The Trust Accounting module is easy to use and provides full mobility through access from any device. Combining innovative solutions such as guest and owner portals and with a 20-year heritage in trust accounting compliance, The Hospitality Cloud is a proven solution for any business requiring trust accounting. 

The Owner’s Accounting module seamlessly fits in the Hospitality Cloud to provide 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 the owners and the manager’s accounts.

The Trust Accounting module allows property managers to maintain individual owners funds in a separate (trust) accounts or through the Owner Accounting function where funds are managed through a single bank account.

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Owner Accounting Features:

  • Detailed Owners statements
  • End of month process
  • Pay owners and managers during or at the end of the month
  • Easy access to owners details from the booking chart
  • Option to establish individual payment arrangements for each owner
  • Bulk Owner Charges feature for posting multiple charges to owner accounts during the month
  • Extensive 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
  • Extensive tools assist in the equitable and even allocation of reservations across units

Trust Accounting Features:

  • Detailed Owners statements
  • Bank Reconciliation
  • Third party payments
  • End of month process
  • Trust pooling option
  • Pay owners and managers, and third parties during or at the end of the month
  • Easy access to owners details from the booking chart
  • Option to establish individual payment arrangements for each owner
  • Bulk Owner Charges feature for posting multiple charges to owner accounts during the month
  • Extensive 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
  • Extensive tools assist in the equitable and even allocation of reservations across units
  • Leaseback/Performance Guarantee capability
  • Ability to have multiple contract types in one system (eg. Standard Letting, Trust Pooling, Performance Guarantee) 

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