Features Highlights
- BuildTrust is an accredited CDR recipient to receive bank feeds directly from the bank via open banking. This automated bank feeds feature helps builders manage cashflow on a real time basis. Our trust focused bank reconciliation module helps builders meet 3-way checks using automated bank feeds so that they can stay compliant with monthly bank reconciliation requirements.
- QBCC has approved selected financial institutions where the trustee can open their bank accounts to manage statutory trust accounts for PTAs and RTAs: https://www.qbcc.qld.gov.au/running-business/trust- accounts/opening-using-trusts/approved-financial-institutions
The automatic bank feeds feature allows builders to connect and import bank transactions for both the Project Trust Account and Retention Trust Account. - Depending upon the preference of the user, BuildTrust provides an option to reconcile bank transactions side by side or as per list view. We are the first ones in Australia to incorporate this extremely useful feature!
