This guide applies to Ontario estates. Requirements for a Passing of Accounts may differ in other jurisdictions.
Estateably supports the Passing of Accounts process by allowing you to record assets, import financial activity, manage transactions and distributions, and generate the required accounting reports. This guide references the Help Centre articles that explain each step.
Enter estate assets
Begin by recording the estate inventory and accounts that existed at the date of death. For more details refer to:
Import bank and investment statements
To record financial activity efficiently, you can import transactions and holdings from statements. For more details refer to:
Enter and manage transactions
All receipts, disbursements, and transfers must be recorded to prepare the estate accounting. For more details refer to:
Record distributions
Distributions made to beneficiaries must be recorded so they appear in the final accounting. For more details refer to:
Generate the Statement of Accounts
Once assets, transactions, and distributions have been recorded, generate the accounting report required for the Passing of Accounts. For more details refer to:
Review supporting reports
Before finalizing the accounting, you may wish to review supporting reports.
Refer to:
These reports can help verify balances and activity before producing the final Statement of Accounts.