Trust Accounting Software for Builders in Australia
About Us
With the recent changes to the BIF Act, effective from 1 July 2024, the trust account framework now mandates Project Trust Accounts (PTAs) for certain eligible contracts and Retention Trust Accounts (RTAs) for holding cash retentions. The responsibility for managing these accounts lies with the trustee (typically the head contractor or builder), who must ensure compliance with strict record-keeping, transaction management, and reporting requirements. The QBCC regulates this framework, and BuildTrust is designed to help both trustees and accounting firms simplify these obligations.
BuildTrust is a cloud-based, purpose-built statutory trust accounting software specifically developed to help trustees (head contractors/builders) efficiently manage PTAs and RTAs in one platform, ensuring full compliance with the BIF Act and QBCC requirements on Trust accounting.
Purpose Built for Head Contractors / Builders / Trustees / QBCC Members
Helps meet QBCC Guidelines on PTAs and RTAs
Transparent SAAS Model Per Project
Why Us?
With the recent changes to the BIF Act from 1 March 2021 introduced a new trust account framework that requires project trust accounts (PTAs) for certain (eligible) contracts and retention trust accounts (RTAs) for holding eligible cash retention amounts. Most of the responsibilities under the new framework lie with the trustee (generally head contactor/builder), who is responsible for managing the trust account(s). The QBCC is responsible for regulating the new trust framework and BuildTrust can help both the trustees and Accounting Firms to simplify these requirements.
BuildTrust is cloud based, purpose built statutory trust accounting software designed for the trustees (head contractors/builders) to manage Project Trust Accounts (PTA) and Retention Trust Accounts (RTA) at one place.
Why BuildTrust ?
Purpose built for Builders / Trustees / Head Contractors
Cloud Based Solution with Automatic Bankfeeds
Transparent SAAS Model Per Project
Our Pricing
Professional
$180.00 (Ex. GST)
Monthly Per Project
For project size up to $5Million
- One Project Trust Account (PTA) with Unlimited Bank Feeds
- One Project Trust Account (RTA) with Unlimited Bank Feeds
- No Hidden Transactions Fee
- Manage Unlimited Subbies
- Invite Accounting Firm
- Up to 3 Users
- Reports as per QBCC Trust Guidelines
- Manage Unlimited .aba files
- Automatic Receipts for amounts retained in RTA
- Update and Use Your Own Chart of Accounts
- Two Way Integration with Xero
White Glove Onboarding Service
$300.00
(Ex. GST)
Enterprise
$360.00 (Ex. GST)
Monthly Per Project
For project size between $5M and $25Million
- One Project Trust Account (PTA) with Unlimited Bank Feeds
- One Project Trust Account (RTA) with Unlimited Bank Feeds
- No Hidden Transactions Fee
- Manage Unlimited Subbies
- Invite Accounting Firm
- Up to 10 Users
- Reports as per QBCC Trust Guidelines
- Upload Project Documents
- Manage Unlimited .aba files
- Automatic Receipts for amounts retained in RTA
- Update and Use Your Own Chart of Accounts
- Two Way Integration with Xero
White Glove Onboarding Service
$300.00
(Ex. GST)
Ultimate
$720.00 (Ex. GST)
Monthly Per Project
For project size above $25 Million
- One Project Trust Account (PTA) with Unlimited Bank Feeds
- One Project Trust Account (RTA) with Unlimited Bank Feeds
- No Hidden Transactions Fee
- Manage Unlimited Subbies
- Invite Accounting Firm
- Manage Unlimited Users
- Reports as per QBCC Trust Guidelines
- Upload Project Documents
- Manage Unlimited .aba files
- Automatic Receipts for amounts retained in RTA
- Update and Use Your Own Chart of Accounts
- Two Way Integration with Xero
White Glove Onboarding Service
$300.00
(Ex. GST)
Get in Touch
Simple & Clear Solution for Complex Problems
ADDRESS
• 16 Nexus Way, Southport, 4215
Ai Agent: 0483 936 962