QBCC Project Trust Accounting framework is designed to strengthen the security of payments to building and construction subcontractors. But navigating these regulations with standard accounting software can be a headache. Our efficient and cost-effective trust accounting solution supports construction project trustees to achieve simple, stress-free compliance.
cabenet trust accounting software ensures full compliance with the Queensland Building and Construction Commission Trust Accounting (QBCC) framework, allowing your team to focus on what truly matters completing successful projects..
Provides unlimited PTA ledgers, so you can manage multiple project trust accounts through one seamless system.
Easily record contractor payment claims, track pending trust payments, and ensure sufficient trust funds are available to cover eligible claims when due.
Easily record transfers from a PTA to your RTA, with compliance and transparency. Manage RTA payments to subcontractors seamlessly, in line with contract terms, benefit from automated retention notices to beneficiaries and comprehensive compliance reporting.
Easy reconciliation and month end compliance reporting, for both project and retention trust accounts. Separate PTA and RTA ledgers, individual beneficiary statements, and month-end compliance reports.
Automates compliance with beneficiary deposit and payment notice requirements.
Effortlessly import multiple subcontractor payment claims and bank payment information from other systems. Eliminate double processing and manual data entry, saving you time and improving accuracy.
Online archive of month-end reconciliation outcomes and compliance reports streamlines compliance reviews with secure read-only access for regulators and auditors. Securely share ledgers, reports, subcontractor claims, invoices, and other essential documents.
Our technical and support teams have expert trust accounting knowledge.
We provide online implementation assistance and training, online help documentation and email user support desk.
Because cabenet software is fully cloud-based, any regulated or recommended changes are quickly implemented by us and rolled out to all clients, so you can be confident of full compliance now and in the future.
