How do we record a distribution to beneficiaries of a family trust?

Dwayne Hill
Dwayne Hill Member Posts: 1 Novice Member Novice Member
edited October 2024 in Reckon One
How do we record a distribution to beneficiaries of a family trust?

Comments

  • Zappy
    Zappy Accredited Partner Posts: 5,256 Accredited Partner Accredited Partner
    edited August 2019
    This is an accounting question. Its not a software question. You should talk to a CPA.
  • cosmic
    cosmic Reckon Developer Partner Posts: 1,009 Reckon Hall of Famer Reckon Hall of Famer
    edited September 2018
    If you have issues on this let me know that is if you have issues with your TAX Agent

    Cosmic Accounting Group

    Accountants and Tax Agents 22397009

  • Tio
    Tio Member Posts: 7 Novice Member Novice Member
    edited September 2018
    in MYOB,  there is menu button to enter percentage of each beneficiery, so in the profit and loss report will generate the value of profit on each beneficiary. is there any same function on the quicken software to do this?
     
  • cosmic
    cosmic Reckon Developer Partner Posts: 1,009 Reckon Hall of Famer Reckon Hall of Famer
    edited August 2018
    NO , You need Trust TAX Practice software that your tax agent has , if you have issues pls call me . Like Reckon Elite

    Cosmic Accounting Group

    Accountants and Tax Agents 22397009

  • Tio
    Tio Member Posts: 7 Novice Member Novice Member
    edited August 2018
    thanks chandra
This discussion has been closed.

Categories