Keep properties running smoothly

Icon Owner Trust Accounting RMScloud

With our trust accounting software, property managers can maintain individual owners funds in a separate (trust) account or through the owner accounting function where funds are managed through a single bank account. It’s designed to be user-friendly and is easily accessible from any device. With over 20 years of experience in trust accounting compliance, we know exactly what works for businesses in need of trust accounting.

Our owner’s accounting module is a convenient and effective system for managing all transactions between owners and managers. Use the owner’s accounting module to record and report revenue and expenses for all your owners and managers accounts.

Use the owner and trust accounting modules to view detailed owners statements, carry out end-of-month processes, get easy access to owners details from the booking chart and much more.

Trust accounting features:

→ Bank reconciliation

→ Third-party payments

→ Trust pooling option

→ Pay owners, managers and third-parties during or at the end of the month

→ Option to establish individual payment arrangements for each owner

→ Bulk owner charges feature for posting multiple charges to owner accounts during the month

→ End of month expenses options for setting up set owner charges per letting agreements

→ Any combination of permanents, holiday lettings and owner-occupied units in the same complex

→ Tools to assist in the even allocation of reservations across units

→ Leaseback/performance guarantee capability

→ Keep multiple contract types in one system (e.g. standard letting, trust pooling, performance guarantee, etc.)

 

Owner accounting features:

→ Pay owners and managers during or at the end of the month

→ Option to establish individual payment arrangements for each owner

→ Bulk owner charges feature for posting multiple charges to owner accounts during the month

→ End of month expenses options for setting up set owner charges per letting agreements

→ Any combination of permanents, holiday lettings and owner-occupied units in the same complex

→ Choose which units are in the letting pool at any time

→ Tools to assist in the even allocation of reservations across units

 

What else can you get with RMS?

 

As well as helping you navigate owner and trust accounting, we also offer plenty of other property management benefits:

Orange Owner Portal

Owner portal

Give your owners the power to track and manage their availability, reservations and end-of-month statements. This is ideal for managers of strata units, giving them controlled access to information relating to their individual unit.

Purple Channel Manager

Internal channel management

Extend your reach, manage multiple bookings and save money with our very own channel manager. Connect to leading OTAs straight from your RMS software without having to connect to a third-party.

Green Booking Chart

Manage multiple properties

Use RMS Enterprise to manage your properties and groups from one flexible location. Combine all the data into your RMS system to view accurate reports and prevent guest duplication.

Cyan Module Market

Increase business efficiency

Connect to third parties via our open API or choose from our extensive range of integrations that include payment gateways, POS, revenue management and more. All your integrations are accessible via RMS.