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QBCC Project Trust Accounts

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QBCC Project Trust Accounts

Project Trust Accounts

As per the new QBCC / Building Industry requirements and the specific reporting that needs to be provided to be compliant, is MYOB developing the functions required to be able to produce the required reports?  And if so, when is it likely to be rolled out?

Specifically we need to ensure the following:

- An individual separate trust account ledger for the trust account, capable of providing separate information for each beneficiary.
- Monthly trust account ledger trial balance statements for the project trust account
- Record of deposits and withdrawals
Thank you. 

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