Trust Accounting

This essential Trust Accounting elearning course is your key to mastering the intricacies of Trust Account management in your Agency.

Description

This essential Trust Accounting elearning course is designed to guide you through the intricacies of your everyday banking procedures, reconciliation practices, and disbursement processes.  We'll delve into the nitty-gritty details, explaining each step from receipting to withdrawals and adjustments and even shedding light on the do's and don'ts of withholding funds.

This course offers you not only an introduction to the essential basics but also provides a deep dive into the complexities of trust accounts. Whether you're a seasoned professional or just starting in the industry, this course equips you with the essential knowledge and skills needed for seamless financial operations.

Explore the significance of trust money, navigate governing legislation, and understand the risks involved in operating a trust account. Learn the nuances of daily banking processes, accurate receipting, and the art of reconciliation. Gain insights into the disbursement process, preparing for end-of-month and end-of-financial-year tasks.

Beyond the operational aspects, delve into the crucial topics of record-keeping, auditing, and fraud prevention. Real-world case studies offer practical insights, ensuring you not only meet compliance requirements but also excel in ethical financial practices.

Topics

This course is broken into seven topics which focus on different aspects of Trust Accounting practices in Property Management

  1. Introduction to Trust Accounting
  2. Receiving and Receipting
  3. Transacting in a Trust Account
  4. Reconciliation of a Trust Account
  5. The Disbursement Process
  6. Records and Auditing
  7. Fraud and Fidelity

Investment

Only $199.00 per person including GST. 

Member Pricing

Member Badge


Real Estate Dynamics Membership
Free and unlimited access for your team

Clients with a legacy membership may be eligible for discounts. For more details, please speak to our team.

Delivery Method

A learning program to suit your schedule!  

This course is designed as a self-paced eLearning program, completed fully online, consisting of 7 modules, quizzes, videos and resources to apply your learning into your workplace. 

Learning Outcomes

In this course, you will learn how to: 

  1. Learn how to find your state and territory legislation regarding trust accounting laws.
  2. Determine how to properly record and track money coming into and going out of a trust account.
  3. Discover the process of reconciling a trust account and identify common mistakes that lead to discrepancies.
  4. Understand when and how to make various payments from a trust account.
  5. Identify ways to make trust account transactions more secure.
  6. Gain valuable tips and tricks for efficiently managing trust funds daily and maintaining accurate records.
  7. Recognise the signs of trust account fraud and take proactive measures to prevent it.

Who Should Attend?

This course is suitable for anyone working within the property management industry.

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