Escrow Trust Accounting Consultation

While managing escrow trust accounting is a vital necessity for escrow and title companies, others – law firms, broker management firms, and property management companies, to name a few – have need for assistance in this area as well. If your company works with escrow trust accounting and your accounts must stand up to rigorous Department of Insurance (DOI) and Department of Corporations (DOC) requirements, you need specialized assistance. As a CPA firm with extensive trust accounting experience, Capital Management Group focuses on managing your trust accounts to be in compliance with all agency and government regulations. We are experts in our field, so that you can be an expert in yours.

Escrow trust accounting

There are many complicated, time-consuming, evolving facets in managing escrow trust accounts. We specialize in keeping up with every nuance, big and small, that can affect your escrow trust accounting and reporting requirements.

Here is how Capital Management Group can be of service to you:

  • Regulatory compliance
    • Net worth
    • Escheatment
    • File maintenance
    • Risk management
      • Internal controls
      • Internal compliance
  • Regulatory reporting
    • Quarterly and annual reports to Department of Corporations
    • Quarterly and annual reports to Department of Insurance
    • Underwritten Title Companies (UTC) Reports
    • Other reporting requirements
  • Representation of clients before government and tax authorities
  • Trust Account reconciliations
  • Ongoing or on as-needed basis
  • Analysis and clean up of reconciling items
    • Analysis of files and documentation
    • Assistance with adjustments
    • Transition from original trial balance to correct form for reporting
    • Consolidation of multiple offices for reporting
  • Training
    • Regulatory compliance
    • Basic banking and other procedures
    • Analysis and clean up of reconciling item

Systems Analysis and Support

We will work with you in the design and implementation of a system that will streamline your accounting process by:

  • Reducing opportunity for mistakes
  • Maintaining accountability for transactions
  • Maintaining an accurate history for each trust account
  • Providing a simple, straightforward means of handling trust funds