
Bank Reconciliation Outstanding Checks in Trust Accounts
It's month-end, the trust bank statement doesn't match the cashbook, and the difference appears to be cheques your agency has issued but the payees haven't

It's month-end, the trust bank statement doesn't match the cashbook, and the difference appears to be cheques your agency has issued but the payees haven't

A trust account is a legally controlled bank account where a real estate agency holds money, such as rent or deposits, on behalf of clients,

Most advice about trust accounting software Australia starts with the wrong question. People ask which platform has the most automation, then treat that answer as

Outsourced trust accounting puts the daily processing of your agency's trust accounts in a specialist's hands. The provider works within your systems and procedures; your

The rent receipts are waiting, an owner wants their payment released, and someone has emailed new bank details just before the payment batch is ready.

You're checking the trust account before owner payments go out. The bank balance looks plausible, so at first glance nothing seems wrong. Then a property

It's late on a Tuesday and your office manager is still at her desk. Rent came in overnight, two owners have queried their statements, a

You're closing the office, but a rent receipt still needs checking, a contractor payment is waiting for approval, and last month's reconciliation has an unexplained

The month is closing, the bank statement's open on one screen, and a single unexplained deposit is sitting in the trust account on the other.

You can keep clean daily entries and still miss the deadline that matters most. In trust account bookkeeping, the real risk is often outside the

Australian real estate trust accounts can generate a surprising amount of interest. But that does not mean the real estate agency gets to keep it.

Trust money is where routine admin becomes regulatory risk. Across Victoria, estate-agency businesses were operating 6,210 statutory trust accounts as at 30 June 2025, which
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