SERVICES

HOW OUR OUTSOURCED STAFFING SOLUTIONS CAN BENEFIT YOUR BUSINESS

We take care of…

Recruitment

We recruit and allocate staff allowing you to save.

Training

We put our staff through an extensive training process before being allocated to you.

Management

We manage the staff and ensure continuity throughout the year.

Saving You:

Money

No expensive recruitment costs, or ongoing office expenses.

Time

No time spent interviewing and reviewing potential candidates, managing or training staff.

Stress

Not being left without qualified staff or any other HR issues.

Money

No expensive recruitment costs, or ongoing office expenses.

Time

No time spent interviewing and reviewing potential candidates, managing or training staff.

Stress

Not being left without qualified staff or any other HR issues.

Remote Staff

Remote qualified staff

RealTrust

Australian based management and support

Client

Direct contact with both RealTrust and remote staff

Trust Accounting Service

Charged per lease, scalable to your portfolio

Duties can include:

Accounts receivable
Receipting and banking
Approving one-off charges
Standing charges
Accounts payable
Payment run processing (weekly)
Month-end
Interim payments
Database management
Update leases and property information from software forms submitted

Accounting for lease renewal from software forms submitted
Accounting for lease assignment from software forms submitted
Accounting for vacating tenants from software forms submitted
Approve payment details changes
Accounting for rent reviews from software forms submitted
Bond account management

Property Management Assistance

Either part time of 4 hours a day or a fulltime hours

Duties can include:

Update lease and property information on your software – for approval by the property manager
Arrears management as per client procedures
Carry out rent reviews
Budget set-ups
Diary management – lease options, expiries, etc.
Creditor outstanding reports
Automated invoice processing

Insurance management and record keeping
Landlord portal management
Landlord BAS reporting
General database management as per client request
Work orders
Tenant and owner enquiries

Variable Outgoings Reconciliation

Charged per lease

Duties can include:

Review tenant charges
Review detailed expenses for the period
Look at management fee methodology and investigate discrepancies; the management fee calculated in the VO reconciliation export will be reviewed and any differences investigated
Review actual vs budget expense variances, query major variances with property manager
Calculate and note the expense and tenant adjustment variance percentages
Make adjustments for obvious expense coding errors

Make adjustments for prior and current year accruals
Enter any manual accruals to the journals tab (not the accrued expense tab)
Make adjustments for prior and current year prepayments
Prepare and include directly recoverable expense reconciliation, if required
RealTrust will review the completed reconciliation prior to handing it on to the property manager
Prioritise reconciliations requiring audit
Save final reconciliation in SharePoint

Budgets

Charged per completed budget

Outsourcing the service of updating a budget on Cirrus8 for the new financial year involves engaging a qualified and experienced consultant or service provider to handle the task. This service is particularly useful if the budget for the previous year is already set up on Cirrus8, and the update involves a percentage increase for the new financial year

RealTrust would use the Budgeting module to increase the previous year’s actuals by the specified percentage increase. This can be done directly on the Cirrus8 platform, or changes can be uploaded from Excel. The updated budget would then be seamlessly integrated into the system, making it readily available for variance reporting and other financial analyses.

In conclusion, an outsourced service of updating a budget on Cirrus8 for the new financial year by a percentage increase involves engaging a service provider to handle the task using the Budgeting module of Cirrus8. This service is beneficial for businesses as it ensures expert handling of financial tasks, provides access to advanced technologies, and can be a cost-effective solution.