When it comes to month-end, is your accounting department overwhelmed and working crazy amounts of overtime? Can’t justify hiring more salaried staff just for month-end? You’re not alone. 

It can feel easier to stick with the status quo, but it puts a strain on your staff, and keeps you from getting the most out of your Yardi system. 

That’s where outsourced accounting comes in. If you find the right people to outsource your accounting needs to, you’ll be able to benefit from:

  1. Access to a wider range of experts: Finding accountants with the Yardi expertise you need can be like trying to find a needle in a haystack. Outsourced Accounting provides access to a team of professionals with the specialized knowledge and skills you need. This can ensure that businesses receive the full benefits of Yardi software.
  2. Scalability: Outsourcing accounting services allows you to scale your accounting team as needed, without having to hire or lay off staff. This can be especially useful if you have fluctuating demand for accounting, or need additional support during peak periods. 
  3. Reduced Risk: You can reduce your risk of  fraud, and noncompliance by outsourcing to a team of professionals who have the knowledge and expertise to identify potential issues and implement effective controls. Even if your team has knowledge and expertise to do it themselves, if they don’t have enough time, they won’t be able to do it. 
  4. Cost Savings: Outsourced Accounting can save you money by reducing the need to hire and train in-house staff to manage the software. It also allows for a more predictable monthly expense. 
  5. Time Savings: Outsourcing accounting can reduce the time required to manage and oversee accounting activities. This frees up resources that can be redirected to other areas, such as sales, marketing, and operations.
  6. Improved Compliance: Yardi has the tools to help businesses navigate regulatory requirements, such as tax regulations and financial reporting requirements. These tools help ensure compliance with regulatory requirements such as tax regulations and financial reporting requirements. 
  7. Better Financial Reporting: Consulting firms can provide customized financial reports and analysis that can help you gain insights into your financial performance.  This detailed financial data allows you to make more informed business decisions. If you don’t have the in-house accounting resources to generate these customized reports, outsourcing is an easy way to fill those gaps. 
  8. Customized Solutions: Outsourcing provides access to experts who can provide customized solutions that are tailored to a business’s specific needs and workflows. This can help maximize the efficiency of their accounting operations, reduce errors, and increase productivity.
  9. Quality Training for Existing Staff: Not all firms offer training for your existing accounting staff, but Lynx does. Our training sessions are focused on how to better understand Yardi and how to leverage Yardi’s advanced features. These features are particularly useful for ensuring accurate bank reconciliations.
  10. Better coverage: Outsourcing can make it easier to find coverage when someone gets sick, as there’s a larger pool of people to draw from. If you have a smaller team, and your team is overworked at month-end, it can be challenging to get the coverage you need when someone is out of commission. 

Once you know the benefits, outsourcing makes a lot of sense-if you outsource to the right people. Get in touch to learn how we can help.