Need a brush-up on your End of Month Trust Accounting reporting requirements? Do not fear we have you covered. Better yet, we have kept it nice and straightforward to summarise our top 5 pointers to ensure you have your Trust Account in working order. These 5 simple and straightforward requirements are all you need to know to complete your End ... read more >>
We all make mistakes. It's what makes us human. But when you make a mistake whilst reconciling your accounts, it can just be damn right inconvenient. The good news? There are 10 basic mistakes that the majority of clients make at one time or another. We detail them below as a heads-up so you can avoid them. How many have ... read more >>
Now you have made the effort to reconcile daily (hoorah!), are you finding you are making the same mistakes over and over again? Never fear. There is a solution for everything. The good news is, we see these mistakes happen over and over again. Even better - we have the tips and tricks you need to implement to put a ... read more >>
It's time to break your bad Trust Accounting habits We all have those habits in our lives that are hard to break. You know the ones. Going to bed too late. Bingeing on Netflix. Committing to regular exercise. We all have them. Then there is one that continues to top the list of all Trust Accountants. Not reconciling daily. 2022 ... read more >>
End of the month and bank not reconciling? Freaking out and wondering where to start looking? It can be really stressful not being able to reconcile your Trust Account. Especially if it happens on the last day of the month. So where do you start? This all depends on the Trust Accounting software you use. However, generally, the principals for ... read more >>
Yes, we’re still in audit season! This means we’re seeing a lot of agents making consistent receipting errors. In some cases, they are receiving breaches for non-compliance. Each year we cover some of the most common receipting mistakes we see. So let's chat about our top 5 receipting errors of 2020 and more importantly, how to avoid them. Receipting for ... read more >>
When Going Paperless is the Norm Anyone who has the pleasure to sit my trust account training hears me speak of how I ran a paperless office in 2007. Yep, imagine that - a paperless office way back with 2007 technology. How did she do it?! Well, I tell a small lie. It wasn’t completely paperless. It was almost paperless ... 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 >>
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 >>
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 >>
