Navigating the QBCC Project Trust Account Framework
The first business management platform designed to help you nail trust account compliance.
MYOB Advanced is now MYOB Acumatica
Take a quick look at how MYOB makes compliance easy
Trust ledger management
Streamline ledger management by automating the input of deposits and withdrawals across separate project and retention trust ledgers.
Simplified reporting and notifications
Save time and stay compliant with easy access to real-time data, auto-generated notifications, and pre-defined reports
for QBCC, beneficiaries, principals, and auditors.
Trust account reconciliation
Avoid lengthy manual processes, quickly identify mistakes and detect fraud with streamlined reconciliations and statements.
Safeguard transaction records
Keep transaction records safe and secure, within the platform, for the necessary duration.
Simple payment setup
Easily set up projects and subcontractors for accurate and trackable payments including retention amounts.
Take it from the experts
Watch Laura Hattin (Principal Consultant, Building Trusts) and Bruce Minty (Senior Product Manager, MYOB) deep-dive into:
- The new trust account framework requirements in QLD.
- The rationale behind the requirements and how they work with existing security of payment laws.
- The steps you need to take to comply with the requirements.
Your blueprint for trust account management
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Your guide to tax and payment compliance in construction
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Top 3 best practices for managing project trust accounts
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How to manage the cost of complying with QBCC trust accounts
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MYOB Acumatica Construction: so much more than trust account management
Effortlessly manage budgets, projects and contracts from anywhere. Plus, simplify project details and reduce complexities with real-time access and more.