Trustpak

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Trustpak is a comprehensive trust accounting software designed to streamline the management of trust accounts for professionals across various industries, including legal practitioners, real estate agents, and financial advisors. By automating complex and time-consuming tasks, Trustpak ensures compliance with stringent government regulations, enhances accuracy, and improves operational efficiency. The software is tailored to meet the specific requirements of multiple countries, offering localized versions for regions such as Australia, Canada, the United Kingdom, and the United States. Key Features and Functionality: - Compliance Assurance: Trustpak is fully compliant with the trust accounting laws and regulations of various countries and states, including the USA State Bars of New York, New Jersey, Maryland, Florida, Connecticut, and Pennsylvania, as well as Australian state trust accounting regulations. - Multi-Bank and Multi-Currency Support: Users can manage multiple trust bank accounts and handle transactions in different currencies, facilitating operations for businesses with diverse financial needs. - Automated Reconciliation: The software offers a comprehensive reconciliation system that allows users to reconcile bank statements, trust accounts, and cash books with ease, including an auto-match feature for bank statement items. - Document Management: Trustpak includes a complete document management system, enabling the creation of templates with version history and automatic letter generation for clients. - Role-Based Security: Access to Trustpak functions is controlled by role-based security, allowing administrators to assign specific access levels to staff based on their roles within the organization. - Interest Distribution and Fee Collection: The software can distribute interest to client accounts based on their average daily balance and automatically charge fees to client accounts, streamlining financial management processes. Primary Value and User Solutions: Trustpak addresses the challenges associated with manual trust accounting by automating repetitive tasks, reducing the risk of errors, and ensuring compliance with complex regulations. By providing features such as multi-bank and multi-currency support, automated reconciliation, and robust security measures, Trustpak empowers professionals to manage trust accounts efficiently and accurately. This leads to significant time savings, enhanced financial transparency, and the ability to focus on core business activities without the burden of manual accounting processes.

Infobiz Solutions

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Cloud-based trust accounting software: Compliant in all states of Australia