Access HandiLedger has the ability to show you the journal entry, in the trusts' reports, that you need to enter in the trustee company.
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 trustee report will be generated.
Print the Report and Close.
To 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
To set up the note to the accounts
Go to View, Notes to the Financial Statements.
In the Notes to the Financial Statements accounts detail window, 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 Save the required details.