Earlier this month we bought you our Top 5 Trust Account Reporting Requirements for End of Month. Now, it's time to tackle the same for general record-keeping. Monthly reporting requirements queries are some of the most common questions and searches we see in our industry. Even the most seasoned of Agents and Licensees need a refresher sometimes. Ain't no shame ... read more >>
Need a brush-up on your End of Month Trust Accounting reporting requirements? Do not fear we have you covered. Better yet, we have kept it nice and straightforward to summarise our top 5 pointers to ensure you have your Trust Account in working order. These 5 simple and straightforward requirements are all you need to know to complete your End ... read more >>
Since our theme this month is anti-laundering and security, let's take the time to remind ourselves of some simple steps to take to safeguard yourself against wire fraud. It's scary to think that there are people out there just biting at the chomp to steal our data. I mean really, where do they find the time? It boggles our minds. ... read more >>
The Government has bought in new reforms to inhibit the illicit laundering of funds - what does it mean for you? For those who read our July newsletter (as we know you ALL do!) you would have seen our reference to the new Anti-Money Laundering and Counter-Terrorism Financing Act 2006. This is now a requirement for every Real Estate Agency ... read more >>
For those who know us well, we have some sticklers we abide by. Backing up. Reconciling daily. Heckling Jerome. This month, it is AUTOMATION. The benefit of automation The fabulous thing about automation is that it minimises admin time and increases efficiency. Need we say more? Freeing up time with automated tasks means you have more time for the important ... read more >>
We have well and truly ticked over into the new financial year (especially if the state of our office chocolate stash is anything to go by). So now let's turn our attention to some topics and issues that may arise with your Trust Account and tips for a cracking start to the new financial year. Post EOFY Tips and Tricks ... read more >>
We all make mistakes. It's what makes us human. But when you make a mistake whilst reconciling your accounts, it can just be damn right inconvenient. The good news? There are 10 basic mistakes that the majority of clients make at one time or another. We detail them below as a heads-up so you can avoid them. How many have ... read more >>
EOFY statements come out and you are hit with a barrage of emails and phone calls from confused Landlords. Sound familiar? There are generally two key reasons why this may be. And luckily, both have an easy fix (aka explanation). Reported income on the financial statement may not match what the ATO sees Reported income on the annual statement from ... read more >>
For those who bank with Macquarie Bank, you will know they are rolling out a new bank system on the 20th May, 2023. For Macquarie Bank users, there are a few things to note before the rollover to the new system. Here is a checklist of things you need to do. 1. Authorise any pending payments or tasks by 6.30pm ... read more >>
April is a busy time. Everyone is gearing up and EOFY starts rearing its head. So let's get ahead of the pack and get organised early. Getting your EOFY jig on Wish you were one of those people who shopped for Christmas in September? Well, now you can be... with your Trust Account. Our below tips on how to streamline ... read more >>
