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 >>
Your Software Migration Checklist to meet the July 1st Deadline Switching to a cloud-based server before this financial year? July 1st is the 'go live' deadline to make the switch from old system-based servers to cloud based solutions. Our migrations team have been tirelessly working around the clock this month to ensure we meet the 1st July ‘go live’ deadline. ... 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 Server Based Trust Accounting Systems Dead? We are always scared of things we don't know. What one day terrifies us because of the newness and unfamiliarity, soon becomes second nature over time. Cast your mind back to 2015 where the development of new age Trust Accounting & Property Management systems in the cloud began. Skepticism was rife with agencies ... read more >>
Oh how times have changed. Rewind the clock back to 1997 when the Spice Girls were on every tape player and double denim was a big hit. I was also entering the industry as a fresh-faced real estate newbie. Back then, everything was done via cheque = a major labour intensive process. At the end of every month, I would have ... read more >>
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 >>
New Year Resolutions or New Year Job? The New Year brings not only New Year Resolutions in the bucketloads, but also a lot of thought about current employment options. It's a time where people decide to stay put if they are happy in their current role, or to make a change. We see many Trust Accountants decide to move on from ... read more >>
There are certain daily tasks that are guilty of draining important time from your day. Annoying phone calls for minor clarifications is one of them. Now we don't want to discourage one on one communication with your owners, tenants and suppliers. That is not what we are about. Yet, we are about minimising the requirement for calls that could and ... read more >>
Earlier this month we spoke about the importance of setting up a tenant payment system and the key things to avoid to ensure the system runs smoothly. When it comes to tenant payment systems, apart from ensuring you have a system in place, the next key thing is to limit the payment options available. We have previously discussed why agencies ... read more >>
How to Ensure Your Money is going to the Right Place Landlords changing bank details is a common occurrence in property management. When the correct systems and protocols are in place to advise tenants of the new details and timings, things can usually go without a hitch. Unfortunately, criminals are on the lookout for any new ways to make a ... read more >>
