Personal Trust Training Podcast

Personal Trust Training Podcast

By Abundance Group TrustArts
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Personal Trust Training Podcast episodes

  • Training # 10 part 1: Accounting and Bookkeeping

    See the Video Recording here:
    https://us04web.zoom.us/rec/play/shDQMXoKIgaYZRqk9euJS28e3ocytmdxzutHCWosOK03VdE6HO9Ev9mRZdJhuvg5YcKHIKCl4fLH_V1a.Tal48aXi0WRDC-xR?autoplay=true&startTime=1734455928000

    Access the Live Transcript here:
    https://otter.ai/u/PNHAcpS0DYxZwhW--PyNvfiJj80?view=summary

    Outline:
    - QuickBooks Online Overview and Pricing (0:03)
    - Advantages and Considerations of QuickBooks Desktop (1:21)
    - Chart of Accounts and Bookkeeping Basics (15:32)
    - Handling Multiple Properties and Business Trusts (26:20)
    - Equity and Distributions (37:21)
    - Income and Expenses (57:07)
    - Handling Short-Term and Long-Term Capital Gains (1:08:38)
    - Conclusion and Next Steps (1:11:03)

    Copyright 2024 Abundance Group Trust. All Rights Reserved.

    1 hr 13 min
  • Training # 10 Part 2: Accounting And Bookkeeping

    See the Video Recording here:
    https://zoom.us/rec/play/c45nxdK-jGwoEj_idzG6algLAVVHLUFwu-JrcJIP9hcb4LOPrkAJF1Xn3N6UFhNz1OuKJwNS76c6bDtB.7BUsChRpBmnKg29I?autoplay=true&startTime=1736270067000

    Access the Live Transcript here:
    https://otter.ai/u/tC1q7r4isd28tKbyr_AztZ3uM-g?view=summary

    Outline    :
    - Demand Note and Chart of Accounts Overview (0:07)
    - Interest Expense and Cancellation Process (2:33)
    - Cash vs. Accrual Accounting for Interest Expense (7:05)
    - Expenses and Codes for Personal Trusts (13:39)
    - Business Trust Accounting and Depreciation (22:45)
    - Foundation Accounting and Contributions (44:29)
    - Statement of Activities and Expenses (49:25)
    - Demand Note Interest Calculator (50:02)
    - Questions and Clarifications (1:05:12)
    - Final Remarks and Next Steps (1:08:19)

    Training #10: Personal Trust Accounting & Bookkeeping; Demand Note; Calculating Demand Note Interest 


    Chart of Accounts: https://www.abundancegroup.com/coa


    Deposit Expense Register:  https://docs.google.com/spreadsheets/d/1oUpa2eUX2cWzV1r90asK80-7npj_R8s8/edit?usp=drive_link&ouid=102397051161162823409&rtpof=true&sd=true 


    Deposit Expense Register Instructions:  https://drive.google.com/file/d/1lCFHpw2adLEk-bcS1li3bZcJyBLZBFfz/view?usp=drive_link 


    Demand Note Interest Calculator: https://docs.google.com/spreadsheets/d/1TLhGCre9UFnx1wAHV7GUQEmIh_kNPVGO/edit?usp=drive_link&ouid=102397051161162823409&rtpof=true&sd=true 


    Demand Note Interest Approach:     https://drive.google.com/file/d/1nL_UpDKA3FtGTr8cWZqrPbZHr2yj-iSb/view?usp=drive_link 

    Copyright 2024 Abundance Group Trust. All Rights Reserved.

    1 hr 8 min

About Personal Trust Training Podcast

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Training on How to Fully Implement and Utilize Your Personal Trust.