Trust Accounting & Compliance

Trust Accounting

40 min read33 viewsFinancials → Trust Accounting

🎯 Objective

Manage client trust funds with full segregation, record all trust transactions, generate compliance reports, and reconcile trust accounts.

💼 Business Purpose

Trust accounting is a legal requirement for licensed property managers. Commingling trust funds with operating funds is grounds for license revocation.

🗺️ Navigation Path

Financials → Trust Accounting

Important Warning

Trust accounting errors can result in loss of your property management license. When in doubt, consult a licensed accountant.

📜 Compliance Note

Trust accounts must be reconciled monthly. Client funds must never be commingled with operating funds. Retain all trust records for 7 years.