Retention Trust Account Management | PayTrade

Simplify retention trust account administration with PayTrade. QBCC compliant software for managing retention money in construction projects.

retention trustretention moneyQBCCsubcontractor protectionconstruction retention

Retention Trust Account Management

Retention trust accounts hold retention money on behalf of subcontractors, ensuring these funds are protected and available when due.

Why Retention Trust Accounts Matter

Under the BIF Act, head contractors must hold retention money in a designated trust account rather than in their general business accounts. This protects subcontractors from losing their retention money if the head contractor becomes insolvent.

PayTrade Retention Trust Features

  • Automated retention calculations and tracking
  • Compliant trust account reconciliation
  • Retention release scheduling and reminders
  • Full audit trail for QBCC reporting

Ready to get started?

Sign up for PayTrade today and simplify your construction trust accounting.

Get Started Free