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Post Info TOPIC: Family trust accounts
Jane


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Family trust accounts
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Just been approached to look after the bookkeeping for a family trust - anyone have any insight on this one.  Maybe a few months before its all set up so I have plenty of time to research but if anyone has any pointers I would be greatful.

Thanks
Jane


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Lisa Jo


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Hi Jane, Ive done some of this work as the accountants I work for are in charge of some trust funds. Its just a case of writing cheques/bank payments for receipts that you have for withdrawel of money. Also ensuring that the release forms are signed if needed.

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Jane


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Thanks for reply.

Do you not need to keep formal records of accounts for the trust? 

Jane

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