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What is Trustpak?

Trust accounting is a specific form of bookkeeping that concentrates exclusively on the financial transactions associated with trusts. This practice requires a trustee to carefully record all incoming and outgoing funds that belong to others, maintaining separate ledger accounts for each individual from whom the money is received or for whom it is managed. Many countries have strict regulations regarding trust accounting, often requiring independent auditors to verify adherence to these laws. Since these regulations can change unexpectedly, it is vital to keep your accounting software updated to remain compliant, as failure to do so might threaten your business's viability. Moreover, the software must be designed with user experience in mind; a complicated interface can lead to unnecessary delays in mastering its functions. At Trustpak, we emphasize simplicity by providing all relevant information for each task directly on the main screen, which facilitates efficient operation. This thoughtful design not only conserves time but also significantly boosts the productivity of individuals managing trust accounts. Ensuring that users can navigate the system with ease is essential for fostering a smooth workflow in trust management.

What is SaleLedger?

SaleLedger is a specialized software solution crafted for auction houses and estate-sale enterprises, aimed at efficiently managing and reconciling consignor trust accounts. The application streamlines a meticulous three-way reconciliation process that ensures the accuracy of auction settlement exports, QuickBooks payouts, and trust-account bank statements by aligning the adjusted bank balance, trust control balance, and the total of the consignor subledger. It effectively highlights any discrepancies, such as unmatched deposits, payout issues, unexplained transfers, bank fees, and stale funds, enabling users to perform a comprehensive audit. Furthermore, SaleLedger produces in-depth reconciliation reports and maintains a check register that preserves historical data for the relevant period. All data related to consignors and banking transactions is securely processed on the user’s local machine, safeguarding privacy and maintaining security. Users can enjoy a 30-day complimentary trial without incurring any charges, after which the monthly subscription fee is $129. This software not only enhances financial transparency and accuracy in auction transactions but also empowers businesses to streamline their accounting processes significantly. By utilizing SaleLedger, auction houses can focus more on their core operations, knowing their financial management is in capable hands.

Media

Media

No images available

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

$53 per month
Free Trial Offered?

Pricing Information

$129/month; 30-day free trial
Free Trial Offered?

Supported Platforms

Windows

Supported Platforms

Windows

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars

Training Options

Documentation Hub

Company Facts

Organization Name

InfoBiz Solutions

Date Founded

2002

Company Location

Australia

Company Website

www.infobizsolutions.com

Company Facts

Organization Name

Profitpin LLC

Date Founded

2026

Company Location

United States

Company Website

getsaleledger.com

Categories and Features

Trust Accounting

Activity Tracking
Check Writing
Compliance Management
Cross Ledger Posting
Customer Statements
Fee Calculation & Posting
Receipt Management
Tax Management

Categories and Features

Trust Accounting

Not specified

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