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
BuildTrust is Australia's first assessed trust account software solutions listed by Queensland Government.
Why Us?
BuildTrust is available in the market from day one of the software listing by Queensland Government https://www.housing.qld.gov.au/news-publications/legislation/building/trust-accounts/assessed-trust-solutions
It is self-assessed and has capability to produce trust ledgers and reconciliation statements required under the Building Industry Fairness (Security of Payment) Act 2017 (BIF Act). BuildTrust also allows builders to upload the payment claims in bulk, make variations, approve claims and send payments schedules automatically along with Progress Payment details. On higher plans, subbies can logon to BuildTrust and upload the payment claims which builders just need to accept or reject.
BuildTrust automatically produces remittance advise as per QBCC suggested format and allows for bulk email along with .aba file generation. BuildTrust works seamlessly with other accounting software.
BuildTrust harnesses the power of Generative AI to provide responsive, intelligent customer support around the clock. Backed by ISO 27001:2022 certification, it meets the highest standards for data security and compliance. With its high-agency software design, BuildTrust doesn’t just support your construction project—it empowers your team with confidence, control, and peace of mind every step of the way.
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 Retention 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
- Progress Payment Hub
- Email Payment Schedules Automatically upon Approval
- Upload Payment Claims in bulk
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 Retention 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
- Give Access to Subbies to upload Claims
- Progress Payment Hub
- Email Payment Schedules Automatically upon Approval
- Upload Payment Claims in bulk
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 Retention 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
- Give Access to Subbies to upload Claims
- Progress Payment Hub
- Email Payment Schedules Automatically upon Approval
- Upload Payment Claims in bulk
White Glove Onboarding Service
$300.00 (Ex. GST)
Get in Touch
Simple & Clear Solution for Complex Problems
ADDRESS
• 16 Nexus Way, Southport QLD, 4215
Ai Agent: 07 4277 6666