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TrustEasy

By TrustEasy
5 out of 5 stars
Trust Account Management Software for Accounting Firms to manage Fee From Refund and Statutory Trust Account. Call Ai Agent on 02 3820 5944 to find out more.
Rated
5.0
out of 5
Reviewed by
1
Xero user
Listed for
7 months
December 2023
Key functions
Accountant tools
Practice manager

Overview

TrustEasy is a cloud based Software designed to manage trust accounts for Accounting Firms/Tax Practitioners. Fee From Refund process and trust management can be easier, simpler and faster using our Trust Accounting Software and hence we call it TrustEasy. Call us on 02 3820 5944 to find out more.

At TrustEasy, we did research on the best practice, Tax Practitioners Board (TPB) requirements, the ATO requirements and requirements from the Accounting Body (CAANZ, CPA Australia or IPA). We’ve done the hard work so that Tax Practitioners can seamlessly deliver Fee From Refund service and meet other statutory trust accounting requirements.

TrustEasy + Xero Practice Manager = Peace of Mind to manage a trust account

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TrustEasy integration with Xero Practice Manager (XPM) will allow Accounting Firms to view client list in TrustEasy (One way integration only) so that they can manage the entire Fee From Refund process. Once the client list is imported, Accounting firms can then import the EFT reconciliation report or manually enter the refund details and process refund to generate .aba files for net refund and fees.

TrustEasy comes with purpose built dashboard to present all the refunds processed within the software. It also allows for manual trust receipts and payments to correct payments made into a wrong bank account and bounced back or payments received from the ATO incorrectly. It also allows Accounting firms to make payments to beneficiaries (deceased estate; for example) so that they can be rest assured that their statutory trust account managed easily.

Firms based in Queensland can also use TrustEasy to meet additional trust requirements.

TrustEasy
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TrustEasy + Xero

TrustEasy tightly integrates with Xero Practice Manager. The integration is one way only and it brings in only the clients information from XPM to TrustEasy so that clients records are updated in TrustEasy with a click of a button.

Users will be requesting for the EFT Reconciliation Report from Xero Tax as usual and when they receive it from the ATO (once a day only), they can import that in TrustEasy format.

Processing the Fee From Refund to creation of .aba files and automatic bankfeeds and reconciliation is managed in TrustEasy. All the reports that auditors would need will be produced from TrustEasy.

Reviews & ratings

5.0 out of 5 stars
1 Reviews

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Most recent reviews

NF
Nick Fowell
Posted 28 May 2024
5 out of 5 stars

Great Product, Great Service

Such a breeze to come to this software after Handisoft, has cut our trust account admin times significantly. Customer support have been brilliant and have actioned everything same day. Highly Recommend

Response from TrustEasy

Thank You Nick !

Additional info

Shared data

Xero
TrustEasy
Accountsshared from Xero to TrustEasy
Usersshared from Xero to TrustEasy
Contactsshared from Xero to TrustEasy

Functions

Accountant toolsPractice manager

Industries

Professional servicesAccounting

App details

By TrustEasy
Added in 2023

Countries

Australia

Languages

English

Support

Setup walkthroughContact supportsupport@trusteasy.com.au

Contact

02 3820 5944

Follow

LinkedIn

Get started with TrustEasy

Although Xero reviews each app in the Xero App Store, we can’t give any guarantees. It’s up to you to assess the performance, quality and suitability of any app before going ahead.