Trust account, rent roll, owner statement, three-way reconciliation — client money that can never touch the operating account, governed by state law, with annual independent audits due on staggered state deadlines.
Said precisely, not overstated: this product does not do trust accounting today. No owner/tenant sub-ledger, no three-way reconciliation, no owner-statement generation — that’s real work, scoped and logged, not a gap to write around with vague language.
Worth knowing regardless: new AUSTRAC AML/CTF customer due diligence and suspicious-matter reporting obligations land 1 July 2026, layered on top of existing state trust law — likely top-of-mind for anyone in this vertical right now, whether or not it’s this product’s job to solve it.
Connect your Xero account and see what it finds on your actual last close, not a demo.