BTMsoft Trust Account management software is designed for Accounting practices offering Fee from Refund service, but can be used with all other transactions.

Fee from Refund features

• import EFT reports received from ATO daily & assign to Clients automatically
• review and calculate your available fees, pay all your available fees in one bank transaction and record each fee separately against Client’s funds
• send out all refunds in one multiple transaction through ABA file

Data management

• sync Clients from CSV to keep consistent data with your tax software
• make other transactions: accept funds from Clients, pay their tax / expenses, transfer between Clients etc.
• backup feature

Control and Audit

• keep detailed track of each transaction for compliance purposes
• manage & control money flowing in and out of your Trust Account
• keep constant track of your Clients’ balances
• reconcile account easily
• review overdue jobs to recover your fees
• prepare audit documents and get your audit done quicker

Communication

• send reports to Clients, keep them informed of the status of their money
• easy access to Client history to assist with any enquiries