Vendor Paid Advertising - Introduction
As an agent, you need to hold funds in your trust account for vendors who wish to pre-pay for selling expenses on a property. The system allows you to set up accounts for these funds, administer them, and give the vendor a statement of the balance. You will pay your expenses out of your business account, and then periodically refund your business for accounts paid on behalf of the vendors.
It is essential to be able to enter the initial estimates of expenses before receiving the final accounts. In this way, it is possible to keep track of the balance of an account, so that it is not over spent.
There are a number of programs associated with this function available from the Trust Account Dropdown Menu:
The transactions on an account may be viewed on the Main GeeDee Desktop.
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Trust Accounting & Property Management Software with Enterprise Electronic Document Management.