LIFMS performs services for:

  • Service businesses including: law firms, marketing companies, schools
  • Partnerships
  • Corporations
  • Non-profit organizations
  • Start-ups and entrepreneurs
  • Healthcare service providers
  • Government entities

Insourced or outsourced accounting services for corporations and nonprofits include:

  • Comprehensive financial reporting packages to meet your needs
  • Bank reconciliation and credit card account reconciliation
  • Accounts payable/ accounts receivable
  • Invoicing
  • Audit and all attest services
  • Internal Auditing
  • Budgeting, forecasting and cash projections
  • Online Payroll administration through Quickbooks or other programs
  • Internal and external audit interface
  • Income tax and sales tax filings
  • Customized services to meet your needs

Benefits of using Long Island Financial Management Services:

  • Staff and work product supervised by a NYS Licensed CPA
  • Strong internal controls in a "small business" environment
  • Lower overhead costs, compared to the space and equipment requirements related to the start up and maintenance of an accounting department
  • Multiple staff members ensure that your accounting tasks are always completed regardless of employee absence or turnover 
  • Staff that are always up-to-date with changes with tax laws, generally accepted  accounting principles, regulatory requirements and the latest version of Quickbooks
  • Meet reporting requirements of management, the board of directors, and compliance for government funders and regulators
  • Timely and accurate financial information for your external auditors 

Utilizing our accounting and bookkeeping services allows you to:

  • Focus on growing your business and networking for new customers
  • Gain an objective perspective on your financial picture
  • Save time and avoid headaches related to accounting staff recruitment, supervision and staff turnover
  • Access a CPA/CFO and a dedicated accounting team, at a cost you can afford as a small business.

Call LIFMS today to see 
what we can do for your business!