THE KEY TO A SUCCESSFUL SWITCH So you have made the big call to switch your trust accounting software provider. Congratulations on making the decision to out with the old and in with the new! It can be a tough decision as switching providers may mean short-term pain – but one that will invariably lead to long-term gain. Now that ... read more >>
Keep it Clean As each day passes EOFY is getting closer and closer and our days of procrastinating on those niggling overdue admin tasks are limited. Let’s admit, we have all had those thoughts of doing a big spring clean on all our systems and procedures. To clear the clutter and make room for some organisation. A fresh start, and ... 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 >>
TIMING IS EVERYTHING Having the right trust accounting software is going to make your life a whole lot easier. If you are having difficulties with your current provider, it is well worth the effort doing some research and making the switch. Like changing banks or insurance providers, changing trust accounting software is probably at the bottom of your ‘things I’m ... read more >>
For one reason or another you have or are considering switching banks for the management of trust accounting. Perhaps your current bank isn’t living up to expectations so you are looking to start fresh with a new provider. Our simple checklist highlights 8 steps to make the transition to a new bank provider for your trust accounting as seamless as ... read more >>
There are some things we can turn a blind eye to. Sneaking in a 3pm sweet tooth chocolate break. Taking an extra biscuit from the staff room stash. Knocking off 5 minutes early to catch some of the last rays of sunshine on a Friday afternoon. But there are some things that you simply cannot ignore. Like your responsibilities as a ... read more >>
PUTTING THE TRUST IN TRUST ACCOUNTS Our blog earlier this month introduced an explanation of trust money and those types of transactions that are required to be deposited into a trust account. To recap, the most common examples of trust money that must be deposited into a trust account are: Residential rent Residential bonds Commercial rent Commercial bonds Strata levies ... 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 >>
This is a hot topic in Real Estate at the moment. Should your agency move the trust accounting software to the cloud or should you remain server based? The answer depends entirely on the individual needs of your agency. There is not one size fits all. It is important to consider some pros and cons of each and decide which ... read more >>
In the Real Estate business, technology plays a huge role in our ability to communicate with our tenants and streamlines the method in which we are able to receive rent into the agency’s trust account. The method by which we collect rent will largely depend on the demographic of clientele and the location of the agency. For example cash payments ... read more >>
