TEdec Professional Fiduciary Accounting Software is a full featured,
intuitive trust and estate accounting software program designed for
lawyers and other professionals and their staff administering trusts and
estates.
Customer Comment:
"As an Estate Paralegal with thirty years' experience in
Rochester, NY, primarily with the Culley, Marks law
firm, it is my pleasure to enthusiastically endorse
TEdec Systems, Inc., and its TEdec Fiduciary Accounting
system. . . We have found TEdec to be an excellent and
reliable tool in this practice. Concerning service and
software maintenance, TEdec Systems, Inc. has been
absolutely FANTASTIC." Susan M. Salzman, Estate
Paralegal, Culley, Marks, Tanenbaum & Pezzulo, LLP.
Rochester, NY.
Your investment in TEdec includes all of the
following:
Types of Entities Supported
TEdec includes all of the following types of entities in one program
for your convenience (with an automatic conversion from one to the
other, in case the wrong entity type is selected):
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Simple estate
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Complex estate with trusts
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Trust (inter vivos or testamentary)
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Revocable Trust without further trusts
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Revocable Trust with further trusts
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Guardianship
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Power of attorney
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and others - call TEdec Support for additional information
Simple and Easy to Use Data Entry
TEdec Professional Fiduciary Accounting Software is designed on a cash and receipts disbursements method. TEdec
also allows accrued expenses, administration expenses and debts of
decedent. The standardized interface requires minimum training.
On Line Security Valuation
TEdec Professional Fiduciary Accounting Software includes on-line security valuations thru Estate Valuation Services, Inc. (EVP). TEdec provides the user with the option to choose the service the user
wishes to use for estate valuations and to update security values. TEdec
accommodates up to five historical market values for securities and at
the user election prints a market value on the assets on hand report.
Accountings and Court Reports
TEdec Professional Fiduciary Accounting Software generates from the same data entry an easy-to-read informal
accounting or a court formal accounting, depending upon your
requirements. Additionally, TEdec has incorporated numerous
jurisdictional specific reports. TEdec supports the following specific
jurisdictional reports for:
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New York
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Pennsylvania
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Florida
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National Fiduciary Accounting Standard
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Annual Trust Accounting (National and New York)
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North Carolina
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California
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And, many more — contact TEdec support for a
complete list.
Estate Tax Preparation
TEdec Professional Fiduciary Accounting Software exports to Lacerte® and/or CCH ProSystems
fx® Tax Software for preparation of the estate
tax returns. Once the export is completed, the returns are over 95%
completed! TEdec provides a convenient User Check-List of items to check
in the Lacerte® and/or CCH ProSystems fx® Tax Software 706 preparation module once the export is
completed. In addition to the IRS Fm 706,
Lacerte® and/or CCH ProSystems fx®
supports the New York
Fm ET-706 and the Florida Fm F-706.
Alternatively or in addition to the
Lacerte® and/or CCH ProSystems fx®
export feature, TEdec
independently prepares Addendums to the Schedules to the IRS Fm 706,
which can be used for convenient cross-checking and/or incorporated into
the tax preparation of any other tax preparation program. Using the
Addendums to the Schedules will minimize the preparation time for any
estate tax return.
Fiduciary Income Tax Preparation
TEdec Professional Fiduciary Accounting Software exports to
Lacerte® and/or CCH ProSystems fx®
Tax Software for preparation of the
Fiduciary Income Tax returns, IRS Fm 1041. Once the export is completed,
the returns are over 95% completed! TEdec provides a convenient User
Check-List of items to check in the
Lacerte® and/or CCH ProSystems fx®
Tax Software 1041
preparation module once the export is completed. In addition to the IRS
Fm 1041,
Lacerte® and/or CCH ProSystems fx®
supports all state fiduciary income tax returns.
Alternatively or in addition to the
Lacerte® and/or CCH ProSystems fx®
export feature, TEdec
independently prepares a Taxable Income Report, which provides for any
tax year selected:
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A summary of all income and expenses keyed to the IRS Fm 1041.
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A detail of all income and expenses keyed to the IRS Fm 1041.
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A summary of income by specific brokerage account — to tie to your
1099's.
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A detail of income by specific brokerage account — to tie to your
1099's.
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A summary of all expenses or income not associated with a brokerage
account.
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A detail of all expenses or income not associated with a brokerage
account.
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A separate detail Non-taxable Income Report and IRD/DRD Report.
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A separate IRS Fm 1041 Sch D report — listing long/short term
gain/losses.
All of these reports are designed to minimize the preparation time
required for any fiduciary income tax return.
Management Reports
TEdec Professional Fiduciary Accounting Software includes numerous
reports to effectively and efficiently manage all of your accounts and
assets, including:
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Bank Account Transaction Report.
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Completrac
Transaction Report — where you can micro-manage all transactions for
any and all assets.
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Accrual Listing Report — listing all outstanding accruals.
-
Security Lot
Summary Report — TEdec manages all securities by separate lot, which
gives you complete control in determining gains and losses, when
selling or distributing securities.
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Bank Account Reconciliation Report.
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Recalc Report (Entity Status Report) with
account summary — TEdec automatically displays
both the fiduciary carry value and tax basis for
each account and allows a summary by brokerage
account.
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And, many, many more.
Case Management and Fiduciary Calendar
TEdec Professional Fiduciary Accounting Software incorporates into the TEdec program for each entity (trust,
estate, guardianship, etc.) without additional cost a complete case
management and calendar system, which provides alerts for pending
items/tasks and a case history of completed items/tasks.
Standardized Coding and Descriptions
TEdec Professional Fiduciary Accounting Software pre-codes all transactions and automatically populates
standardized transaction descriptions, which generates professional
looking final accountings and other reports with minimal data entry.
TEdec Service Bureau
TEdec Systems provides accounting preparation
services thru the TEdec Service Bureau.
[Read more about the TEdec
Service Bureau.]
Contact us at TEdec for additional information or pricing or
payment options concerning the TEdec Professional Fiduciary Accounting
Software.
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TEdec Trust and Estate
Administration Software
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