Services Employee Spotlight: Lisa Moran, Client Controller

Lisa joined SX in September of 2021 with 24 years’ experience in commercial and residential real estate accounting. During her time at Northeastern University, she worked in public accounting throughout her co-ops. After graduating from NU with a degree in accounting, she worked for several international companies with divisions in the UK and Canada, then made her move into real estate accounting.

Lisa met her husband Bob on a blind date, and have been together for 34 years! They are approaching their 29th wedding anniversary! They share two sons, Jack, 25, a 2018 graduate of Plymouth State University with a degree in sports management/minor in sales and Jeff, 21 a Junior at Michigan State University where he is majoring in Communications. Don’t tell the boys, but their baby girl, Kennedy, is almost 5 years old and is a Chocolate Lab/Australian Shepard mix. She is the love of their life.

Beyond her breadth of work experience, she brings her lively spirit and positive attitude to the office. She loves to travel and credits her grandmother for taking her overseas to Japan, Taiwan, Hong Kong, Greece, and Italy. Their family loves a good road trip too. Their goal is to travel around the U.S. to visit all Major League baseball parks and have been to 29 of the 30, with only Seattle left to see.

Her commitment to her family and her work bleeds over into her community. She is the team manager for the Dedham Clippers Swim team. She runs the concession stand for Dedham Youth Baseball. She is the Treasurer and Board member for the Dedham television station. Additionally, she has served many years as a Town Meeting Member and served as district chair for 8 years. She is now an elected official serving on the Parks and Recreation Commission. Incredibly she served as chairwoman this year – the first woman Commissioner and Chair elected in 15 years!

During her downtime (yes, I am surprised she has some too) she is very involved with the Miss America pageant at the state level, as a judge for many local events and volunteering in several capacities. She has been to watch the Miss America pageant three times. Her other passion is dance and she is back to taking weekly dance classes, 50 years after her first lessons. She is admittedly obsessed with Dancing with the Stars and has been to 13 of the live tours. During one of her visits to see the DWTS live tour she was able to secure a video of the cast recommending her for entry to a Dancing with the Stars fundraising competition in her town! She was accepted and after weeks of grueling rehearsals and after a first-place tie, she was ultimately deemed the runner up. A few years later, on the 10th anniversary of the competition, she was able to return as an all-star with her dance team. Their dance performance from Grease earned her the sweet redemption she was looking when they won the whole shabang!

SX Business Services Employee Spotlight: Kevin Ahern, Accounts Payable Administrator

lvkauwenberg@sxbusiness.com (Lindsay Van Kauwenberg) — Thu, 31 Mar 2022 17:36:00 GMT

SX Business Services Employee Spotlight: Kevin Ahern, Accounts Payable Administrator

Kevin was born and raised in Quincy, MA. A graduate of North Quincy High school, he worked in construction until the age of 26, when he decided to go to college to get his degree in accounting. Before joining SX Business Services, Kevin spent 15 years at a law firm working in accounting and as a paralegal.

He currently lives in Quincy with his girlfriend of 21 years Brittany and their 13-year-old cat, Chloe (a.k.a. Bestie). He is the oldest of four siblings, with 2 brothers and one sister. In his downtime, he enjoys hanging out with Brittany, cooking but mostly eating and playing Call of Duty.

What is your dream job?

If I could have any job in the world, it would be the general manager for the Boston Red Sox. I LOVE, LOVE, LOVE the Red Sox since I was like 6 years old.

What is your favorite part of working for SX Business Services??

My favorite part about SX is the people. In my short time here, I feel like I’ve met some really good people.

Outsourced Real Estate Accounting: A New Year's Resolution for your business

lvkauwenberg@sxbusiness.com (Lindsay Van Kauwenberg) — Thu, 06 Jan 2022 16:42:41 GMT

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: Kathie Tripodi, AP Associate

lvkauwenberg@sxbusiness.com (Lindsay Van Kauwenberg) — Thu, 16 Dec 2021 16:55:10 GMT

Kathie Tripodi, Accounts Payable Associate

Kathie joined the AP department at SX Business Services in February of 2020.

She comes to SX with strong background of AP experience from CVS Corporate office, Bryant University Facilities Management and most recently Wingate Corporate office.

Kathie has been married for 43 years to her husband Bill. Together they have three children. Two daughters, Krista and Ciara and one son, Jared. She is the proud grandmother to three grandchildren Sonny, Sofia and Salvatore (Sal).

During her downtime, she takes part in a book club in Uxbridge and enjoys reading mystery books and watching true crime movies. If you find her in the kitchen listening to music, she is baking cookies, fudge and other desserts. Her husband is the chef! And finally she likes to hit the treadmill to, “lose the weight from all the baking.”

What do you like the most about your job?

I like the variety of my job working with different clients. I love working here—everyone is so polite and nice. It is a relaxed atmosphere to which I like.

If you could have any other job, what would it be?

If I could have my dream job, I would become a lawyer. I love the law.

SX Business Services Employee Spotlight: Jennifer Londergan

Mon, 10 May 2021 14:09:17 GMT

Jennifer Londergan a.k.a. Contessa of Consulting, Empress of Payroll & Mistress of all things Eclectic

A native of Brewster, Massachusetts, Jen grew up there with her 7 siblings. After graduating from the University of New Hampshire in 2005 with a degree in Business Administration and a focus in Finance, her first job out of college was with Sawyer Realty. While working there as a Reporting Analyst from 2005-2012, she met several of her current SX Business employees. Little did they all know, this was just the beginning of their work relationship. In 2012, she moved into the world of Asset Management at Northland Investment Corporation. However in 2015, when her second son was 9 months old, she decided to slow down and try the stay at home mom life.

While staying home Jen started doing some consulting work for Sawyer and continued there until current SX Business Services owner and CEO, John Fleming asked her to join SX in May 2020. Currently, she does Payroll and works on other miscellaneous projects.

Jen is married to her husband PJ and they have two boys Gavin (9) and Nathan (7). They have 10 chickens and just rescued a sweet puppy named Joy. During the winter, they love to ski as much as possible at their favorite mountain, Bretton Woods in New Hampshire. In the summer, they hit the beach, go camping and hiking. She and her husband love to travel and have been known to leave the kids with Nana to go on adventures. They do bring them sometimes ��. In 2019, they all went to Ireland and now they have the travel bug too!

What do you like most about your job, and/or working for SX?

In every job, I have ever had I've liked having an eclectic task list to keep things interesting! I like working for SX because it gives me the flexibility to be home when the boys need me, and I get to keep working with people that I really enjoy.

If you could have any other job what would it be?

My dream job would be to own a small Bed and Breakfast. I worked at one growing up on the Cape and loved getting to meet people from all over the world, while sharing with them my little piece of it.

SX Business Services Employee Spotlight: Scott Anderson

Fri, 30 Apr 2021 14:13:59 GMT

Introducing Scott Anderson, VP of Business Process for SX Business Services

Scott has worked for SX since 2009. In that time, he has proven himself to be an invaluable part of the SX family.

Scott joined SX Business Services in 2009 with 20 Years of A/P and A/R experience with International Law Firms and large Real Estate Companies. He has experience with full spectrum payables and receivables, system analysis implementation and management, along with knowledge of various software platforms. Scott has led and successfully managed multiple teams ranging between 4 and 20 employees.

When Scott is not working he enjoys time at home with his wife and 4 children. They keep him very busy, but during his down time music is his other passion. He loves performing with his band 25 Pearl. Writing, recording and playing live has been part of his life for the last 25 years. When asked what he enjoys most about performing, Scott said, "Getting to connect with an audience by using your voice and guitar is great feeling".

Why do you enjoy working for SX Business Services?

"SX is a great place to work. The job is always the same, but the people and the teams we have at SX make it enjoyable. I find work is just as much about the people you work with, as the job itself. You need both to be successful."

SX Business Services Employee Spotlight: Janine Parrella

Fri, 02 Apr 2021 14:17:05 GMT

Senior Accounts Payable Team Leader

Janine is a college graduate, a wife, a mother, an outstanding employee and the next employee in the spotlight for SX Business Services.

After graduating in 1995 from Billerica High School, Janine attended Nichols College. There she earned a degree in Business Administration, with a concentration in marketing. After graduation, she joined HealthGate Data Corporation in Burlington, MA as a Marketing Communications Specialist. After 3 years, the excitement of city life enticed her to move to South Boston, where she worked as an Executive Assistant and Showroom Manager for Haworth, Inc, located in the Boston Design Center. During her 5 years managing trade shows and showroom events, Janine met and began dating her now husband, David. They married in 2006 and moved back to the suburbs. While working in Waltham for a start-up called StarRF, Janine met SX Business Service’s President and CEO, John Fleming.

In 2009, she had her son Samuel and then her daughter Jacqui was born in 2011. Through the years, she kept in touch with John. She was fortunate to stay primarily at home while her kids were young. However, once they became school age, Janine came to work for SX Business full-time.

Now at age 11, Sam is in 5th grade and loves hockey. Jacqui is 9 and in 4th grade. She is an All Star Cheerleader and also participates in dance. Their fur baby Derek is 8 and was rescued 7 years ago. He loves to cuddle, chase squirrels, play with other pups, and bark at everything.

In their free time, they enjoy family dinners and s'mores by the fire pit. They also spend their summers enjoying the pool and entertaining friends and family. They love to go to the beach and many of their vacations are spent with family who live in North Carolina. David and Janine enjoy kid-free dinners, spending time with other adults, and going to country music concerts.

What do you like most about your job, and/or working for SX?

What I enjoy most of about working for SX is the ability to be home during this pandemic. I also appreciate all its employees and the hard work everyone has been demonstrating. Times are tough, and there is a lot of work to be done. Through all the uncertainties, we have been able to achieve great things. Keep up the good work!

If you could have any other job what would it be?

If I could have any other job, I would be an interior designer. I enjoy shopping, decorating and creating warm environments for families to call home.

SX Business Services Employee Spotlight on Brenda David

Wed, 31 Mar 2021 14:22:46 GMT

VP of Administration

SX Business Services continues to highlight their extraordinary employees with our next SX Spotlight on Brenda David, VP of Administration.

In 2000, Brenda graduated from Sacred Heart University in Fairfield, CT with a Bachelor of Science degree in Business Administration. From there she joined an assisted technology company that made communication devices for people with disabilities as an HR assistant/customer service representative. In 2005, she began working at Sawyer Realty as John Fleming’s executive assistant. As they say, the rest is history. When John left to start SX Business Services in December of 2012, she accepted his invitation to join him. In her time at SX, she has used her degree in business administration, along with her prior work experience to rise to the current rank of VP of Administration for SX Business.

Brenda lives in Norwood with her husband Eric of 10 years and their 2 children, Layla 8 and Enzo 6. During her free time, although limited, she likes to visit Cape Cod to go to the beach and relax in the summer. In the winter, she likes to enjoy time with her family in New Hampshire snowboarding.

What do you like best about working for SX Business?

“What I like best about working at SX is the family environment. You have to enjoy going to work each day and liking the people you work with and for is a major factor in that.”

If you were given a choice to change your career path, what would you do?

“If I was to change job paths I would go back to school and I would become a pastry chef.”

While that does sound like a ‘sweet’ job we hope that we never lose her!!

Outsource Accounting Services at SX Business Services

Sat, 13 Jul 2019 15:02:07 GMT

List of the Most Frequently Asked Questions

SX Business Services was established in 2011 to help companies optimize their financial department with outsource accounting services. Our company provides accounting outsourcing to businesses, specializing in property accounting. Continue reading to find a compiled list of the most frequently asked questions that prospective businesses want to know about outsource accounting services and SX Business Services.

Companies who hire an outsourced accounting firm do not have to deal with the burdens and expense that come with having in-house employees.

1. Why would a company utilize outsourced accounting services?

Outsourcing services have become a mainstream practice in the business world and accounting is not an exception. Many companies use outsource accounting services to handle either all aspects of their financial department needs or they utilize it for part-time help. Either way, companies who hire an outsourced accounting firm do not have to deal with the burdens and expense that come with having in-house employees.

Top reasons why a company would outsource their accounting needs are:

• Cost: Companies save money by outsourcing their accounting by not having to pay for email and software licensing, employee’s benefits, taxes, paid time off, or the time it takes to hire, train and setting up office space. We minimize our client’s internal costs by 30-50%.

• Scalability and customizable approach: You pay for the services and level of accounting help that you need. If your company has a CFO but could use a quality Controller once a week to handle financial reporting, or maybe your business has a Controller, but could use a Staff Accountant or Bookkeeper to help with those tasks.

• Having industry-specific accounting experts and software specialists: It’s important that your outsourced accounting team understands your industry’s specific accounting needs and can get up and running on your accounting software quickly.

• Business owners have more time to work on their business instead of crunching numbers: Spend time that makes you more money, instead of costing money.

2. Why hire SX Business Services?

What differentiates SX Business Services from other outsourced accounting firms is our professionals and staff have well over 50 years of experience in all financial related services and have the ability to expertly handle any or all aspects of accounting functions for your company. We are well versed in just about every accounting software platform, including Nexus, Yardi, MRI, OneSite, Entrata, RealPage, Avid Exchange, Ops Technology and QuickBooks, as well as being a Nexus partner. We provide expert implementation and support to provide you with maximum visibility, accountability and control. Our team is highly engaged and very accessible.

3. Does SX Business specialize in certain industries?

SX Business Services has expertise in property accounting to provide the highest level of accounting and software help. 85% of our clients are in the real estate industry. However, no matter what industry, SX Business Services becomes a highly effective extension of client operations by delivering timely, dependable and cost-effective results. Whether your company is a start-up organization with little to no accounting resources in place or a firm with an already established accounting department, SX Business Services can provide you with a customized plan to meet your company’s needs.

4. What accounting software do you work with?

When working with SX Business Services, your company gets the added benefit of having a team of outsourced accountants who know your industry and your accounting software. We offer the ability to jump on our accounting platforms and licenses, with Yardi and Nexus. Nexus is our online storage, purchase order and invoice approval system. Yardi is our accounting and property management software. If you prefer, to offer greatest flexibility, we can work through your software platform.

5. How much does outsource accounting services cost?

The cost varies on the amount of accounting work needed and the level of services provided. Many companies take advantage of outsourcing their accounting because they have been both underutilizing and overpaying their in-house staff. Outsourcing allows businesses to enhance processes, scale resources, improve their accounting function and focus on business growth. If your needs are part-time accounting or a fully outsourcing your accounting department, we can meet your unique requirements.

For a pricing quote: https://www.sxbusiness.com/book-online

6. Does SX Business work remotely or on-site? Does my company need to be located in Massachusetts?

SX Business Services uses technology to provide accounting services anywhere in the United States. In fact, we have clients all over the U.S. Currently, our largest clients are located outside of Massachusetts.

7. Who provides the accounting services?

We use the team approach to provide accounting services for our clients. Unlike traditional office settings where employees have vacation days or call in sick, we have you covered with the “next one up” that has been cross trained on your entities. Our professionals and staff have well over 50 years of experience in all financial related services and have the ability to expertly handle any or all aspects of accounting functions for your company. The benefit of having multiple finance professionals working on your financials is that at any given time, you have access to answers. If anyone leaves there will still be a point person managing your account for a streamlined approach.

8. Is SX Business Services a CPA firm?

No, SX Business Services does not provide tax returns or perform audit work for clients. We will help with pre-audit work to get organized and prepared. In addition, we can be a resource to help answer questions from your firm’s CPA and provide timely monthly financial statements and year-end accounting help

9. How can I get started?

Please fill out this form and we’ll be in touch to answer any of your questions regarding outsource accounting services or provide a pricing quote: https://www.sxbusiness.com/book-online

SX Business Services Employee Spotlight on Jack Ng

Tue, 04 Jun 2019 14:54:56 GMT

In March 2019, Jack joined SX Business Services working in our Accounts Payable department. Prior to working at SX, he held positions as an Accounting Associate at Northland Investments, as an Accounts Payable Specialist at Shriner’s Hospital and a Corporate Accountant at Colliers in Boston. In addition to his traditional work duties Jack, has adopted the role of activities coordinator. He runs the office-wide football pool each season and organizes social activities outside the office, including our Thirsty Thursdays, so employees can catch-up after work.

Jack is ABC (American Born Chinese). He is fluent in Cantonese and knowledgeable in Spanish. He has two siblings, an identical twin brother and an older sister. He attended Randolph High School and graduated from the University of Massachusetts Amherst in 2001 with Bachelors Arts & Science. He is a huge Patriots fan, and enjoys watching football when he has the time

He likes to travel 3-4 times a year to different destinations. He is a big foodie and is a connoisseur of wine, craft beers and whiskey. When he travels to new places, he uses Yelp to identify the best places to eat. In addition to travelling, Jack enjoys hiking, taking walks, biking, going to the gym and all outdoor activities.

What do you like most about your job?

I like that I am able to work with several clients and use multiple software platforms. My job is close commute from my home and I don’t have to travel to Boston. Everyone here at SX Business is friendly and team-oriented.

What is your dream job?

If I could have my dream job, I think I would like to be a food critic. I want to be the next Anthony Bourdain. I enjoy eating good food and traveling. I would love to travel to other countries and try all types of food.