Trusts, Estates & Charities
The Troika system has been developed
over the last 10 years and has evolved into a complete
solution for all Trust and Estate accounting and administration.
The software is ideal for any clients that hold investments,
assets and bank deposits, and was originally developed
with the trust and estate practitioner in mind.
Trusts
Troika can reduce the time spent
on many day to day tasks, and automate many others.
Transactions can be posted and reported on quickly
and efficiently allowing more time for client facing
and income generating activities. Troika has all the
features you would expect from traditional trust systems
but with new features designed to give you more control
and information then ever before.
FinApps are also able to deliverable
a fully customisable solution, which other systems
cannot contemplate offering. We are able to offer
bespoke programming services and can commission new
features in addition to core system functionality.
Please contact us for further information.
What can the Troika system do for
me?
- Record details for
all trusts including accumulation and maintenance,
life interest, discretionary, charitable and other
trust types
- Maintain registers
including life tenants, bankers, safe custody, trustees,
beneficiaries and bankers
- Full foreign currency
accounting with automatic recalculation of ledgers
for all clients and sub funds
- Post
and maintain CGT records seamlessly with each investment
ledger, run CGT 'What If?' reports and compute CGT
positions for decision making
- Unlimited
styles of accounting templates through Troika
Accounts
- Produce accounts
for any trust, fund and period or combine funds
for consolidate accounts
- Portfolio
management tools including automated corporate actions
routines and batch posting of dividends.
- Investment
bulk dealing with settlement across groups
of clients
- Automated client
splitting when beneficiaries become absolutely entitled
- Automatic bank interest
calculation and posting options
- Wide range of reports,
schedules and statements
But I already have a system for
Trusts...
| |
Troika
|
| Does your system prepare accounts
in under 20 seconds? |
|
| Can you access any period and re-run
accounts even after a period close? |
|
| Can you post transactions to a global
bank account automatically? |
|
| Is your Time & Billing system
fully integrated with the client accounting? |
|
| Can you post and
amend transactions in any period? |
|
| Can you produce draft accounts,
and work in other periods simultaneously? |
|
| Can you generate investment
schedules as part of your accounts? |
|
| Can your system automatically generate
letters to trustees etc.? |
|
| Can you access any client details
or groups of clients via an Internet Browser? |
|
If the answer to any of these questions
is no, then call us on +44 (0)1403 891155.
Estates
Troika can be utilised for all probate
cases by collecting all financial information at the
date of death; to provide reports to assist and support
with the preparation of the IHT forms and corrective
affidavits. It does this by using codes from the Master
Code database to record the assets and liabilities
at the date of death, and then using the full accounting
functions in the wealth management module to prepare
the estate accounts.
- All assets will be
realised, sold or distributed
- Reports can be produced
at any time to give a measure of work outstanding
- Accounting balances
are maintained throughout
- Automated 'client
splitting' can transfer individual shares of investments
to beneficiary clients or trusts arising from the
estate.
- Documents and letters
can be generated and stored from the system
- Work flows and standard
task
lists for each estate can be set-up on the system
Accounts and reports consist
of:
- Statement
as at the date of death showing the assets and liabilities
of the estate, giving net chargeable value.
- An
estate account, starting with the net value and
showing the adjustment for items included for IHT
purposes.
- Additions
to and reductions
in the value of the estate during the period of
administration.
- A
distribution account starting with the adjusted
estate value
and showing the bequests and the distribution to
the beneficiaries.
- Beneficiary
accounts showing individual entitlement to share
in the estate and how these have been satisfied.
- Cover
sheet, index summary of the will, notes on the administration
as required.
Charities
Troika can be used to prepare
charity accounts using Troika
Accounts.
The annual report and financial
statements can be prepared, including:-
- Trustee
and
Director Reports (including information from registers
stored in Troika)
- Other
reports including
audit and examiners reports
- Balance
Sheets
- Income
and expenditure
- Statements
of Financial Activities
- All
notes and appendices
The system can also be used to manage
any investments, bank deposits, bank interest and
other income. Troika can also calculate realised/unrealised
gains and losses on investments and prepare portfolio
valuations across restricted and unrestricted funds.
Please contact us for further information.
