Say goodbye to paper! Say goodbye to paper in 2021 as you take your bookkeeping digital. The last thing you want to be known as is a 'shoebox client'. The good news is, it is simpler than you think! Good practice to keep track of your general accounts is to apply the same principles for your trust accounting to your ... read more >>
Following on from our previous post regarding cash flow in tough times, let's discuss some important information when it comes to EOFY prep and bookkeeping. We have some End of Financial Year bookkeeping advice and tips for real estate agencies to keep in mind as we head into the new financial year. Single Touch Payroll For those with 19 or ... read more >>
Cashflow tight? Same goes for many other agencies and businesses across Australia at the moment. We are bringing you our top 6 cash flow tips to help you through when the going is a little tough. We all have them. The best way to get through them is to prepare and take stock of your expenses. Apart of course from ... read more >>
As we discussed in our latest blog, people in business make mistakes. From the rookies through to those who have been in the industry for over 10, or even 20 years, can still make monumental errors. Yet, it never ceases to amaze the extent of the trust accounting mistakes we see on a daily basis. So it prompted us to ... read more >>
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 >>
Trust Accounting and Bookkeeping are very different entities. Yet despite being in different worlds, it is important that bookkeeping and trust accounting operate in succinct harmony. Some agencies may have one staff member managing the trust account and reconciling the general account. This is completely acceptable. Other agencies may keep the roles completely separate. Also acceptable. What is important is ... read more >>
Single Touch Payroll (STP for short) is on its way. It will hit our shores on the 1st July 2019. STP has been slowly introduced since 1st July 2018 for those businesses with 20 employees or more. It is now extending to all businesses with 19 employees or else as compulsory come July 1st this year. What Does This Mean ... read more >>
This month we are revisiting our oldest friend, reconciliation. Because, no matter how much love and attention we give this friend of ours, they seem to be the one that requires the most attention. It is a commonplace to receive last minute calls at EOFY from clients who have not reconciled their accounts for the entire year. Hence the need ... read more >>
Just as the real estate industry is undergoing a shift towards cloud-based solutions, the accounting industry is also progressing onwards and upwards since the introduction of Xero back in 2007. It's time to say goodbye to server-based bookkeeping systems. Our bookkeeper Wonderwoman and Office Manager Tracy is both Xero certified and a registered BAS agent. This month, she gives us ... read more >>
Are You Guilty of These Trust Accounting Mistakes? We understand in life, mistakes happen. Like leaving an open tin of milo in the house unsupervised or leaving your washing out on a rainy day. Yep – those are passable mistakes. Unfortunately, the mistakes we see on a daily basis with agents and their trust accounts are not on this list. ... read more >>
