Online Check book and Accounting Tool for Estates or Trusts
ProteanPAPER© technology is
a great tool for tracking the finances of Estates or Trusts or
other types of small, temporary accounting tasks. The
accounting tools used in ProteanPAPER© keeps track of
transactions in your checkbook, your credit cards, and any other
ledger of financial activity you wish to record and monitor.
Before an Estate can be
closed, the Administrator will need to prepare an inventory, value
all assets in the estate, and prepare a final accounting of estate
income, expense and distributions to heirs.
The ProteanPAPER© GL
makes this task as easy as it can be. When you set up the estate in
the GL, use the Estate template for the chart of accounts. This will
create reports and accounts typical of that required for an Estate.
Enter Assets in inventory and
offset them as Equity of the Estate. As more valuation is done,
continue to add inventory. You can subdivide the inventory by heir
if you wish for easy distribution.
The estate bank account is
established in the GL and all expenses and income is recorded as you
write checks and make deposits.
Simply document all
administrative tasks and the final accounting is as simple as
printing a report then filing with probate.
Subscribe to the ProteanPAPER©
GL and use your computer's web browser to enter
and examine your estate records. Even after your subscription
terminates, your data is available on a read only basis for an
additional year making it ideal for the length of time necessary to
administer an estate.
If this capability sounds like
something you can benefit from, click below and sign up. You will
only want the GL module, which is the default module. If, at any
time during the first 30 days you decide the GL is not the tool for
you, simply notify us and we will refund your subscription.