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Fiduciary Accounting Software - Introduction |
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How Do You Administer Your Trusts And Estates? |
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If
you’re like most practitioners, you still
administer your Trusts and Estates the
hard way
– you handle T&E data too
many times!
This
costs you time and money
--
your stock in trade.
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Most
practitioners mention
five concerns in their
T&E administration. |
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The
time required
to prepare the Fiduciary
Accounting - How much time did you waste
doing your last accounting? |
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Duplication of effort. |
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Costly mistakes - the time to find and
correct errors and the necessity to guard against
professional liability. |
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Personnel costs for highly trained
support staff. |
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Inconsistent data presentation. |
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Trust and Estate administration requires these
activities:
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| (How many times
do you handle your data entry?) |
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Activities |
Manual
Posting |
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Number of Times |
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Each |
Cumulative |
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Marshall (identify and value) assets and
obligations - record results |
1 |
1 |
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Prepare Court Inventory |
1 |
2 |
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Prepare Estate Tax Return (Fed & State) |
1 |
3 |
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Prepare Fiduciary Income Tax Return |
1 |
4 |
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Prepare Fiduciary Accounting |
1 |
5 |
| Record
management/investment of estate assets and
payment of bills and distributions |
3 |
8 |
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TEdec’s one-time entry saves you time and money,
avoids costly mistakes and provides professional
reports - the way you want them! |
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TEdec --- The Cadillac of Fiduciary Accounting Software,
frees you from multiple data entry. |
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