TAKING THE TIME TO BACK UP YOUR DATA Backing up your data is right up there with those mundane, everyday tasks that you procrastinate on (like regularly cleaning out your coffee machine) until either something catastrophic happens (your coffee machine dies), or hopefully you’ve read a blog like this that jogs your memory. We are hoping it’s the latter. The ... read more >>
As with many aspects of business, it is acceptable to believe there will be a steep learning curve, mistakes made, and lessons learned as you navigate your way through business. The same goes for your trust accounting. We have previously outlined 10 of the most common mistakes made by real estate agents in a previous blog, which you are invited ... read more >>
Stealing from trust accounts is not just a plain bad idea – it’s illegal It would seem logic would prevail that stealing from your trust account would be a bad idea, yes? Unfortunately for some, this is not a clear-cut decision. Earlier this month, as reported by www.news.com.au, a Victorian Real Estate Agent, 43 years old from Huntingdale, was sentenced ... read more >>
High quality trust accounting is the quintessential part to any Real Estate office. Whether your main focus is residential or commercial, sales or property management, your clients expect that their accounting is done professionally. Particularly in commercial management since the majority of clients are required to report quarterly to the ATO. Offering a high level of management service extends to ... read more >>
Software Compliance One Size Fits all Approach When it comes to trust accounting software compliance we believe that one size does not fit all. Just because one product is compliant in one state, does not make it compliant across Australia. There are many Trust Accounting software products offered on the market that skate a fine line between compliance and non compliance. ... read more >>
Each and every year we go through the same stresses and heartache of pushing uphill through another End of Financial Year period. Why is this time of year busier than others? We are generally completing our standard end of month so trying to get as much rent in the account as possible, mix that with end of financial year processing ... read more >>
Section 115 of the PSBA Act 2002 Yawn. Your eyes glaze at the mention of legislation. Everyones least favourite topic. However some of you may appreciate and share my frustrations in this Section of the PSBA Act after reading this article. I'm of the opinion that recent changes to this part of the legislation have opened a floodgate for compliance ... read more >>
