Accounting and Distribution Reports

General information

In the Estate Accounting and Distribution sections, click on the Reports button in the top-right corner. You can select the following options from the list below to create your files.

Accounting

Holdings Report

The Holdings Report will generate a list of all Holdings in an Estate Bank Account.

You can select the accounting period you'd like to reflect. Once you choose the estate account you're preparing the report for, you are able to select/deselect specific holdings. Finally, choose whether to generate the file as an Excel sheet or PDF.

Cash on Hand

This report generates a list of balances for each estate account per accounting period you set.

Informal Accounting

This is a simplified accounting often used to update beneficiaries. It features:

  1. Calculation of the total amount available for distribution
  2. Proposed interim distribution report
  3. Original asset list
  4. List of all unrealized Inventory items
  5. Full statement of receipts and disbursements
  6. Executor compensation (if included)
  7. Care and management (if included)

You can configure the reporting period, alongside whether transaction notes and non-original assets should be factored in.

The executor compensation can be set more granularly (i.e. whether the compensation structure should be changed to a flat fee, whether net profits on trustee investments should be factored in), and the Care and Management fee can be calculated manually as well.

Finally, you have the option to deduct an amount from the compensation, and can include HST on fees.

Statement of Accounts

This is a formal accounting report, appropriate to pass accounts in certain jurisdictions. However, you can customize/simplify the report to your needs. It features:

  1. Reconciliation report
  2. Original asset list with corresponding capital receipts and disbursements
  3. Lists of all capital receipts, capital disbursements, revenue receipts, and revenue disbursements
  4. List of all unrealized original asset items
  5. Investment Transactions
  6. Trustee Investments on Hand
  7. Outstanding liabilities
  8. Executor compensation (if included)
  9. Care and management (if included)

Begin by selecting the items you'd like to have appear on the report. By default, we will generate all sections. However, if you wanted to have just an Executor Compensation Report, for example, you could deselect all other fields.

You can configure the reporting period, alongside whether transaction notes and non-original assets should be factored in.

The executor compensation can be set more granularly (i.e. whether the compensation structure should be changed to a flat fee, whether net profits on trustee investments should be factored in), and the Care and Management fee can be calculated manually as well.

Finally, you have the option to deduct an amount from the compensation, and can include HST on fees.

Distributions

Distributions Made To-Date

This report simply lists all distributions logged to date, ordered by beneficiary.

It will generate automatically as a PDF.

Ledger Proposed Distributions

This report generates a ledger and proposed distribution reports. You can leverage this if you are doing the accounting in the app.

You can configure the reporting period, alongside whether transaction notes and non-original assets should be factored in.

The executor compensation can be set more granularly (i.e. whether the compensation structure should be changed to a flat fee, whether net profits on trustee investments should be factored in), and the Care and Management fee can be calculated manually as well.

Finally, you have the option to deduct an amount from the compensation, and can include HST on fees.

Proposed Interim Distributions

This report generates a list of what each beneficiary is entitled to based on their interest in the estate.

You can configure the reporting period, alongside whether transaction notes and non-original assets should be factored in.

The executor compensation can be set more granularly (i.e. whether the compensation structure should be changed to a flat fee, whether net profits on trustee investments should be factored in), and the Care and Management fee can be calculated manually as well.

Finally, you have the option to deduct an amount from the compensation, and can include HST on fees.

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