Compliance

Getting in Top Trust Accounting EOFY Shape

2020-05-27T12:07:43+10:00

We are officially in the lead up to the End of Financial Year (drumroll). This trust accounting EOFY leadup has been unlike any other we have seen in our lifetime. With the impact of COVID still too fresh, throwing EOFY into the mix might be enough to tip some over the edge. So we want to step in and help ... read more >>

Getting in Top Trust Accounting EOFY Shape2020-05-27T12:07:43+10:00

NSW Reforms & Property Management Compliance

2020-02-18T23:55:09+10:00

There are certain components of the upcoming Licensing Reforms (23rd March reminder!) that specifically concern Property Managers and Property Manager compliance. As a quick summary, these points are: Current License holders will transition to Class 2 License holders Certificate of Registration holders will transition to Assistant Agents If you’re currently approving EOM payments, you will not be able to do ... read more >>

NSW Reforms & Property Management Compliance2020-02-18T23:55:09+10:00

Top 10 Trust Accounting Mistakes to Avoid in 2020

2020-01-31T01:11:36+10:00

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 >>

Top 10 Trust Accounting Mistakes to Avoid in 20202020-01-31T01:11:36+10:00

Top 4 Common Receipting Errors

2019-11-08T03:37:34+10:00

Please Explain... This year, more than ever, we are seeing Fair Trading follow through on agents with qualified audits with a polite, 'please explain'. At the EOMA office, we come across common receipting errors which are at the heart of these qualified audits. One of the biggest and most frequent receipting error, is the timing between receiving and the receipting ... read more >>

Top 4 Common Receipting Errors2019-11-08T03:37:34+10:00

How to Avoid Making Rookie Trust Accounting Errors

2019-09-27T01:37:50+10:00

We understand people make mistakes, especially in business. Let's say it is all part of the learning curve. However, when we see the same mistakes occur day in, day out, then we think we need to do something about it. There is no doubt there are common errors agencies make within their trust accounts on a daily basis. Through our ... read more >>

How to Avoid Making Rookie Trust Accounting Errors2019-09-27T01:37:50+10:00

Top Audit Breach of 2019 and How to Avoid it

2019-08-19T05:05:35+10:00

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+10:00

Your 6 Point Audit Checklist for your Cloud-Based Software

2019-06-29T03:41:03+10:00

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+10:00

When Mum is Always Right

2019-05-24T05:40:31+10:00

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+10:00

The Art of Tidying Up Before End of Financial Year

2019-05-20T22:17:16+10:00

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+10:00