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5 Tips For Working on Holidays for Trust Accountants

2019-07-08T05:46:12+10:00

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+10:00

The 10 Most Avoidable Trust Accounting Mistakes

2019-07-08T05:58:12+10:00

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+10:00

Maintaining Agency Standards for Trust Accounting

2019-07-08T05:59:21+10:00

We have come into contact with many agencies. One thing that stands out is the variety of processes in place from agency to agency when dealing with client accounts. From our experience, we have witnessed two common operational systems that agencies generally fall into. CATEGORY A – THE ORGANISERS Agencies falling into Category A tend to have clear and concise ... read more >>

Maintaining Agency Standards for Trust Accounting2019-07-08T05:59:21+10:00

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

2019-07-08T06:00:36+10:00

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+10:00

NSW Trust Account Identification Number 2 Years On…

2019-07-08T06:02:38+10:00

Despite this regulation being in place since January 1st, 2015, it was evident in this years audit that some agencies are still being reprimanded for not complying with the legislation of having a Unique Identification Number (UIN) for all their existing trust accounts. So if you've had a trust account prior to January 1st, 2015 and you're still not sure what the ... read more >>

NSW Trust Account Identification Number 2 Years On…2019-07-08T06:02:38+10:00

Putting Your Trust Accounting Software To Work For The Holiday Season

2019-07-08T06:04:52+10:00

The countdown is on as we cross off the numbers of working days left. Along with the majority of other businesses across Australia, most agencies shut their doors over the Christmas period. So it may or may not come as a surprise, but your clients, as well as also enjoying their own Christmas cheer, will also expect their regular payments to ... read more >>

Putting Your Trust Accounting Software To Work For The Holiday Season2019-07-08T06:04:52+10:00

Adjustments Are The Cardinal Sin of Trust Accounting

2019-07-08T06:07:55+10:00

There are times when we just want an easy fix, there are times when an easy fix is OK and legitimate, but there times when it isn’t. There will be times in your trust accounting travels that you will receive unidentified funds and the process is pretty clear on how to treat these type of transactions. The Easy Fix Create an ... read more >>

Adjustments Are The Cardinal Sin of Trust Accounting2019-07-08T06:07:55+10:00

How Paperless Can You Be With Your Trust Accounting?

2019-07-08T06:08:57+10:00

Going completely paperless in trust accounting is not always a feasible expectation. As an agency there are documents that must be available in hardcopy, however, we can all work towards ensuring we only print those documents that are necessary, and make a conscious effort to minimise our amount of unnecessary printing – both for ourselves and for the environment. NSW ... read more >>

How Paperless Can You Be With Your Trust Accounting?2019-07-08T06:08:57+10:00

The Grim Reality of Cyber Theft

2019-07-08T06:10:30+10:00

How to ensure you are not a victim Cyber theft. With the everyday pressures of end of month deadlines, audits and general day-to-day business, one of the last things you’d think you have to be concerned about is cyber theft. Think again. Unfortunately, cyber theft is not only here to stay but is on the rise. Amongst the hard-working, dedicated ... read more >>

The Grim Reality of Cyber Theft2019-07-08T06:10:30+10:00

Backup! Backup! Backup!

2019-07-08T06:11:13+10:00

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 >>

Backup! Backup! Backup!2019-07-08T06:11:13+10:00
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