Real Estate Compliance

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

2019-08-22T03:00:17+00:00

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

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

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

How To Avoid Trust Accounting Mistakes of Epic Proportions

2019-03-28T06:24:53+00:00

The day our Director transferred $100,000 instead of $1,000…and how you can avoid the same mistake. Before you think, no - that can’t be right! Think again. Yes these mistakes can, and do happen (even to the best of us). Major mistakes can happen in the blink of an eye – whether from a momentary lapse in concentration or simple ... read more >>

How To Avoid Trust Accounting Mistakes of Epic Proportions2019-03-28T06:24:53+00:00

5 Reasons Not to Outsource Your Trust Accounting Overseas

2019-07-08T05:44:08+00:00

As a business owner, it is natural to look for ways to increase your bottom line and reduce costs. In our last blog on 8 Ways to Reduce Costs for Start-Up Real Estate Agencies we discussed various ways start-up agencies can minimise costs. This included shopping around on items like software, insurance and considering a virtual office as opposed to bricks ... read more >>

5 Reasons Not to Outsource Your Trust Accounting Overseas2019-07-08T05:44:08+00:00

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

2019-07-08T05:44:35+00:00

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

5 Tips For Working on Holidays for Trust Accountants

2019-07-08T05:46:12+00:00

Working like a boss on holidays. Working and holiday are generally two words that should never go together in the same sentence. Unfortunately, as many Real Estate agency owners know, finding that right work/life balance can often prove difficult. As discussed in our earlier months blog 'Being a Licensee & Taking Holidays', good planning and modern technology make working remotely a ... read more >>

5 Tips For Working on Holidays for Trust Accountants2019-07-08T05:46:12+00:00

Being a Licensee & Taking Holidays

2019-07-08T05:57:29+00:00

Being Licensee & holidays...Is it really possible? Being a Licensee or Officer in Effective Control and taking a long-awaited holiday may seem like two terms that just don’t go together. If you are a Licensees who hasn’t seen the inside of your travel luggage for a good 5, 10 or perhaps even 15 years, then you are not alone. But ... read more >>

Being a Licensee & Taking Holidays2019-07-08T05:57:29+00:00

The 10 Most Avoidable Trust Accounting Mistakes

2019-07-08T05:58:12+00:00

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 >>

The 10 Most Avoidable Trust Accounting Mistakes2019-07-08T05:58:12+00:00

Sh*t In, Sh*t Out – Creating Policy on Data Entry for Trust Accounting

2019-07-08T06:00:36+00:00

Data entry is one of the necessary evils of our job. No matter what way you look at it, it is the #1 priority on our daily agenda. Why do we continue to falter when it comes to keeping consistent, well-maintained data entry policies and procedures? Time. Creating effective data entry policies is a time intensive task. Implementing effective procedures ... read more >>

Sh*t In, Sh*t Out – Creating Policy on Data Entry for Trust Accounting2019-07-08T06:00:36+00:00