#trustaccounting

Standardising Data Entry for Invoices

2021-09-15T13:37:47+10:00

Data entry is an area we see a huge variance in standards between agencies. Some are good - yet some are very, very bad. Let's be honest, like ironing our clothes for the following work week - data entry sits at the rock bottom of our to-do list. Why is it so important to have consistency within an agency? Just ... read more >>

Standardising Data Entry for Invoices2021-09-15T13:37:47+10:00

Bulk Bpay and Overseas Banking – Setting the Record Straight

2020-10-22T10:13:45+10:00

Today we bring you two issues we are seeing crop up frequently in trust accounting forums and discussions relating to bulk Bpay and overseas transactions. We see clients discussing the limitations of their trust accounting software when it comes to processing Bpay in bulk and paying into overseas bank accounts. We set the record straight. Bulk Bpay We'll only say ... read more >>

Bulk Bpay and Overseas Banking – Setting the Record Straight2020-10-22T10:13:45+10:00

Appointing a Class 1 License Holder to Approve Trust Account Payments             

2020-09-25T10:52:32+10:00

Under the new 23rd March 2020 licensing reforms, a Class 1 & Class 2 may carry out all functions in their area of practice. However, only the nominated Licensee in Charge may authorise the withdrawal of money from a trust account. Depending on your business structure, it may necessary for the Principal Licensee to appoint additional Class 1 license holder ... read more >>

Appointing a Class 1 License Holder to Approve Trust Account Payments             2020-09-25T10:52:32+10:00

Functions of an Assistant Agent & Trust Accounting

2020-09-15T14:22:29+10:00

Deciphering the legislation changes As of 23rd March 2020, we saw changes to the legislation which meant that Certificate of Registration Holders transitioned to Assistant Agents. The new legislation brought about some changes to the daily functions of a person working in a trust accounting role. They can no longer perform all of the same duties as prior to 23rd ... read more >>

Functions of an Assistant Agent & Trust Accounting2020-09-15T14:22:29+10:00

End of Month Angels COVID-19 Message

2020-03-22T22:57:11+10:00

As COVID-19 (coronavirus) continues to impact people and businesses across the world, we want to share an update on the steps that End of Month Angels is taking to ensure business continuity for our clients here in Australia. Safety of our Angels and clients is paramount, as such, we are taking prompt actions to minimise risk as much as possible. ... read more >>

End of Month Angels COVID-19 Message2020-03-22T22:57:11+10:00

The Paperless Office Rent Roll Owner

2020-04-09T02:27:44+10:00

When Going Paperless is the Norm Anyone who has the pleasure to sit my trust account training hears me speak of how I ran a paperless office in 2007. Yep, imagine that - a paperless office way back with 2007 technology. How did she do it?! Well, I tell a small lie. It wasn’t completely paperless. It was almost paperless ... read more >>

The Paperless Office Rent Roll Owner2020-04-09T02:27:44+10:00

NSW Reforms & Property Management Compliance

2020-02-18T23:55:09+10:00

There are certain components of the upcoming Licensing Reforms (23rd March reminder!) that specifically concern Property Managers and Property Manager compliance. As a quick summary, these points are: Current License holders will transition to Class 2 License holders Certificate of Registration holders will transition to Assistant Agents If you’re currently approving EOM payments, you will not be able to do ... read more >>

NSW Reforms & Property Management Compliance2020-02-18T23:55:09+10:00

NSW Licensing Reforms & Trust Accounting Compliance

2020-02-14T01:26:10+10:00

As you are all very hopefully aware the 2020 NSW licensing reforms come into effect on 23rd March this year. Here we summarise the changes that are coming your way, what you need to do to prepare and how it will affect you. The 2020 NSW Licensing Reforms in Brief What Has Changed? There is now a requirement to have ... read more >>

NSW Licensing Reforms & Trust Accounting Compliance2020-02-14T01:26:10+10:00

Top 10 Trust Accounting Mistakes to Avoid in 2020

2020-01-31T01:11:36+10:00

As we discussed in our latest blog, people in business make mistakes. From the rookies through to those who have been in the industry for over 10, or even 20 years, can still make monumental errors. Yet, it never ceases to amaze the extent of the trust accounting mistakes we see on a daily basis. So it prompted us to ... read more >>

Top 10 Trust Accounting Mistakes to Avoid in 20202020-01-31T01:11:36+10:00

Tenant Dishonoured Rent Payments ~ Best Practice Tips

2019-10-10T02:39:21+10:00

What is a dishonoured rent payment? A dishonoured rent payment occurs when a rental payment made by the tenant bounces in the trust account. As a result, it is shown on the debit column of the bank statement. So when this happens, what do you do? We detail the best practice solution you can implement when a dishonoured tenant rent ... read more >>

Tenant Dishonoured Rent Payments ~ Best Practice Tips2019-10-10T02:39:21+10:00
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