HandiLedger can display the journal entry in the trusts' reports, which you need to enter in the trustee company.
Transfer Trustee Company report
Log in to HandiLedger.
Go to View, Entity Details.
In the Entities window, locate the trust that the company is a trustee of, then click Select.
Go to Reports, Flexible Report Writer.
In the Flexible Report Writer window, go to File, Open.
Locate the TransferTrusteeCo (Transfer to Trustee Company) report, then click Select.
Go to Run, Select Format. Locate DC, then click Select.
Go to Run, Report. The transfer to the trustee report will be generated.
Print the Report and Close.
Post the entries in the trustee company
Go to View, Entity Details.
In the Entities window, locate the trustee company, then click Select.
Go to Input, Journal Entries.
When posting the journal entry, remember to post it in the final period and choose the Post and Reverse option when saving.
The following accounts will usually be used:
2198 - Right of indemnity from trust.
1984 - Deficiency in trust assets (this account is only a suggestion; you can use any expense number).
2199 - Provision for deficiency in right of indemnity.
3155 - Creditors and borrowings - unsecured - current.
3299 - Creditors and borrowings - secured - current.
3999 - Provisions - current.
3499 - Other liabilities - current.
3624 - Creditors and borrowings - unsecured - non-current.
3749 - Creditors and borrowings - secured - non-current.
3959 - Provisions - non-current.
3999 - Other liabilities - non-current.
Set up the note
Go to View, Notes to the Financial Statements.
Click the Note selection tab and tick the appropriate note(s), which will include the note for Trust Liabilities and Right of Indemnity.
Click Save and Close.
Note: The note that is generated will need to have some of the details edited on-screen. Right-click your mouse on the appropriate cell in the report and then left-click Edit. Edit and then Save the required details.