A Trust Accounting and Performance Reporting Software Solution

"Financial Navigator programmers and user support staff are highly knowledgeable and responsive to our needs. When it comes to program support or suggestions for adding certain things to the program that would simplify my life, they are always there for us. We sometimes ask some complex questions and they can always handle it."

Charlene Kleiner
Manager
McBean Properties

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• Reports on Principal and Income accounts separately.
• Handles complex account structures in the chart of accounts.
• Accounts for tax lots at fair market value, cost-basis, or both.
• Ensures integrity with true double-entry accounting and strong general ledger support.
• Produces over 100 sophisticated reports across multiple entities and multiple years.
• Prepares tax forms and schedules.
• Exports all reports to Excel or PDF with a single mouse click.

Managing trusts or estates means that you often have to account for principal and interest assets separately. Navigator's extensive chart of accounts allows you to do this by using qualifiers to classify principal and interest assets separately for tax and reporting purposes. Navigator's double-entry accounting structure assures the integrity of your entries.

One important challenge you face in trust accounting is multiple layers of marketable securities. Navigator has the portfolio management tools that you need. It lets you account for multiple tax lots, track blocks of securities by cost-basis and purchase date, produce interim tax schedules, and automatically update security prices directly from the Internet. This is ideal for private foundations or if you’re looking for a partnership accounting solution.

To assist you to serve multiple audiences, Navigator's reporting features are tailored to the special information needs of fiduciaries, beneficiaries and trustees and can report on principal, interest or both. The Advanced Reports add-on module produces consolidated reports that span multiple years during lengthy estate settlements.

Managing disbursements from multiple accounts to many interested parties is time-consuming for a manager of trusts or the executor of an estate. CheckForm makes complex check-runs simple. You can print an entire check-run from multiple accounts onto blank checkstock — fully customized, professionally formatted and MICR-encoded — avoiding the need to handle multiple pre-printed checkstock.

Financial Navigator offers training and support so all the people in your office can learn its powerful capabilities. Find out more about Navigator and which Edition is right for you and your clients.