In CAS 360, Distributions can be added to Unit Trusts.
For more information on Discretionary Trust Distributions, click here.
|From the Main Toolbar, go to Trust||
|Select the Trust from the list.||
And select Add Distribution
CAS 360 will display the Add Distributions screen.
Date the distribution declared by the company directors
Toggle ON to use the date declared as the document date
|Unit Type||Choose a company unit type which dividends will be paid for|
|Amount type||Select either Distribution Per Unit or Total Distribution|
|Distribution Amount||Enter the amount paid per unit or the total amount paid to all unitholders (depending on the amount type selected)|
|Franked Amount||Enter the Distribution Amount (from above) that has been franked|
|Distribution Tax Rate||Select the distribution tax rate.|
|Distribution Type||Final (issued at the end of year), Interim (issued mid year), Special (seperate from the typical dividend cycle) or Other|
|Distribution Payment||How is the Distribution paid to the Company Shareholders? Select either Distribution Paid in Cash, Distribution Credited to Load Account or Other|
|Payment Date||Date the Distribution is paid|
|Payment Currency||Enter the Currency Symbol|
CAS 360 will display the Document Production screen where the following documents can be prepared:
- Cover Letter
- Distribution Statement
- Declaration of Distribution Resolution/minutes
- Listing of Distributions Paid
- Register of Trust Relationships
- Register of Trust Events