What is Outsourced Trust Accounting?

Ah the golden question.

It’s truly one of our favs.

First off, let me tell you what it certainly is NOT.

It’s not just balancing a bank statement to the software.

OK good.

So, what is it?

In simple terms – it’s our gift to you!

Our Outsourced Trust Accounting is a combination of many things that leads to the successful day-to-day management of the financial data in your Trust Account.

  • It’s ensuring that things are done that comply with legislation.
  • It’s ensuring that the data for your staff is correct so they can dive in and get busy with tasks like chasing up rents.
  • It’s helping your staff understand what the software says.

I’m interested. What options do I have for Outsourced Trust Accounting?

We can help you out and take on your full Trust Accounting processes, so all you need to do is the Property Management.

Sound too good to be true?

Here’s a list of the types of services we can provide:

A Daily Outsourced Trust Accounting Checklist

  • Daily download your bank report and statements.
  • Reconciling of accounts.
  • Daily SMS alerts regarding your account status.
  • Entering creditor invoices.
  • Invoice management.
  • Processing of landlord and creditor payments.
  • Processing disbursements from the Trust as required.

Support is as easy as 1-2-3

Our Outsourced Trust Accounting service is delivered via Client Support Blocks.

Client support blocks are basically time purchased in advance at a set rate. We offer blocks of 5, 10, 15 and 20 hours. You can choose the block that suits you and your agency demand.

What can you use Client Support Blocks for?

Whatever your heart desires!

  • We can support you and help you come up with policies and processes.
  • We can help with your Property Management best practices like when to know to call in the experts.
  • Setting up staff KPIs.
  • We are on hand to answer any of your Trust Accounting questions (no question is too big or too small!)

You can find out more on our simple Client Support Block Q&A for all your questions.

If you have more, simply get in touch with us and we’ll give you the rundown or get you onboard our Client Support team.

Jane Morgan is the Director of End of Month Angels, a consultancy firm specialising in Trust Accounting. Jane knows the legislative requirements of running a successful Real Estate office through her 26 years’ industry experience. Don’t trust just anyone with your trust accounting. Book an appointment with an End of Month Angel today.