A lot of Estate Agencies are not using Acquaint to its full potential and are missing out on many of the features that the system can provide to keep your business compliant.
The management of the Client Bank Accounts can be extremely time consuming and can cause significant stress, particularly at the time of the licence renewal, if you haven’t been keeping on top of it.
From our experience this results in a huge amount of time and effort being spent by management and staff to resolve reconciliation issues. This can give rise to a substantial ”opportunity cost” to your business as your time could be better spent running the business and winning new business.
In addition, this can result in unnecessarily high fees to your accountants for the completion of the Accountant’s Reports and for the year-end accounts, because of ongoing issues with the Client Bank Accounts.
So, by using Acquaint properly, and keeping up to date on all your client bank accounts and balances, you will have the comfort of knowing you are in control of your business’s finances and can then use the various tools and management reports to gain valuable financial information on how your business is doing.
We can offer financial consultancy to:
We are currently offering a FREE 30 minute health check consultation to discuss and advise on your current situation and to help identify the issues that you are experiencing with Acquaint transactions, your Client Accounts and your bank reconciliations.
If, after this free consultation, you feel you would benefit from further assistance, then we can arrange additional sessions. Most sessions last one hour and the cost is €75 per hour (plus VAT).
Orla Murphy (FCCA) is a qualified accountant with over 20 years’ experience in financial services, and a detailed understanding of the financial side of real estate management, lettings and sales. Accordingly, Orla is perfectly positioned to provide professional advice to Estate Agents.
Orla has been working with us for some time now, providing invaluable assistance to many of our customers.
Check out step by step guide to processing rent or how to set up your client account in Acquaint.
Ciaran Behan on Friday, May 15, 2020 in Blog