Managing and processing fee from refund is getting complicated due to its KYC and audit requirements. While outsourcing these tasks has always been the way, it has its own limitations and challenges. TrustEasy brings a perfect solution to this unique problem. An advanced statutory trust management software made for accountants, TrustEasy streamlines and eliminates the risks involved in managing “fee from refund” from your statutory trust account. Many accounting firms don’t realise that they may be breaching the audit requirements by outsourcing it or by not reconciling the bank accounts on time or by not using a software designed to manage specifically the trust account. 

Besides, TrustEasy enables the accounting firms to meet the KYC requirements as suggested by the ATO and Tax Practitioners Boards. Getting automatic bank feeds for reconciliation has never been easy. Unlike most known statutory trust management software, TrustEasy comes with features like automatic bank feeds, POI compliance for KYC recommended by the TPB, standard Authority Letter, Automatic Receipts, and reports for Auditors. 

When you subscribe to TrustEasy, you get the following: 

• Management of Fee From Refund and the Statutory Trust Account  

• Ability to meet Know Your Client (KYC) requirements suggested by the ATO and TPB 

• Automatic Bank Feeds for Bank Reconciliation 

• Hundreds of Accounts for accounting and reporting purposes 

• Integration with Salesforce (Accountant Cloud),  

• One by and one and Bulk reconciliation by uploading the lodgement report from the Tax software and the ATO EFT reconciliation report in given templates 

• Generate .aba files for your fees along with clients’ net refund to upload 

• Audit Trail 

• Unlimited Email Support 

To know more about subscription plans, contact us today. Visit our website https://trusteasy.com.au/ 

Outsourcing the fee from refund management has its own limitations. But, TrustEasy - a statutory trust management software for accounting firms enables you to efficiently manage fees from refund (FFR) processing. FFR Processes are evolving and getting more complex due to the audit requirements from the Accounting body and KYC requirements by the TPB and the ATO. TrustEasy’s main function is to reduce these complexities, save you time and reduce the loss of fees. Besides, TrustEasy offers an advanced interface to view the status of all refunds using Kanban view and complete KYC requirements in accordance with the ATO and TPB guidelines.