Trust Accounting
How We Can Help
Financial Review
Do you feel your financial processes and reporting aren't quite what they should be but are unsure how to fix/update them? We can review your current processes and statements to help create a plan that will improve your financial systems, providing clarity and foresight needed to feel confident in your numbers.
Chart of Accounts Review/Restructure
Does your chart of accounts in your operating system make sense for your business? We can review your chart of accounts and provide recommendations that align with industry standards, resulting in a balance sheet and profit & loss that brings clarity instead of confusion.
PMS Accounting Migration Services
Migrating to a new property management software is overwhelming. Your VRMadvocate team can help! With an in-house trust accounting expert on our team, let us relieve this burden by tackling the accounting portion of the migration for you.
Trust Accounting Consulting/Coaching
Let's face it; trust accounting isn't your ordinary accounting at all! If the complexities of trust accounting have you and your team feeling perplexed, we can help. We can consult and/or coach on all trust accounting best practices.
Monthly Owner Statement Review
We all know how time-consuming it is to review owner statements each month, but your VRMadvocate team can help. We're here to ensure reservations are paid out to owners as intended, commission payouts are accurate, owner expenses are professional and clear! Let us give you back the time to do what you love!
Budgeting/Forecasting
Planning for and knowing your financial goals is important and can help if you're growing, or know your next season may be flat. VRMadvocate can create your next year's budget or create and assist in updating your ongoing forecast so you know how your business is doing in comparison to what you're planning and make adjustments needed as things happen rather than being surprised down the road
Accounting Clean-up/Catch-up
Sometimes accounting gets put on hold because there are so many immediate, unavoidable tasks to take care of. When this happens, the hurdle of getting everything caught up can feel daunting, if not impossible. VRMadvocate is here to help lessen the stress. We can catch up your daily, weekly, monthly and annual accounting tasks and get you back on track!
Accounting Tech Stack
With so many tools available, it's hard to know what tools to use, how to set them up, if they are set up correctly, and how to use them to your benefit. However, this shouldn't hinder you from using a tool to make your life more efficient. We can help decide which accounting tools would be helpful, set them up for you and train your team on how to use them. Or, we can audit your current accounting tools to be sure they were set up accurately and are being used to their potential.
