Navigating the QBCC Project Trust Account Framework

The first business management platform designed to help you nail trust account compliance.

Take a quick look at how MYOB makes compliance easy

BLACK_48px_cog-double Trust ledger management

Streamline ledger management by automating the input of deposits and withdrawals across separate project and retention trust ledgers.

BLACK_24px_reporting 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.

BLACK_24px_synchronise-2 Trust account reconciliation

Avoid lengthy manual processes, quickly identify mistakes and detect fraud with streamlined reconciliations and statements.

BLACK_24px_lock-closeSafeguard transaction records

Keep transaction records safe and secure, within the platform, for the necessary duration.

BLACK_24px_task-setting 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.
QLD Trust LP Webinar Tile
All the info you need to guide your business through the QBCC trust account framework is packed up below
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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 Advanced 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.

Speak to an expert about how we can help your construction business