Weak passwords are a hacker's dream and everyone else's nightmare. The reality is that the online world is far from safe. Hackers are on the constant look out for weak passwords and systems they can breach quickly and easily. Unfortunately, people are still failing to secure their online information and despite the warnings, online accounts are protected by common and ... read more >>
End of Financial Year You just got through the last one relatively unscathed, just a few bumps and bruises to show. You recovered… then you blinked and BOOM! It’s here again. And with it comes higher than normal stress levels, later nights, less sleep and a whole lot of thoughts about how you’ll do it better next year. Well, the ... 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 >>
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 >>
The idea of an overdrawn trust account is is amusing to some agents. It seems odd that a trust account can become overdrawn given the level of funds sitting in the trust account at any one time. How Does an Overdrawn Trust Account Happen? So just how is it possible you may ask? There are many ways that a trust ... 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 >>
How strong is your office’s back-up system? Could you honestly say that you would be able to restore to the previous day’s information if your computer crashed? With the current focus on digital and cloud-based technology, this blog post is about the importance of backing up Trust Accounting information. We use the 3-2-1 process to ensure that you don’t experience ... read more >>
Mention the words 'End of Month' in any Real Estate office and you're bound to receive a few cringes. It really doesn't have to be that scary. I have sat through over 1000 ‘End of Months’. So I have put together a reference on the minor things we commonly overlook in preparation for this event. It's the small things that count. If you're organised then ... read more >>
