QBCC Project Trust Accounts
Does MYOB have an ability to comply with the QBCC record keeping obligations under BIF Act - with regard to the maintenance of a "Seperate Trust Account Ledger" capable of providing seperate ledgers ...
Forum Discussion
So did any of you guys get an answer. I've been asking MYOB the same question for the last 2 years and still waiting....
Nope.
Disappointing MYOB is not looking into this. They could potentially lose a lot of businesses if they can't accomodate to industry requirements.
Would someone from MYOB please reply to this post? We have only a few months to go and really don't want to change software.
Hi Everyone
AccountRight/ MYOB Business will store all the account information and transactions recorded in the system into one company file/MYOB Business.
If you need to differentiate a transaction or group of transactions it can be done through Jobs or Categories. Alternatively, depending on the requirements, a fully separate company file.Hi Steven,
I've attached a couple of links which highlight the details required:
trustee-guide-trust-accounting.pdf (qbcc.qld.gov.au)
refer to page 7 - Software platforms for keeping trust records
example-trust-project-advice-to-beneficiary-of-withdrawal.pdf (qbcc.qld.gov.au)
payment advice template must include BSB and Account Number
Does MYOB or even MYOB Advanced Construction software have the capability to include these requirements?
Thank You.
