Q&A: Trust Distribution to beneficiaries (Financial Report) : LodgeiT

Q&A: Trust Distribution to beneficiaries (Financial Report)

Modified on: Tue, 1 Oct, 2024 at 11:30 AM

Question:

I have distributions to a trust and they should fall under non-operating expenses right at the bottom. it should be as follows:

Operating profit XXXXX

Less: Non Operating distribution

Distribution to Beneficiary A

Distribution to Beneficiary B

Answer:

Please check the following guide:

Preparing Q&A: Trust Distribution to beneficiaries for a Trust

Working with Trusts

Trust Beneficiary Loans in QuickBooks

Then, in your Financial Statement It will show as this-

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