SX Business Services Employee Spotlight: Nicole Bui, Senior Treasury & Accounts Receivable Analyst
February 28, 2024

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.


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.”