End of Month Angels

What End of Month Angels does

End of Month Angels is an Australian specialist outsourcing firm that delivers licensed real estate trust accounting, compliance, training, software migration, bookkeeping and consulting services to real estate agencies and property managers across Australia. Founded in 2012 and headquartered in Rozelle, NSW, the firm operates from a single location and serves clients nationwide via remote delivery, with a team materially under 20 people led by Director Jane Morgan (28+ years of industry experience). The firm holds Tax Practitioners Board registration (No. 25717164) and Xero Silver Partner status, and works inside clients' existing cloud platforms — primarily PropertyMe, REX and Latest/Re-Leased for property management, and Xero for general accounting — to perform receipting, reconciliations, disbursements, end-of-month processing, AML/CTF program setup and the newly launched Owner Statement Review.

The business model combines recurring monthly retainers (Outsourced Trust Account Management) with pre-paid, never-expiring Support Blocks for ad-hoc work, plus project-based fees for compliance reviews, training, software migrations and consulting. Go-to-market is consultative and relationship-led, driven by a 259-post in-house content library targeting Australian real estate trust accounting keywords, partner referrals from PropertyMe, REX, Xero, ACOP and Latest/Re-Leased, and a free 15-minute banking assessment as a lead-conversion tool. End of Month Angels has no disclosed funding, M&A or institutional investors and is operated as an independent founder-led private firm.

Technology plays a supporting rather than core role: the firm's edge rests on human expertise codified into repeatable playbooks (a proprietary staged banking migration methodology and a five-area monthly Trust Account Checks framework), combined with the native fraud-prevention features of cloud trust software (two-factor authentication, audit logs, role-based access, email alerts). The firm has no public API, mobile app or developer integrations, and no disclosed AI/ML capabilities — service delivery is performed by licensed professionals and BAS-registered agents with real estate-specific knowledge.

Name

End of Month Angels

Legal name

End of Month Angels

Website

https://endofmonthangels.com.au

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

End of Month Angels is an Australian specialist outsourcing firm that delivers licensed real estate trust accounting, compliance, training, bookkeeping, software migration and consulting services to SMB real estate agencies nationwide, working inside client platforms such as PropertyMe, REX and Xero.

Ownership category

akta.pro rank

Product category

Real Estate Trust Accounting & Bookkeeping Services

NAICS

Offices of Real Estate Agents and Brokers (5312), Title Abstract and Settlement Offices (541191)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Legal Services (8111)

akta.pro primary industry

Closing & Settlement Services (Settlement Agents) (BPAJAOAE)

akta.pro secondary industries

Estate & Probate Administration Services (FSAEAKAD), Estate, Gift & Trust Valuation (BPAHANAL)

Keywords

• Outsourced trust accounting
• Real estate bookkeeping
• Trust account compliance
• Property management support
• End of month processing

Headquarters

HQ city

Rozelle

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Others

Revenue model

1. Outsourced Trust Account Management retainer: Recurring monthly managed service covering receipting, reconciliations, disbursements and end-of-month processing for real estate agencies.
2. Support Blocks (pre-paid hours): Pre-purchased hour blocks for ad-hoc trust accounting, compliance and bookkeeping assistance. No retainer, no lock-in, hours never expire.
3. Compliance reviews and audit preparation: Trust accounting compliance reviews, audit preparation, AML/CTF program setup and regulatory guidance as one-off or project engagements.
4. Training: Practical trust accounting training for property managers and agency staff, built around the agency's actual software and skill level.
5. Software migrations: End-to-end property management and accounting software platform migrations, with trust account integrity managed at every step.
6. Bookkeeping (BAS, payroll, accounts, EOY): Real estate bookkeeping services including BAS, payroll, accounts and end-of-year preparation by BAS-registered agents who understand the industry.
7. Consulting & Advisory: Agency advisory for principals and licensees covering setup, workflow design, compliance gap assessments and ongoing support.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

End of Month Angels provides outsourced real estate trust account management (receipting, reconciliations, disbursements, end-of-month processing) plus compliance reviews, audit preparation, software migrations, bookkeeping (BAS, payroll, STP), training, and consulting for Australian real estate agencies. Delivery is performed by licensed professionals and BAS-registered agents inside each client's property management software (PropertyMe, REX, Re-Leased "Latest") and posted through to Xero, with no proprietary EOMA software product.

Product overview

End of Month Angels delivers a portfolio of specialist, human-delivered outsourced services for Australian real estate agencies rather than a unified software product. Trust Account Management is the core offering, supported by dedicated Compliance, Training, Software Migrations, Bookkeeping and Consulting & Advisory services, with the new Owner Statement Review extending the suite into pre-EOFY portfolio cleansing. The flexible Support Blocks offering provides on-demand access to the same expertise. Work is performed inside each client's trust accounting software (such as PropertyMe or REX) and posted through to Xero for general accounting, so the portfolio functions as an integrated outsourced finance and compliance operation for property managers.

Differentiator

Problem solved

Functional benefit

Products and services

• Trust Account Management Complete outsourced trust account management for real estate agencies: receipting, reconciliations, disbursements and end-of-month processing handled by licensed professionals to the standard Australian legislation requires. Includes the EOFY Owner Statement Review for retainer clients. Sold as a quote-based monthly retainer to Australian real estate agencies and property managers.
• Compliance Trust accounting compliance reviews, audit preparation and regulatory guidance for Australian real estate agencies. Identifies where compliance exposure sits and provides plain recommendations on what to fix, including AML/CTF program setup. Sold as one-off or project engagements.
• Training Practical trust accounting training for property managers and agency staff, built around the team's actual software and skill level rather than off-the-shelf sessions. Delivered to Australian real estate agencies as a project engagement.
• Software Migrations End-to-end property management and accounting software platform migrations with trust account integrity managed at every step, including data management, balance verification and post-migration support until everything is running cleanly. Sold on a quoted project basis, with a free 15-minute banking assessment as a lead magnet.
• Bookkeeping Real estate bookkeeping delivered by BAS-registered agents who understand the industry, covering BAS, payroll, accounts and end-of-year preparation. Sold as an ongoing managed service to Australian real estate agencies.
• Consulting & Advisory Practical agency advisory for principals and licensees, from setup and workflow design to compliance gap assessments and ongoing support, with the consultant staying involved until the work is done. Sold as project or retainer engagements.
• Support Blocks Pre-purchased blocks of expert trust accounting, compliance and bookkeeping assistance available to existing clients on an as-needed basis, with no retainer, no lock-in, and hours that never expire. Sold as a pre-paid pay-as-you-go hour pack.
• Owner Statement Review New EOFY service that scans every transaction across an agency's portfolio before owner statements go out, flagging misallocated income/expenses, refunds on the wrong account, rent journals against the account instead of the property, and other portfolio-level issues. Included for Outsourced Trust Accounting clients and available standalone to Support Block clients on a quoted project basis.

Quantifiable outcome

• 5.0 / 5 Google rating based on 24 reviews
• +2 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered flagship, core and minor.

• PropertyMeflagshipTechnology or IntegrationPropertyMe is featured as a partner in the homepage 'OUR partners' section 'for all things property management'. Multiple customer testimonials specifically reference PropertyMe expertise (Quinn & Co's James McClements and John Taylor). The relationship appears to be a co-marketing / referral alliance for trust accounting services to PropertyMe-using agencies.
• XeroflagshipTechnology or IntegrationXero Silver Partner status displayed on homepage and footer. EOMA uses Xero for agency bookkeeping (BAS, payroll, STP), with staff such as Tracy described as Xero-certified and registered BAS agents. Also references Xero's mandatory two-factor authentication rollout as part of the security stack.
• ACOP (Australian College of Property)coreStrategic or Co-development PartnerACOP is featured on the homepage partner section 'for all things real estate training'. Likely a referral and co-training relationship for real estate licensee CPD and trust accounting training.
• REXcoreTechnology or IntegrationREX is shown in the homepage partner logos 'for real estate software'. Implies co-marketing / referral with the REX real estate platform, including trust accounting migrations involving REX.
• Latest (Re-Leased)coreTechnology or IntegrationLogo shown in homepage partner section 'for all things commercial property'. Relationship targets commercial property managers needing outsourced trust accounting and bookkeeping on the Latest/Re-Leased platform.
• Chilli Frog MarketingminorGTM or Marketing PartnerCredit in site footer 'Website by: Chilli Frog Marketing'. Provides creative and website services to EOMA.
• Unnamed auditing partner (cropped-bg-logo)minorChannel Partner/ Reseller/ DistributorAuditing partner shown in homepage 'OUR partners' section 'for all things auditing'. Partner name is not legible in source. Likely a referral relationship with a real estate trust account audit firm.
• EBM RentCoverminorChannel Partner/ Reseller/ DistributorFeatured at ARPM 2016 as a tenant-default insurance partner (loss of rent, malicious/accidental damage, theft). Implies referral relationship between EOMA's agency clients and RentCover's landlord insurance products.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AgentPro124: Australian bookkeeping service built specifically for real estate agents, covering trust accounting, BAS, payroll and EOFY. Directly comparable customer base (Australian real estate SMBs) and overlapping service catalogue.
• ProPreneur: Australia-focused bookkeeping and financial services firm dedicated to real estate agents and property managers. Overlaps with EOMA on real estate bookkeeping, BAS, and agency advisory, with comparable niche-vertical specialisation.
• Real Estate Bookkeeping Co: Australian bookkeeping firm focused on the real estate industry, providing trust accounting, BAS, payroll and advisory to agencies. Comparable niche, geography, and service scope to EOMA's SMB-facing offerings.
• Settle Easy: Australian specialist in real estate trust accounting and bookkeeping services, directly comparable to EOMA in target market (Australian real estate agencies), service mix (trust + bookkeeping), and delivery model (outsourced, software-integrated). Closest head-to-head competitor for the same retainer book.

Broad incumbents

• PropertyMe: Australia's leading cloud property management SaaS platform and EOMA's flagship partner. Overlaps indirectly because PropertyMe processes trust transactions natively and could, in theory, absorb more of the trust workflow; primarily comparable as a distribution and delivery dependency.
• Xero: Global cloud accounting platform, Xero Silver Partner to EOMA, and the general-ledger backbone used by EOMA for client bookkeeping. Not a direct competitor for trust work but the most economically intertwined peer given pricing, certification, and delivery integration.
• VaultRE: Australian cloud-based real estate agency platform covering sales, property management and trust accounting. Comparable in serving the same Australian agency customers with overlapping trust functionality, and a potential in-house alternative to EOMA's outsourced service.
• Re-Leased (Latest): Cloud commercial property management software (rebranded as 'Latest') and an EOMA partner for commercial trust accounting. Comparable at the commercial-real-estate intersection of EOMA's offering, with broader SaaS scope than EOMA's services-only model.
• MRI Software (Rockend / Console / REI Master): Long-established Australian/NZ real estate software group (Console, REI Master, Rockend heritage) serving sales, property management and trust workflows for agencies. Comparable in customer base and trust functionality, but at much greater scale and with proprietary software rather than services.

Emerging players

• PropTrac: Australian trust accounting software and services focused on real estate agencies. Comparable in target customer and trust-accounting focus, with a more software-led, less services-led delivery model than EOMA.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/trustaccounting
• Facebookfacebook.com/endofmonthangels
• LinkedInlinkedin.com/company/end-of-month-angels
• Instagraminstagram.com/eomangels

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about End of Month Angels