Portfolio Desk
User guide
Owner & trust 6 min read

Trust accounting

Money held on behalf of owners and residents is not your money, and in most states that is a licensing condition rather than an accounting preference. Trust accounts are tracked separately and reconciled three ways.

  1. 1

    Hold client funds separately

    Trust accounts are distinct from operating cash, with their own bank details and balance.

    Trust account reconciliation showing bank, ledger and beneficiary balances
    A real screen from the running product, captured against a demo portfolio.
  2. 2

    Reconcile three ways

    Bank balance against the trust ledger against the sum of beneficiary balances. All three must agree; a gap between any two is the thing a regulator asks about.

Used alongside

Owner accounting & statements

Owner subledgers, distributions, management fees and the statement that explains them.
Bank reconciliation

Match the ledger to the statement, and know exactly what has not cleared.
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