Trust accounting not your favorite thing to do? Me either! But knowing your numbers and how to be savvy with your trust accounting is key in the property management industry.
In this episode I chat with Nicole Johnston,the founder of Trustd Figures who takes us through her trust accounting secrets! Trustd Figures provides fixed price trust accounting outsourcing for real estate agencies. Trustd Figures offer unlimited account queries at any time each business-day - and do not timebox their time spent on your account. Nicole’s team consists of senior trust accountants and consultants and they promise to eliminate your business compliance risks by keeping your trust accounts compliant.
If you set up your feed types correctly in the back end of your software, whether it's PropertyMe, Console or Property Tree or any other software that you're using, set up your feed types and set the triggers up, so that they automatically charge. - Nicole johnston
We explore:
Nicole’s journey and how she got into trust accounting
The efficiency brought by cloud-based systems in reducing time wasted fixing errors
How to prepare for the end of the financial year to stay calm and navigate it smoothly
Clear instructions about accessing financial statements to prevent follow-up emails and re-sending documents
The rise of new trustless software programs and their pros and cons
Key things we should know about trust accounting that we might not know
