• Accounting, Consulting & Audit Services
    for Non-Profits, Government Agencies
    & Corporations

Outsourced Accounting Services

We understand how challenging it can be to grow a business while not having the resources or need to employ a full time in-house accounting staff. To reduce the cost of accounting, we provide services to meet the needs of small and mid-size businesses, including sole proprietors, non-profit organizations, and corporations. Depending upon your needs, we can provide fractional services that are daily, weekly, monthly or quarterly staffed with the appropriate skill levels. Our consulting services are designed to provide the highest level of accounting expertise without the expense of a full-time staff.

Many successful businesses cannot or choose not to maintain a fully staffed accounting department to meet their needs. As a result, a growing number of successful companies outsource their accounting and finance needs to professionals like us. In many cases, business owners find that our outsourced financial services are more cost effective than hiring full-time accounting staff. They often find that the quality and timeliness of financial management information is improved through utilizing our services.

Accurate, easy to read financial records are the foundation of a successful business and ensure that your business operations will run more efficiently on a daily basis. Our highly qualified staff can assist you with the day-to-day tasks related to your accounting and bookkeeping needs.  When you work with LIFMS, we provide an outside perspective for your business and our strict controls will also be a form of protection and an extra layer of internal controls.

Financial Statement Preparation

We prepare your financial statements in accordance with the highest of professional standards, which can be a useful tool for management in financial decision making.

Chart of Accounts

We can develop a custom chart of accounts tailored to your business and designed to meet your specific reporting requirements.

Policies & Procedures Manual

We can assist you in creating a manual of accounting policies and procedures based on your operational needs and resources.

Risk Assessment & Management

We will review your current controls and environment to provide an assessment and recommendations to management as deemed necessary.

Accounting Services

Without the trust of your customers, lenders, vendors and employees, it would be difficult for your organization to grow and create value.  Selecting the right accounting firm can go a long way toward establishing that trust.  LIFMS offers our clients efficient, reliable and affordable accounting services specifically tailored to meet their needs. We structure our services for each client to provide the appropriate level of service based on their requirements and the needs of the end users of their financial information.

Our approach is based upon our experience and a comprehensive understanding of the unique characteristics of each of the industries we serve. We also utilize the latest technology to efficiently plan and perform client services, and add value with our insight regarding strengthening internal controls, improving cash flow and increasing operating efficiency.

Our stringent system of quality control, based on independence, integrity and objectivity provides a framework for all of our accounting services.

Consider LIFMS if you are in need of any of these services:

  • Accounting system set-up for a new business
  • Bookkeeping Onsite or Offsite (weekly, monthly, quarterly or annually)
  • General ledger maintenance and financial statement preparation
  • Audit, review or compilation of financial statements
  • Computerized payroll services
  • Forecasts and projections
  • Budget preparation assistance and analysis
  • Internal controls documentation and review
  • Set-up and maintenance of depreciation schedules
    • SBA WOSB Certified
    • DBE Certified - Disadvantaged Business Enterprise
    • AICPA
    • NYS CPAs
    • QuickBooks Certified
    • QuickBooks Online Certified