In CAS 360, Distributions can be added to Discretionary Trusts.
For more information on Unit 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 Discretionary Distribution screen.
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|
Select either $ or % or Free Text.
If selecting Distribution by %, ensure the final Combined Total % equals 100%
Under Beneficiaries, begin typing the Beneficiary's name. CAS 360 will begin searching the Global Contact screen for the contact.
Enter the Capital Income amount
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