Real Estate Accounting Services

TRUST ACCOUNTING

Areas of Practice

  • Outsourced Trust Accounting
  • Sales Trust Accounting
  • Rental Trust Accounting
  • Balancing Trust Accounts
  • Trouble Shooting
TRAINING

Areas of Practice

  • In-house training
  • Certificate III in Property Services (agent’s rep)
  • Certificate IV in Property Services (Full Licence)
  • Time Manangement
  • Plus many more Certificates to choose from
ADMINISTRATION

Areas of Practice

  • Procedure Manuals (designed to suit your team)
  • Pro forma letters
  • Data base Health Checks
  • Efficiency reviews
  • Temp Staff available
From as little as $150.00 per week for Outsourced Trust Accounting*
  • Daily receipting on all rents
  • Daily Reconciliation of Rental Trust Account
  • Daily, weekly, fortnightly or monthly Landlord Statements
  • Daily invoicing of Creditors
  • Weekly or monthly Creditor Statements
  • End of Month Rollover
  • End of Financial Year Rollover
  • End of Financial Year Landlord Statements

*depending on the size of your portfolio

 

Money Saving
  • Property Manager can now concentrate on BDM, saving another wage
  • Trust Accountant wage possibly cut in half, saving 50%
  • Superannuation and tax will not be paid on Trust Accountant, saving 9%
  • GST is claimable on Trust Accountant, saving 10%

 

Growth of your rent roll
  • Property Managers will have more time to concentrate on business development

 

Accounting records expertly prepared
  • Experienced and qualified staff
  • Less errors on your trust account
  • In accordance with Estate Agents Act
  • Auditing process will be quicker and easier, auditor will be happy

 

Trust accounts audits

Estate agents must:

  • Have their audit reports completed within three months after 30th June each year
  • Lodge a copy of the audit report to Consumer Affairs within 10 business days of receiving it from their auditor

For more information – Auditing estate agents trust accounts page on the Consumer Affairs Victoria website

Increased customer service to your landlords
  • Property Managers will now have more time to give your landlords the service that they expect
  • Clients will appreciate that extra service and refer your office