Accounting
Connect trusts with accounting for stronger business control.
View service →Trust accounting supported by trustee records
A trust must be administered according to its deed and current legal and tax requirements. Transactions should be supported by trustee decisions, beneficiary information and records that clearly separate trust assets from personal affairs.
Accounting and tax administration
Maintain a dedicated ledger, bank reconciliations, asset register and schedules for loans involving trustees, founders or beneficiaries.
Record income, expenses, capital transactions and distributions against resolutions and supporting documents.
Prepare annual financial information and tax schedules, including beneficiary and distribution information required for filing.
Keep trustee, beneficial-ownership and authority records organised for the Master, SARS and accountable institutions.