Management / Trust Accounting Solution
Management Accounting Software enables co-ownership management models where portions of an entire operation (Resort, Hotel, etc.) have different owners. The operators are generally management companies who need to justify the business model and revenue and expenditures to the body corporate.
Trust accounting while a visibly similar model, is further regulated and operates under a strict set of laws. The origin of modern Trust Accounting legislation as it pertains to the Accommodation industry was codified by the Queensland Government since the 1960s and has been largely replicated in regions and countries where legislation is expected.
Within Australia, Trust Accounting is a requirement and non-negotiable for many operators, and great opportunity for vendors. It makes no sense to use a solution without Trust Accounting compliance embedded.
Mews requires a valid Trust Solution.
AdminBen Hohnen
(Admin, Mews Systems)
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