Trust Accounting, Nightmare Stories & More with Alicia McClurg

In this episode, I am joined by Alicia McClurg, Training and Development Specialist at ProfitCoach.   We discuss: (00:00:00) - Intro (00:02:07) - Alicia’s background and career (00:03:09) - Trust Accounting vs. traditional SMB accounting (00:08:01) - Should PMs hire a full-time bookkeeper? (00:12:40) - Triple Tie-Outs (00:15:18) - What are the most common ways accounting gets out of sync? (00:22:08) - Sponsor - The Kalmar Group (00:23:49) - What are some nightmare problems you’ve uncovered? (00:31:28) - What areas are software really assisting in TA and where is it lacking? (00:42:06) - Sponsor - PMW (00:43:51) - What resources are available to learn more about Trust accounting? (00:48:33) - 1099s (00:56:05) - Accounting cadences (01:04:43) - How should we think about standardization in Trust Accounting? Learn more & connect with me here: ⁠Crane⁠, the private community for property management business owners. ⁠My Free PM Newsletter⁠ ⁠RL Property Management⁠ Learn more and connect with Alicia here: Alicia on LinkedIn Profit Power Hour Webinar Registration ProfitCoach   The content of this podcast is for informational purposes only and does not constitute professional advice. I may have consulting agreements with, or financial interests in, companies mentioned in this podcast. Additionally, some of the links included may be affiliate links, meaning I may earn a commission if you purchase through these links. Always perform your own due diligence before making any financial or business decisions.