Details
For trusts, a Distribution is a payment made to the Trust Beneficiaries or Unitholders.
In CAS 360, Distributions can be added to Discretionary Trusts.
For more information on Unit Trust Distributions, click here.
Navigation
| From the Main Toolbar, go to Trust | |
| Select the Trust from the list. | |
| Select Beneficiaries |
Click
And select Add Distribution
Instructions
CAS 360 will display the Add Discretionary Distribution screen.
Field |
Explanation |
|---|---|
| Date Declared |
Date the distribution declared by the company directors Toggle ON to use the date declared as the document date |
| Currency | The Currency the Distribution is paid in |
| Distribution Type |
Select either $ or % or Free Text. If selecting Distribution by %, ensure the final Combined Total % equals 100% |
| Beneficiaries | Under Beneficiaries, begin typing the Beneficiary's name. CAS 360 will begin searching the Global Contact screen for the contact. |
| Capital | Enter the Capital Income amount |
| Income | Enter the amount of other Income |
| Dividends - Franked | Enter the Dividend Income amount |
| Dividends - Unfranked | Enter the Dividend Income amount |
| Total | The total sum of the income amounts entered for the beneficiary. |
Click to add another column. Users can select from up to 24 tax return components.
Click to Delete a Beneficiary or column from the screen
Click Save & Prepare or Save when finished.