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Trust accounting & finance

Trust accounting that actually balances

Client money and insurer money, handled correctly to the cent — on a real double-entry ledger, with the controls and reports an accountant expects.

app.connetikiq.com.au/finance/statements
Financial statements
JM
Profit & loss FY2026 YTD
Commission income$1,142,000
Fee income$284,500
Operating expenses−$612,300
Net profit$814,200
Aged receivables
Current $118k
30 days $41k
60 days $17k
90+ days $9k
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Double-entry ledger

Every dollar, double-entered

Issue an invoice, take a payment, settle an insurer — each event writes a balanced journal automatically. Nothing posts unless debits equal credits, so your books are correct by construction, not by month-end clean-up.

  • Auto-posted from real events
  • Balanced DR = CR, always
  • Full drill-down to source
  • Manual journals when you need them
app.connetikiq.com.au/finance/journals
Journals
JM
All status All sources + New journal
Journal #DateDescriptionAmountStatus
J-2026-000412 31 May ACCRUAL: rent $12,480.00 Posted
J-2026-000411 31 May Invoice INV-2271 $3,100.00 Posted
J-2026-000410 30 May Reversal of J-…408 $48,250.00 Reversed
J-2026-000409 30 May Payment run PR-58 $960.00 Posted
J-2026-000408 29 May Statement settle $22,015.00 Posted
J-2026-000407 29 May FX revaluation $1,204.50 Posted
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Trust position

Know whose money you're holding

A live trust position shows exactly what client funds you hold and what you owe each insurer. Unallocated receipts are parked to suspense until you apply them — so the trust account is always explainable.

  • Real-time trust balance
  • Per-insurer payables
  • Suspense for unallocated cash
  • Client credit balances
app.connetikiq.com.au/finance/trust
Trust position
JM
Trust held
$2.41M
Owed to insurers
$1.92M
Suspense
$12.4k
Owed by insurer as at 31 May
QBE $142,400
Allianz $98,200
CGU $54,900
Chubb $31,050
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Payments

Pay insurers in a batch — straight to the bank

Build a payment run, review what's included, and export a bank-ready ABA direct-entry file. Settlements post back to the ledger and clear the matching payables, so your trust position stays accurate the moment money moves.

  • Batched payment runs
  • ABA direct-entry export
  • Auto-settled payables
  • Remittance advice
app.connetikiq.com.au/finance/payment-runs
Payment runs
JM
Payment run PR-58
6 items · settles 02 Jun
$214,500 Export ABA
PayeeAmountStatus
QBE Insurance $96,400.00 Ready
Allianz Australia $62,100.00 Ready
CGU $34,000.00 Ready
Chubb $22,000.00 Ready
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Reconciliation

Reconcile insurer statements without the spreadsheet

Import an insurer statement and match it against what the ledger expects, line by line. Agree what's right, flag what isn't, and settle the matched items into a payment run — all in one place.

  • Line-by-line matching
  • Discrepancy flagging
  • Straight into payment runs
  • Audit trail on every match
app.connetikiq.com.au/finance/reconciliation
Reconciliation
JM
QBE statement · May 2026 18 / 20 matched
PolicyStatementMatch
POL-20451 $4,120.00
POL-20448 $1,980.00
POL-20447 $3,402.00 Flag
POL-20443 $760.00
POL-20440 $5,015.00
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Everything in finance

A complete broking finance back office

From the first invoice to the year-end trial balance — one connected, audit-ready system.

Double-entry ledger

Every business event posts balanced DR/CR journals. The ledger is the source of truth, not an afterthought.

Trust position

Always know exactly what client money you hold and what you owe each insurer, in real time.

Invoices & credit notes

Raise client invoices and credit notes that flow straight through to receivables and the ledger.

Payment runs + ABA

Batch insurer and refund payments into bank-ready ABA direct-entry files.

Statement reconciliation

Match insurer statements line-by-line and settle what's agreed — no spreadsheet gymnastics.

FX revaluation

Hold and revalue foreign-currency balances with rates that flow into the ledger.

Financial statements

P&L, balance sheet, trial balance and cashflow generated straight from the ledger.

GST & reporting

GST tracked on every transaction, ready for your BAS, alongside aged receivables and payables.

Period locking & reversals

Lock accounting periods, and correct mistakes the right way with auditable journal reversals.

See ConnetikIQ run your brokerage

Book a walkthrough and we'll show you policies, claims, trust accounting and renewals working together on one platform.