Trust Accountant

Trust Accountants play a vital role in the real estate property management sector by managing financial transactions related to trusts and fiduciary accounts, ensuring compliance with legal and regulatory standards.

A better way to hire a trust accountant

Trust accounting

Trust Accountants are responsible for maintaining detailed records of trust transactions. This includes accurately recording and tracking funds flowing in and out of trust accounts, ensuring complete transparency.

Distribution recording

They manage the distribution of trust assets to beneficiaries. This includes disbursing rental income, security deposits, and other trust funds to property owners, tenants, and other stakeholders.

Tax reporting

Preparing and filing tax returns for trust accounts is a key responsibility. Trust Accountants ensure that all necessary tax documentation is accurate and submitted in compliance with tax regulations.

Compliance work

Ensuring compliance with legal and regulatory standards is paramount. They regularly review trust account transactions to confirm adherence to established guidelines and report any deviations.

Month end close

Trust Accountants reconcile trust account statements to verify the accuracy of financial transactions. This process helps identify discrepancies and ensure the integrity of trust funds.

Record keeping

Maintaining comprehensive records of trust transactions is essential. They document all financial activities related to trusts, which is critical for both auditing and legal purposes.

How it works

We've simplified the process, making it effortless to tap into top-tier offshore talent. With us, managing staff wages, ensuring comprehensive HR support, and more are all seamlessly integrated. You focus on your business, and we handle the rest. It's that straightforward and hassle-free.

Recently hired elephants

Graduate Accountant
Pivot table king
Team leader
Organisational wizard
Finance Analyst
Enjoys travelling
Finance Analyst
Music lover
IT Administrator
Lover of all things tech

Frequently asked questions

What is outsourcing accounting to Sri Lanka, and why is it popular?

Outsourcing accounting to Sri Lanka through us means gaining access to a wealth of financial expertise at a fraction of the cost. It's popular due to the remarkable efficiency and quality our team delivers, making it a strategic choice for businesses focused on excellence and cost-effectiveness.

How can I assess the quality of accounting professionals in Sri Lanka?

We understand your quality concerns. When you choose us, you're selecting a team that's rigorously vetted and backed by a history of excellence. We're dedicated to providing top-tier professionals who consistently meet and exceed industry standards.

Is data security a concern when outsourcing accounting to Sri Lanka? And what are your policies?

We share your commitment to data security. Our practices include the highest standards of data protection. With cutting-edge encryption and unwavering compliance with international data security norms, your confidential information is safeguarded with us.

What are the communication challenges when outsourcing to Sri Lanka?

We're adept at transcending communication barriers and helping you do the same too. Our professionals are fluent English speakers, and we prioritise transparent channels, regular updates, and virtual meetings to ensure seamless collaboration.

What are the typical contract terms for outsourcing accounting to Sri Lanka?

Our flexible contract terms reflect your unique needs. Whether you require short-term project support or a long-term partnership, we're committed to creating a contractual framework that fits your objectives. When you choose us, you're choosing adaptable solutions tailored to your success.

Are there legal and regulatory considerations when outsourcing accounting to Sri Lanka?

Legal and regulatory compliance is in our DNA. We're well-versed in local and international regulations, allowing you to confidently navigate this landscape. Partnering with us ensures that your operations align with the highest legal standards.

Get in touch

We're here to help. Get in touch now to start your journey towards greater capacity and growth.