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 

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