VRPlatform

Understanding Opening Trust Account Balances in VRTrust

This article provides context for the final step of the VRTrust onboarding process: recording your opening trust account balances at your VRTrust Go-Live date.

The goal of this step is to ensure your trust account starts in VRTrust with an accurate, fully supported balance.

What Are Opening Trust Account Balances? <a href="https://loom.com/share/ba7410931bf143ad9fbf5614ab7b9532?t=3" rel="nofollow noopener noreferrer" target="_blank">0:03</a>

Opening trust account balances represent all amounts that make up your trust account balance on your VRTrust Go-Live date.

These balances are recorded once during onboarding and establish the financial foundation for all future activity in VRTrust.

What Must Be Included in the Opening Balance? <a href="https://loom.com/share/ba7410931bf143ad9fbf5614ab7b9532?t=17" rel="nofollow noopener noreferrer" target="_blank">0:17</a>

Your opening trust account balance should include:

Opening advanced deposits Guest funds collected for future stays

Amounts payable to or receivable from owners Opening owner deficits or payables

Outstanding tax liabilities Guest taxes collected but not yet remitted

- Opening advanced deposits Guest funds collected for future stays
- Amounts payable to or receivable from owners Opening owner deficits or payables
- Outstanding tax liabilities Guest taxes collected but not yet remitted

Each of these components is recorded separately in VRTrust and together explains the full trust balance at Go-Live.

Understanding Trust Surplus vs. Underfunded Trust <a href="https://loom.com/share/ba7410931bf143ad9fbf5614ab7b9532?t=31" rel="nofollow noopener noreferrer" target="_blank">0:31</a>

If the remaining balance is positive → The trust account is operating with a surplus

If recorded amounts exceed the trust balance → The trust account is overdrawn and therefore underfunded

- If the remaining balance is positive → The trust account is operating with a surplus
- If recorded amounts exceed the trust balance → The trust account is overdrawn and therefore underfunded

Any excess or shortfall is treated as property management income or deficit within VRTrust.

How These Amounts Are Recorded in VRTrust <a href="https://loom.com/share/ba7410931bf143ad9fbf5614ab7b9532?t=42" rel="nofollow noopener noreferrer" target="_blank">0:42</a>

The opening trust account balance is established by recording each of the following:

1. Opening advanced deposits
2. Opening owner balances
3. Opening trust tax liabilities

Each step ensures the trust account reflects the true financial position at Go-Live.

___________________________________________________________

Recording opening trust balances correctly:

Ensures accurate first-month owner statements

Establishes clean trust accounting from Day 1

Identifies trust surpluses or underfunded positions early

- Ensures accurate first-month owner statements
- Establishes clean trust accounting from Day 1
- Identifies trust surpluses or underfunded positions early
- Supports audit-ready financial reporting

<a href="https://support.vrplatform.app/en/articles/13602050-edit-opening-balances-and-review-advanced-deposits">Set opening balances in VRTrust and Review advanced deposits</a>

<a href="https://support.vrplatform.app/en/articles/13403615-trust-surplus-vs-trust-deficits">Trust Surplus vs. Trust Deficits</a>

<a href="https://support.vrplatform.app/en/articles/11643394-deposits-received-post-go-live-on-pre-go-live-reservations">Deposits received post go-live on pre go-live reservations</a>

- <a href="https://support.vrplatform.app/en/articles/13403615-trust-surplus-vs-trust-deficits">Trust Surplus vs. Trust Deficits</a>
- <a href="https://support.vrplatform.app/en/articles/11643394-deposits-received-post-go-live-on-pre-go-live-reservations">Deposits received post go-live on pre go-live reservations</a>

VRTrust: Opening balances overview

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VRTrust: Opening balances overview

Understanding Opening Trust Account Balances in VRTrust

Why This Matters

Next Step:

Set opening balances in VRTrust and Review advanced deposits