Coming to Terms with Mistakes in Business Mistakes in business can be a hard lesson to swallow. Just ask me about the huge list of mistakes I've made in business over the past 8 years. It's so long it has its own storage space in the cloud. But the reality is that everyone will make a business mistake of some ... 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 >>
Choosing the Right Trust Account Auditor Strap yourselves in for what is going to be an epic blog of epic proportions. Yet as we may joke about the dry nature of our audit topic this month, it is one to actually be taken quite seriously. Yes we are talking about the importance of using a qualified real estate trust account ... read more >>
There is nothing worse than having a pearler of a stress-free month without any unforeseen hiccups to then finding yourself smack bang in the middle of End of Month with no prior preparation or planning. You wouldn’t expect a pro boxer to jump in the ring without any prior training and sparring right? Be prepared or prepare to fail. Harsh, ... read more >>
It’s audit time. You’ve just come up for air after EOFY and now the topic of audits are on everyone’s minds. There is nothing like an impending audit to raise the blood pressure levels and threaten the satisfaction of a full night’s, rested sleep. However fear not, as the reality is really not as bad as what your mind can ... read more >>
In the complex world of trust account management, there is nothing worse than the nightmare that is end of month. Often as Licensee or Officer in Charge, you juggle multiple jobs. The trust accounting, the running the business and the staff you hire to manage your clients. As a result, your trust accounts can easily become unbalanced if not managed ... 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 >>
Getting through the standard End of Month in a busy Real Estate office can be tough on it’s own but throw the End of Financial Year into the mix and it becomes survival mode. It really doesn’t need to be that stressful if we do just three simple things: Preview Reconcile Backup End of Financial Year Statement Previews: They are ... read more >>
Let’s face it - the word ‘daily reconciliation’ can be scary to most Property Managers or Trust Accountants but trust account reconciliation does not need to be the process that everyone dreads. In our Top 10 Trust Accounting Mistakes Made by Real Estate Agents, not reconciling daily was the second biggest mistake that agents made after not backing up daily. ... read more >>
