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

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

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Posted 3 months ago

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Kevin Russell, Accredited Partner

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This is an accounting question. Its not a software question. You should talk to a CPA.
If you have issues on this let me know that is if you have issues with your TAX Agent
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Tio

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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?
 
NO , You need Trust TAX Practice software that your tax agent has , if you have issues pls call me . Like Reckon Elite
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Tio

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thanks chandra