Outsource Accounting Services at SX Business Services
July 13, 2019

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

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

By Lindsay Van Kauwenberg • January 22, 2026
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

By Lindsay Van Kauwenberg • July 9, 2025
Choosing the right outsourced accounting partner requires a careful evaluation of several key factors.

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.”