Beneficiary Accounting

Easily set up and manage discretionary trusts

Class’ beneficiary accounting enables the easy set up of discretionary trusts and add beneficiaries in Class Portfolio.

The scalable solution delivers significant efficiencies in processing and accounting of investment trusts. Using auto journaling, the Class system selects the correct general ledger accounts and automatically posts journal entries, delivering dramatic time savings compared to traditional manual journals.

Beneficiary accounting means you can quickly deal with different aspects of discretionary trusts, for example equity contributions and withdrawals, retained earnings and unpaid present entitlements, with everything recorded in the Statement of Financial Position and Notes to the Financial Statements.