Reconciling a BC Rental Trust Account Every Month
BC brokerages must complete two trust reconciliations within 5 weeks of every month-end. Here is how they work, with a worked example and the checks that catch problems early.
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BC brokerages must complete two trust reconciliations within 5 weeks of every month-end. Here is how they work, with a worked example and the checks that catch problems early.
The BC trust account rules for rental property managers: deposits in, fees out, interest, negative balances, monthly reconciliations and the annual accountant's report.