Trust Account Management
Built for Australian accountants and tax agents to automate Fee from Refund
Built to support APES 310 record-keeping
ATO refunds into trust
Request the ATO EFT refund report from Exacc, or import a report file from your tax software. Each refund is matched to the client by TFN and added to their trust job.
Client authority
Create a trust job for each client with the expected refund, your practice fee (a fixed amount, your unpaid invoices or a percentage), any other payee and the remainder to the client. Download the Authority form for the client to sign.
Fee from Refund, paid by ABA file
Tick the jobs to pay and create one ABA file for your bank with your fees, other payees and client remainders. Confirm it as paid: fees are recorded as payments of your invoices to that client, and each client can be emailed their statement.
Trust records
See every deposit and payout with the opening balance, one client at a time if you like, find a transaction by its reference and list jobs by status and client. Built to support APES 310 record-keeping.
Built for Australian accountants and tax agents
One of our tools for accountants and tax agents. Talk to us and switch to Exacc