Valdata Services, Inc. - Escrow Trust Accounting

09/24/2022

What’s going on with the real estate market? It pays to stay up to date because it affects your business, your clients, your future. We’d all like that proverbial crystal ball, but in lieu of a magical talisman, we instead need to watch, listen, and act. In escrow, I’ve learned, it’s either feast or famine. You need to be prepared for both

11/28/2017

OPM = Other Peoples' Money. Accounting for every penny, every day, is a must. The safekeeping of trust funds isn't a difficult job, just a necessary one.

05/28/2017

Today, we take a moment to remember all those who have made the ultimate sacrifice for our freedom. When you put out your American flag this weekend, think about what it represents.

03/01/2017

One thing you don't want to worry about is fraud. That's why it's always a good idea to have a 3rd party reconciler to watch over your trust account.

12/03/2016

A quick update to wish you all a happy and safe holiday season! Give yourself permission to enjoy life without the harbingers of doom surrounding you. There is a life after FB and politics... :)

08/19/2016

Remarkable things are happening in the world. Your business needs your attention. Your family needs your attention. There's your health to consider. Good time to turn over your trust accounting needs to a professional! (As you can see, she's waiting for your call...)

12/03/2015

I've had many customers over the years ask me how to deal with the discrepancies in their trust accounts. Despite boasting the latest and greatest accounting software, you should know that the good old calculator is still your best friend.

To be clear, exception items or reconciling items are discrepancies found by during the performance of the monthly “3- Way Reconciliation,” wherein book balances, bank balances and ledgers are all compared. This process involves a line-by-line verification of every receipt, check, wire, book transfe…

12/03/2015

Escrow owners: Six things you should know about audits!

Chances are, you are overdue for an examination by the regulatory body governing your escrow company. Audits are rarely performed when expected. If it’s been close to two years since your last visit from a state auditor, here are some steps you can take now to be prepared and to save yourself some…

02/09/2015

Due to the retirement of a couple of owners, we now have openings for two new clients! Contact us for new client discounts.

02/28/2013

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02/26/2013

New for 2013: California broker-owned escrows must file Escrow Activity Report to DRE.

Don't ignore this important new regulation imposed by the California DRE!