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Trusts or unit trusts

Accountants Enterprise in Australia only

Changes in statutory and legislative requirements may arise throughout the year. Although these sample accounts are correct at the time of printing, it is important to review and add to or alter accounts to meet any change in requirements.

This section provides an overview of the financial reports included in the MYOB Masters for a trust or unit trust. It is recommended that you review Producing financial reports on page 12 for general information that applies to producing financial reports for all entity types.

Financial reports must be thoroughly checked after printing to ensure that correct and full disclosure has been made and that the wording in all reports is appropriate for the client's circumstances.

Three sets of financial reports have been provided:

  • #Non Trading Trustee Company Non Reporting

  • #Trust (Reporting and Non-reporting)

  • #Trust Non Compliance all Balance Sheet Notes.

Included in the report #Trust are:

#Trust Non Compliance all Balance Sheet Notes is based on trust non-reporting requirements with the production of a separate note for each balance sheet category.

#Non Trading Trustee Company Non Reporting is based on a small non-reporting report presentation.

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