Trust accounting is the financial backbone of any real estate agency and the area of highest regulatory risk. Whether you are stepping into a Trust Accountant role for the first time or you are a seasoned Principal seeking a high-level compliance refresher, this intensive half-day course provides the clarity and confidence needed to manage agency funds with precision.
Key Learning Outcomes
Legislative Mastery: Navigate the current Acts and Regulations governing real estate trust accounts to ensure 100% compliance.
The Audit Trail: Learn how to produce accurate financial reports that satisfy internal stakeholders and external auditors alike.
Risk Detection: Develop a 'detective’s eye' for identifying discrepancies, bank reconciliation errors, and potential fraudulent activity before they escalate.
Best Practice Procedures: Implement workflows for receipting, processing payments, and end-of-month procedures that align with industry gold standards.
The OIEC’s Responsibility: A specialized focus on the legal obligations of the Officer in Effective Control to supervise and control trust money.
Who Should Enroll?
New Trust Accountants: To build a compliant foundation from day one.
Principals & OIECs: To understand their personal liability and oversight requirements.
Office Managers: To streamline administrative workflows and ensure office-wide consistency.
A light morning tea will be served throughout the session.
Speakers
Nicole Johnston
Nicole Johnston is a seasoned specialist in real estate trust accounting and the founder of Trustd Figures, a firm dedicated to providing fixed-price trust accounting outsourcing for real estate agencies across Australia. With a career rooted in the operational complexities of property management, Nicole has positioned herself as a vital partner for agency principals looking to mitigate compliance risks and streamline their financial back-end. Nicole is best known for her deep understanding of the "engine room" of property management. Her work through Trustd Figures focuses on: • Compliance Risk Mitigation: Implementing rigorous processes to ensure agencies remain compliant with stringent state-based trust accounting regulations. • Cloud-Based Efficiency: Leveraging modern software to reduce manual errors and provide real-time financial clarity for agency owners. • End-of-Financial-Year (EOFY) Strategy: Providing expert guidance to help property management teams navigate the pressures of June 30 with minimal disruption. • Bespoke Outsourcing: Managing a team of senior trust accountants who provide unlimited support and queries, moving away from traditional time-boxed consulting models. Beyond her leadership at Trustd Figures, Nicole is a frequent guest on industry platforms and podcasts, such as The Property Management Podcast, where she shares "trust accounting secrets" and strategies for agency growth. She is recognized for her ability to translate complex financial and legislative requirements into practical, "human" workflows that property managers can easily implement. Her professional philosophy centres on the idea that a clean and compliant trust account is the foundation of a scalable and profitable rent roll. By removing the administrative burden of accounting from agency staff, she enables them to focus on business development and client relationships.
Nicole Johnston
Nicole Johnston is a seasoned specialist in real estate trust accounting and the founder of Trustd Figures, a firm dedicated to providing fixed-price trust accounting outsourcing for real estate agencies across Australia. With a career rooted in the operational complexities of property management, Nicole has positioned herself as a vital partner for agency principals looking to mitigate compliance risks and streamline their financial back-end. Nicole is best known for her deep understanding of the "engine room" of property management. Her work through Trustd Figures focuses on: • Compliance Risk Mitigation: Implementing rigorous processes to ensure agencies remain compliant with stringent state-based trust accounting regulations. • Cloud-Based Efficiency: Leveraging modern software to reduce manual errors and provide real-time financial clarity for agency owners. • End-of-Financial-Year (EOFY) Strategy: Providing expert guidance to help property management teams navigate the pressures of June 30 with minimal disruption. • Bespoke Outsourcing: Managing a team of senior trust accountants who provide unlimited support and queries, moving away from traditional time-boxed consulting models. Beyond her leadership at Trustd Figures, Nicole is a frequent guest on industry platforms and podcasts, such as The Property Management Podcast, where she shares "trust accounting secrets" and strategies for agency growth. She is recognized for her ability to translate complex financial and legislative requirements into practical, "human" workflows that property managers can easily implement. Her professional philosophy centres on the idea that a clean and compliant trust account is the foundation of a scalable and profitable rent roll. By removing the administrative burden of accounting from agency staff, she enables them to focus on business development and client relationships.
