Some friends come into your life at different stages…

There are your childhood friends – the one that know all about you.

There are your school friends – the ones you grow up with.

There are your kids parents friends – the ones you trek off with to kids sport every weekend.

Then there is your Trust Accountant. Now this one is a keeper.

As a Licensee or Officer in Charge, there are a lot of facets to the day-to-day running of your business. How great would it be to have a friend you can fall back on in times of need? When invoices and receipts are piling up and reconciliations are falling further and further behind. That friend is your Trust Accountant – and they are the best friend your agency can have.

Top 5 Qualities of your Trust Accountant Best Friend

  1. They are dependable

    Your trust accountant isn’t going to do the runner when the going gets tough. They are here for the long haul. In fact, that is when they shine their brightest. End of Month will become a joyful experience as opposed to one that is fraught with dread and anxiety.

  2. They are privvy to the latest gossip

    By the latest gossip, we mean the latest in the rules and regulations regarding trust accounting best practice. No more being left in the dark. Never agin will you fear of being not compliant and left to your own devices in the playground. Your trust accountant will ensure you remain compliant at all times and your agency is meeting its regulatory requirements.

  3. They are flexible

    Outsourcing gives you more flexibility as you are paying only for the services you use. So not only are you creating a more flexible work environment, it is also a more cost-effective solution.

  4. They give you more time

    Outsourcing your trust accounting allows you to delegate those tasks of your business to the professionals so you can get on with more pressing issues. Instead of labouring over accounts and receipts, you can now spend the time building and growing your business.

  5. They know the latest trends

    No longer will you be left with last year’s stone wash denim jeans. Your trust accountant knows the latest technology and trust accounting software to ensure you keep up with the best of them. They work with trust accounts day in and day out, so they know the best innovations out there to ensure the job is as effective as possible. No doubt they will be attending Professional Development sessions and expos, keeping an ear to the ground for the latest innovations to help improve your business (and in turn make their lives easier at the same time!)

So, we shouldn’t need reasons to convince us of why we should keep a hold of our best friends. But hey, it was worth the effort. Because it helps you to see why your Trust Accountant truly is the best friend your agency could have – no matter what way you look at it.

– 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 20 years industry experience. Don’t trust just anyone with your trust accounting. Book an appointment with an End of Month Angel today.