Sales Only Agencies – Reconciling and Trust Accounts to Avoid a Breach


We have a list of wonderful clients who are sales only agencies. No rent rolls. On top of that, some only have a handful of transactions a year. So with this in mind, we often get asked 2 questions: 'Do I really need trust accounting software?' 'How often do I need to reconcile?' The answer to question #1 is simple. ... read more >>

Sales Only Agencies – Reconciling and Trust Accounts to Avoid a Breach2019-08-22T03:00:17+00:00

Top Audit Breach of 2019 and How to Avoid it


The Time When You Don't Want to be #1 Each year we see trends come and go in the world of Trust Accounting. One month, it may be issues with cloud-based software migrations or reconciliations. The next, it may be keeping up with compliance or an increased prevalence of internal fraud. The regular theme for the month just gone was ... read more >>

Top Audit Breach of 2019 and How to Avoid it2019-08-19T05:05:35+00:00

Your 6 Point Audit Checklist for your Cloud-Based Software


Get Ahead this Audit Season Audit season is on our doorstep. For many states, audit season falls between the 1st July through to the 30th September. For those who have moved to cloud-based software since your last audit, you may be confused as to what your auditor may be expecting to see. With cloud-based software, there are many processes you ... read more >>

Your 6 Point Audit Checklist for your Cloud-Based Software2019-06-29T03:41:03+00:00

Avoiding Audit Breaches Post EOFY


EOFY is fast approaching. No doubt it is gleaming out bright and clear in your diary like a beacon lost at sea. Well, we are taking it one step further and helping you to think about avoiding an audit breach post EOFY. Yep, we are thinking about beyond 30 June already. Even we cannot believe it. We have touched on ... read more >>

Avoiding Audit Breaches Post EOFY2019-06-22T05:23:56+00:00

When Mum is Always Right


How My Mums Advice Is Scarily Applicable to Trust Accounting May is the month for Mums. So in light all things mothers, we thought we’d ask our staff what annoying things their Mums used to say when they were growing up. Susan was quick to respond with ‘Don’t pull faces or the wind will change’. Well we guess she took ... read more >>

When Mum is Always Right2019-05-24T05:40:31+00:00

The Art of Tidying Up Before End of Financial Year


How to KonMarie Your Trust Account at EOFY Are you obsessed like us and an avid follower of the #konmarie method of tidying up? If so, then you’ll have probably watched Marie Kondo’s series in full on Netflix – Tidying Up with Marie Kondo. For those of you not on the tidying movement (for the uninitiated you should really give ... read more >>

The Art of Tidying Up Before End of Financial Year2019-05-20T22:17:16+00:00

Creating Processes for Batch File Payments


Getting to the Bottom of Batch File Payments An aba file is an Australian Bankers Association electronic payment file format. These batch files are generated from your Real Estate trust accounting software when disbursing funds from your rental trust and can be read by your bank. Batch files are typically used in Property Management for paying Landlords and Suppliers and offer great ... read more >>

Creating Processes for Batch File Payments2019-03-28T06:24:47+00:00

Pass your Annual Audit with Flying Colours


The yearly audit is a must-do of every real estate agency. Your annual audit is up there on the yearly to-do list along with your staff performance reviews and the planning of your annual staff party. Yet, your annual review may not cause as much excitement as your Christmas Party… although there could be beverages involved in the aftermath… So ... read more >>

Pass your Annual Audit with Flying Colours2019-03-28T06:24:52+00:00

When Not To Kill Two Birds With One Stone…


Choosing the Right Trust Account Auditor Strap yourselves in for what is going to be an epic blog of epic proportions. Yet as we may joke about the dry nature of our audit topic this month, it is one to actually be taken quite seriously. Yes we are talking about the importance of using a qualified real estate trust account ... read more >>

When Not To Kill Two Birds With One Stone…2019-03-28T06:24:52+00:00

8 Ways to Reduce Costs for Start-Up Real Estate Agenices


Australia thrives on small business. It is what makes our country go round. So the reality of the number of small business that fail to succeed is definitely a cause for concern. According to the Australian Bureau of Statistics, more than 60% of small businesses cease operating within the first three years of opening their doors. How Can You Reduce ... read more >>

8 Ways to Reduce Costs for Start-Up Real Estate Agenices2019-07-08T05:44:35+00:00