Build Trust

  Managing trust accounts under the Queensland Building and Construction Commission (QBCC) r eporting and r egulations can be incredibly complex and time-consuming for construction businesses, often leading to potential compliance risks and administrative burdens. However, BuildTrust® offers a revolutionary and seamless solution to these challenges. Our QBCC reporting software has been meticulously designed from the ground up to fully meet the stringent requirements of the Building Industry Fairness (Security of Payment) Act, ensuring your business remains compliant with ease.       BuildTrust® automates critical processes such as trust ledger management, monthly reconciliations, and comprehensive compliance reporting, significantly reducing manual effort and the potential for human error. Experience the difference BuildTrust® can make by streamlining your QBCC reporting and financial management processes. Contact us today to discover how our innovative softwar...

  To have a seamless financial operation, choosing the right online accounting software is crucial. BuildTrust offers an innovative solution designed specifically for builders and head contractors to simplify financial management. From managing trust accounts to meeting compliance requirements, our software transforms complex processes into straightforward ones. With cloud-based functionality and automated features, BuildTrust helps you stay on top of statutory obligations without missing a beat. Comprehensive Features To Streamline Your Workflow BuildTrust is packed with features that cater to the unique challenges of the building industry, ensuring you have everything you need at your fingertips. From generating reports to managing multiple accounts, our platform is built to adapt to your business needs. Automatic bank feeds for real-time updates Easy management of project and retention trust accounts Generate QBCC-compliant reports effortlessly Create and manage .ABA files for ...

It is rather surprising how QBCC reporting can quickly become a complicated aspect of a builder’s workload. That is why BuildTrust offers a solution that simplifies every process, from accurate data recording to seamless compliance management. Designed for builders, contractors, and head trustees, our solution helps you get the job done without the fear of missed deadlines or errors. Making Complex Requirements Simple And Accessible QBCC reporting involves a variety of steps that must align with regulations, and every detail counts. BuildTrust provides an all-in-one solution that meets these demands while keeping it straightforward to use. Our software offers features that balance simplicity and thoroughness, including: Automatic creation of trust ledgers with timely updates. Archived storage of critical financial documents for up to seven years. Automated reconciliation processes to eliminate manual guesswork. Audit-ready reports designed to meet BIF Act standards. This ensures that ...

Managing retention trust accounts shouldn't feel like juggling endless complexities. With the right system in place, you can ensure compliance, transparency, and seamless project management without unnecessary stress. At BuildTrust, we simplify the process, giving head contractors an intuitive way to handle statutory trust accounts linked across multiple projects. Our platform aligns perfectly with the FIFOLA Bill 2024, ensuring timely deposits and proper management of your retention trust accounts . Whether you’re working with one account or several interconnected ones, BuildTrust provides a clear path to efficient, secure, and accurate reporting that meets regulatory demands. Streamlining Retention Trust Account Management BuildTrust is designed for simplicity and compliance, enabling you to handle even the most demanding scenarios with ease. Automatic Bank Feeds : Seamlessly connect to your statutory trust accounts. Create .ABA Files : Simplify your payment processes effortles...

Picking the right tools to manage your finances is crucial for your business's success. Our online accounting software is designed specifically for builders and head contractors, offering a seamless way to navigate the complexities of trust accounting. With the upcoming changes to the BIF Act, managing Project Trust Accounts (PTAs) and Retention Trust Accounts (RTAs) has never been more critical, and our solution ensures you remain compliant without the stress. At BuildTrust, we provide a cloud-based platform that simplifies your financial processes. You can efficiently manage all your trust accounts in one place, allowing you to focus on what you do best—building. With our software, you’ll benefit from automatic bank feeds, straightforward reporting, and the ability to invite your accounting firm for added convenience. Streamlined Trust Accounting Solution Our online accounting software offers: Automatic bank feeds to save you time Easy creation of .ABA files for payments Compre...

Everything that holds your construction projects together starts with effective trust account management. In the evolving landscape of the BIF Act, having a firm grip on your Project Trust Accounts (PTAs) and Retention Trust Accounts (RTAs) is critical. BuildTrust offers a streamlined, cloud-based solution to manage these accounts effortlessly, ensuring your compliance with QBCC regulations. Managing Trust Account Complexities The number of things you need to keep track of when managing trust accounts gets far more complicated when you consider the differences between PTAs and RTAs . Both types of trust accounts are required under the BIF Act, but they serve different purposes and have specific regulations that must be followed. Understanding the complexities of PTAs and RTAs can be challenging. BuildTrust is here to make a positive impact: Confusion with transaction management Struggles with accurate record-keeping Delays in producing QBCC-compliant reports Difficulties in managing mu...