Are your books getting the best of you? Thinking it's time you outsourced your bookkeeping? There invariably comes a time in one's business when it comes time to outsource some key responsibilities. Many small business owners start out as the Jack of all Trades. The CEO, Business Development Manager, Bookkeeper, Administration Manager, HR Manager.... you get the drift. But as ... read more >>
Generally, like life, Trust Accounting follows a set of key principles. Like starting school for instance. Wear your uniform. Tie your shoes. Don't eat your fellow classmates' lunch. Trust Accounting is the same. It follows a set of key principles to ensure everyone stays in their lane and does not get a detention (aka an audit breach). Sheesh the similarities ... read more >>
Over the years we have shared numerous blogs about choosing the right Trust Accounting software. We cover the 'must-haves' to assist you in choosing the right software package, from tenant portals to document management and built-in inspection apps. Yet, alas we still receive accounts in Xero, Quickbooks and MYOB. Note to self - these general software accounting systems are not ... read more >>
Earlier this month, we covered why End of Month Angels is your partner in outsourced Trust Accounting. But how about Outsourced Bookkeeping you ask? Have no fear. We got you. Why Choose End of Month Angels for Your Outsourced Bookkeeping Needs We think there should only really be one answer to this. Who has the time to deal with their ... read more >>
Nowadays, everyone in business is looking for ways to get ahead and stay ahead. It's a tough financial climate. So any business move needs to be a wise and well-planned one. Outsourcing the management of your real estate Trust Account in Australia can be a sure-fire strategic move for agencies looking to improve efficiency and compliance. Why trudge day, after ... read more >>
Are you still using a server-based software program for your Trust Accounting? Hell no! (good job). Sheepishly yes? Well, now is the perfect time to move. No doubt this may be a decision you have been pondering for some time but have either: a) been putting it off b) are scared to make the switch which means c) all of the ... read more >>
We are on the official countdown to the End of the Financial Year (insert collective moan - or applause, your call). So, that means it's time to start planning, checking, and double-checking your files to ensure everything is recorded correctly. So where do we start? A simple checklist for EOFY prep Correct Chart of Account A correct chart of account ... read more >>
In NSW, real estate agencies are required by law to maintain a training register to document their employees' training and professional development activities. The training register must include information on the: type of training or development activity date it was completed activity's duration, and training provider's name. Real Estate Agents and Property Managers must complete several hours of continuing Professional ... read more >>
Licensees who run a business are under legal obligation to ensure that the business is supervised correctly - particularly when large sums of money and Trust Accounts are involved. That means you! Without adequate supervision, extreme stress and financial losses can occur. Not want you want on your plate. Not only that, without it, you can be up for negligence, ... read more >>
Here at EOMA, we have a few sayings we live by. "Til chocolate and charcuterie boards do we part". "Backup everything" "Drink coffee, always" and our latest... "When in doubt, engage the professionals". Some of the most productive and successful businesses we have seen are the ones that look after the key growth elements of their business. And outsource the ... read more >>
