CCH Trust Accounts Software
Today's trust practitioners face pressure from two sides: at the same time that trust accounting and tax work are becoming more competitive, the obligations on trustees are continually increasing.
So as well as having to increase efficiency and cut costs, trust practitioners are also having to improve the presentation of reports, closely monitor investments and eliminate errors. CCH Trust Accounts is the perfect tool for simultaneously achieving both these goals.
Rather than use a general purpose accounting application together with extra spreadsheets and some form filling software, practitioners can save time and work more efficiently with a single, purpose built application.
CCH Trust Accounts isn't just for trusts; it can be used for many other entities that hold investments, such as estates, charities and pension funds. It also supports the investment reporting requirements of high net worth individuals.
CGT 'What if?' calculations ensure your clients fully utilise their exemptions and avoid unexpected liabilities.
Securities information can be updated automatically from a third-party data feed. The software uses this information to generate automatic entries for dividends, rights, bonuses and more complex corporate actions.
Powerful multicurrency accounting makes CCH Trust Accounts especially useful for offshore trusts and pension accounts.
By storing portfolios in a single database, CCH Trust Accounts makes it possible to produce cross-client reports. For example, a single report showing the performance of every client's portfolio during the year can be used to provide an executive summary.
CCH Trust Accounts software is part of Wolters Kluwer's suite of software products which share data through CCH Central, making it possible for you to report, access and use tax, accounting and practice management information across the entire practice.