Compliance

Top Audit Breach of 2019 and How to Avoid it

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

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+00:00

Your 6 Point Audit Checklist for your Cloud-Based Software

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

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+00:00

When Mum is Always Right

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

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+00:00

The Art of Tidying Up Before End of Financial Year

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

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+00:00

Stay Stress-Free and Breach-Free This Holiday Season

2019-03-28T06:24:46+00:00

The holiday season is so close we can feel it. We can smell the jasmine in the air, the Christmas decorations are up in the shops and Christmas party prep is well underway. So amongst all that, you may very well be planning your Christmas break from the office. As licensee, there are two requirements to ensure before you pack ... read more >>

Stay Stress-Free and Breach-Free This Holiday Season2019-03-28T06:24:46+00:00

Creating Processes for Batch File Payments

2019-03-28T06:24:47+00:00

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

A Reconciliation a Day Keeps the Auditors at Bay

2019-03-28T06:24:48+00:00

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 >>

A Reconciliation a Day Keeps the Auditors at Bay2019-03-28T06:24:48+00:00

Staying Compliant When Moving To The Cloud 

2019-03-28T06:24:48+00:00

I've Gone Live.... Now What? Last month we took you through the steps to successfully migrate your software in-house before the July 1st deadline. So at this point, you have successfully migrated your old software on a system-based server to a cloud-based server. Success! As an added bonus, you have maintained all your hair and not extracted a Coles week's ... read more >>

Staying Compliant When Moving To The Cloud 2019-03-28T06:24:48+00:00

New Property Licensing Training Requirements – Prepare for the Changes Ahead

2019-03-28T06:24:49+00:00

Getting to Know the New Industry Qualifications Discussions surrounding the reform of Property Licensing NSW started in 2016. Fast forward to 2018 and we are now looking at the implementation of these reforms, likely to be later this year. Of note is the introduction of three categories of qualifications as opposed to the existing two. Certificate of Registration Licensed Real Estate ... read more >>

New Property Licensing Training Requirements – Prepare for the Changes Ahead2019-03-28T06:24:49+00:00

Opening a New Trust Account – Preparing for Changes Ahead

2019-03-28T06:24:50+00:00

Earlier this month we discussed the upcoming 2018 trust accounting reforms as outlined by NSW Fair Trading. Of significance in these reforms was the introduction of the need for a separate sales and rental trust account. For those who already operate with separate accounts, you can pat yourself on the back, close this tab and grab a cup of tea, safe ... read more >>

Opening a New Trust Account – Preparing for Changes Ahead2019-03-28T06:24:50+00:00