A Trust Account has many special features. It is in this area, where maximum number of frauds, misappropriations is committed. There could be hardly any Trust, which is not involved in one legal entanglement or the other.

There is a reason for this. Trust functions as per clauses detailed in the Trust Deed. A specified number of trustees govern the day to day affairs of the trust and issues related to placement of trust funds. The Public Trust and the Private Trusts are however governed by separate types of rules. With the availability of Trust Accounting Software, many a problems for the trust managers as well as the establishments that hold the trust account such as banks are solved. The application of this software provides legal protection to all the parties concerned.

The software package auto creates the standard letters, a documents register that prints documents receipts and keeps a record of important documents.

Right from the point of initial set up of the account, this software provides all information and safeguards.

This software is of immense use in the medical institutions, hospitals to maintain Employee Accounts. It provides a secured environment to open and operate the accounts and you are not likely to commit any legal mistakes.

The main features in the trust accounting software are:

• An unlimited number of master records may be loaded.
• Access for multiple users
• Access to unlimited and complete history of all transactions
• Facility to printed receipts and account statements
• User definable balances
• Distribute Interest amount over all accounts
• Accommodates an HL7 Interface
• Custom program changes

The Trust Accountant by Delta Data, Inc. is trust accounting financial software that offers all the features and benefits you need.

The main feature:

• Simplified, standardized input screens
• Dividend/Interest map posting
• Dividend reinvestment posting
• Hide transactions
• Automatic fee calculation and posting
• Cash sweep
• Accrual account
• Income tax report
• Tax code edit
• Tax lot recording and tracking
• Asset gain and loss reports
• Easy-to-read customer statements (several formats)
• Real-time transactions and asset information lookup
• Security pricing
• Check writing (order checks)
• Account profile information
• Portfolio modeling
• Import/export capabilities
• 800 telephone number support

Before buying a trust accounting software product, the usual precautions with regard to availability of after sales service read the FAQs carefully.