In this episode, I am joined by Alicia McClurg, Training and Development Specialist at ProfitCoach.

We discuss:

(00:00:00 ) - Intro

(00:02:07 ) - Alicia’s background and career

(00:03:09 ) - Trust Accounting vs. traditional SMB accounting

(00:08:01 ) - Should PMs hire a full-time bookkeeper?

(00:12:40 ) - Triple Tie-Outs

(00:15:18 ) - What are the most common ways accounting gets out of sync?

(00:22:08 ) - Sponsor - The Kalmar Group

(00:23:49 ) - What are some nightmare problems you’ve uncovered?

(00:31:28 ) - What areas are software really assisting in TA and where is it lacking?

(00:42:06 ) - Sponsor - PMW

(00:43:51 ) - What resources are available to learn more about Trust accounting?

(00:48:33 ) - 1099s

(00:56:05 ) - Accounting cadences

(01:04:43 ) - How should we think about standardization in Trust Accounting?

Learn more & connect with me here:

⁠Crane⁠, the private community for property management business owners.

⁠My Free PM Newsletter⁠

⁠RL Property Management⁠

Learn more and connect with Alicia here:

Alicia on LinkedIn

Profit Power Hour Webinar Registration

ProfitCoach

The content of this podcast is for informational purposes only and does not constitute professional advice. I may have consulting agreements with, or financial interests in, companies mentioned in this podcast. Additionally, some of the links included may be affiliate links, meaning I may earn a commission if you purchase through these links. Always perform your own due diligence before making any financial or business decisions.