Over and over, we see a lot of clients revoking months and reversing payments.
Not only does this cause havoc, it causes you more stress!
It’s simple. One way to fix it.
Just don’t.
So what should you do?
Reach out and ask for help before trying to fix it yourself.
We all know there is that temptation to jump on in and fix a little error.
It’s tempting.
But the ramifications are not worth it.
There are reasons we advise against this – it’s not just for the sake of it.
Not all software providers understand the legislation. More of them don’t than do.
One thing they can tell you is how to use the software – but it doesn’t mean that they are necessarily correct or that this is the course you should follow.
For example…
Your software support may state you can revoke a month as a quick-fix option. But as we know, it is not recommended to do so! Any errors can be fixed in the current month.
So the saving grace of our support blocks?
No question is too dumb! (we promise)
After you finish your full month, don’t forget to roll, close, sign your paperwork and file in a secure online place for your next audit.
Jane Morgan is the Director of End of Month Angels, a consultancy firm specialising in Trust Accounting. Jane knows the legislative requirements of running a successful Real Estate office through her 26 years’ industry experience. Don’t trust just anyone with your trust accounting. Book an appointment with an End of Month Angel today.