GeeDee for Windows

Trust Bank Account

Trust Bank Account

Previous topic Next topic No directory for this topic No expanding text in this topic  

Trust Bank Account

Previous topic Next topic Topic directory requires JavaScript JavaScript is required for expanding text JavaScript is required for the print function Mail us feedback on this topic!  

 

The system is specifically designed for use with one Trust Bank Account and one Bond Trust Account. The practice of maintaining multiple Trust Accounts was a practice that evolved before computerised accounting systems and should be avoided at all costs.

 

The reasons for this are:

Lack of confusion - only one set of cheques, only one deposit book.
Computer printed cheques can stay in a printer and there is no need to handwrite a cheque.
Only one set of accounts to audit.
Only one set of statements to collect and reconcile.

 

Reconciliation of the account can be carried out as soon as the statement is received. It is a good policy to have an independent controller, who may check the printouts periodically. The more regularly and frequently reconciliations are done, the sooner errors are found.

 

 

GeeDee Company Logo_Horizontal_MEDIUM
Phone: (08) 9364 6677  | Fax: (08) 9364 7433   | eMail: info@geedee.com.au   | Web: http://www.geedee.com.au/

© GeeDee for Windows Pty Ltd  1984 - 2018             All rights reserved.      Real Estate Software by Real Estate Professionals.

Trust Accounting & Property Management Software with Enterprise Electronic Document Management.