Question 1

Is CiiRUS trust accounting compliant with how my state regulates real-estate trust accounts?

Accepted Answer

Yes. We support the practices most US states require for real-estate-licensed managers: separated guest, owner, and operating ledgers, escrow tracking, and full audit trails. We'd still suggest confirming the specifics with your CPA or state regulator, but the depth is what professional PMCs and their accountants expect.

Question 2

Can my CPA work directly in CiiRUS, or do they need a separate accounting tool?

Accepted Answer

Most CPAs work directly in CiiRUS. There's a real double-entry general ledger, a customizable chart of accounts, P&L by property, balance sheets, and audit-ready exports. Many of our customers replaced QuickBooks Online entirely; some keep QBO for corporate books and use CiiRUS for trust.

Question 3

Does CiiRUS handle owner statements automatically?

Accepted Answer

Yes. Statements generate automatically each month from reservation revenue, fees, expenses, and reserves, branded as your company and delivered through the owner portal. Owners can pull historical statements themselves any time.

Question 4

How does CiiRUS handle 1099 prep?

Accepted Answer

Tag owners and vendors as 1099 recipients in their profile, and CiiRUS totals everything straight from the trust ledger at year end. You get a report you can hand to your CPA or your e-file provider, with no spreadsheet stitching.

Question 5

Can I migrate existing trust account balances and history from another PMS?

Accepted Answer

Yes. Historical balances, owner ledgers, vendor history, and outstanding reserves are part of every CiiRUS onboarding migration. Our team reconciles against your last closed period so you start clean.

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