Outsourced Accounting

If you’re in property management, and your staff is overwhelmed with bookkeeping, property accounting, corporate accounting, tax entries, audit assistance, and more, let Lynx help. Our Outsourced Accounting service can support your accounting team to get the most out of your existing system, and keep your staff from burning out.

Lynx Systems Outsourced Accounting saves our clients the cost and stress of having to fully staff, train and retain an accounting team that specializes in property accounting and in Yardi. Lynx can provide your existing accounting staff with the training, tools and resources they need, and are available to fill any gaps in your accounting team on an ongoing basis.

Project and Change Management for Outsourced Accounting

Transitioning from in-house accounting to Outsourced Accounting services requires extensive project and change management oversight, especially when outsourcing to offshore resources. Without that support, the change to Outsourced Accounting is doomed to fail. Although outsourcing is less expensive in the long run when done right, if the transition is not done right, the cost savings quickly evaporate.

That is why Lynx Change and Project Management is included with all our Outsourced Accounting services. We bridge the gap to help you navigate the hundreds of process changes, and prevent the loss of critical knowledge.

Outsourcing Options

We offer two main streams of Outsourced Accounting Services:

• Direct support from Onshore Resources: this consists of top level experts based in North America. This support can range from AR/AP, CAM Reconciliations, budget support, tax reporting, investment management, lease abstract review & implementation, and more.
• Oversight of Offshore teams: this consists of ensuring quality control, navigating communication challenges, and ensuring a successful transition. We can provide oversight to your existing overseas resources, or we can help you connect with the overseas resources that are the best fit for your needs.

What’s included with Lynx Outsourced Accounting?

• Specialized Project & Change Management – Our team of experts includes high level project & change managers as well as top level accountants. This combined knowledge allows our team to successfully transition to Outsourced Accounting, whether it’s with onshore or offshore resources.
• Personalized Service – Our team consists of Property Accountants, Yardi technical advisors/programmers and Yardi Implementation experts. This allows us to provide each client with a dedicated team that understands their accounting requirements with constant touchpoints.
• Wide range of expertise – We can help you manage critical day-to-day functions such as bookkeeping, property accounting, corporate accounting, tax entries, audit assistance and more. We provide advisory expertise throughout the year.
• Easy access to senior resources – We save you the headache of onboarding new employees, payroll expenses and expensive head-hunter fees to find these seasoned senior resources. Our employees work virtually so you do not have to provide office space and equipment.
• Quality training for existing staff – We provide training for your existing accounting staff to better understand Yardi and how to get the most out of your Yardi systems.
• Flexible plans that work for you – We work with businesses large and small to provide professional and trusted outsourced accounting on either a temporary or a permanent contract basis.
• As much support as you need – Many of our clients out-source their entire accounting process. We are able to provide you with whatever level of service you need.
• Customizable monthly service plan – One monthly fee provides as much service as you need. In addition to Accounting, this service can also include Custom reports, IT Support, Help Desk, Property On-boarding, Integrations and more. Lynx can customize a plan based on your unique needs.

Client Benefits of Outsourced Accounting

• Direct access to accounting specialists and expert knowledge – Clients benefit from accounting specialists with deep knowledge of accounting standards and requirements domestically and globally. Our accounting team draws on their technical and industry expertise and extensive Yardi experience to provide clients with quality service.
• Avoid burnout for existing staff – This is particularly beneficial for Yardi users because when busy existing accounting staff are just “assigned” Yardi as an add-on to their full time job, they often feel overwhelmed and frustrated. Which is a recipe for staff burnout. Outsourcing accounting, especially Yardi related accounting, from Lynx can help avoid all that.
• Improved quality control – Even the best of people have off days and can make mistakes. Outsourced accounting allows clients to access a larger team of experienced accountants that can help catch and correct mistakes early- before those errors cause problems for their business.
• Improved business continuity – Having an experienced team in your corner can help avoid issues caused by staff turnover and any shortages in human resources.
• Cost effective – Clients receive access to this exceptional level of support and expertise without the cost and time associated with developing their in-house team.