Does reckon one handle trust accounts and acceptable to office of fair trading?

warren Williams

Have a client that changed from Qucikbooks to MYOB Essentials to run their Real Estate trust account thru. There were some holes in the process in that the receipt numbers and cheque numbers I wanted as Auditor incorporated in the processing and reporting. Thinks have changed in that the refund of deposits etc are now all done as direct credits etc. However the MYOB is also not acceptable to Office of Fair trading (OFT) because, there is no Audit tracking_ my thoughts- but from OFT viewpoint entries can be changed, and Client Accounts (vendors) can be deleted without there being a Zero balance in the account, being the two major items.
Is there a facility in Reckon one that say we- being the Auditor- have control of the account and limit the business owner's ability to access and perform only certain elements of the program that would satisfy OFT requirements.  There are some time constraints and reporting requirements that the program can meet, but its the Auditing function and changing entries without needing to do a correcting entry that the MYOB failed.