Crossfire Accountings Was Formerly SLK Consulting Group New Name, Same Great Team!
Below is a breakdown of the components of an accounting and what we will need from you in order to complete the project.
We recommend that you use our accounting template; we make sure that our templates are compliant with the probate code and we have built some easy-to-understand features in to ours that make it much easier for your beneficiaries to comprehend.
If you would like us to use your template, please feel free to let us know and we will customize our work to fit your specifications! The first time often requires us to work together more closely so that we can prepare it exactly as you would.
For the first accounting we will need appraisals of non-liquid assets to establish a date of death and/or beginning value of the accounting.
For investment accounts (stocks and bonds) we use a software called EVP to determine the date of death and/or beginning value; we recommend you have the bank determine this value since they will do it for free and EVP will charge you for the service.
For estates with 706 forms and Inventory & Appraisals, we will tell you whether we think there are errors on these forms so that you can have them checked out by the correct professionals.
For the second accounting and beyond, we will need at least the ending values of the previous accounting and a brief summary of the final transactions included in the previous accounting to avoid duplication.
We have software available for secure delivery of files but we can also use a software of your choice. If you want to email files but are concerned about email security we can show you how to password protect them. We will only ask for information that is directly related to the accounting date range.
Usually our fiduciary clients do bookkeeping to ensure there is a record of what each transaction was for and who the money was exchanged with.
For our attorney clients, we have a helpful ledger spreadsheet you can provide to your client with at the beginning of the administration that asks them to record (a) transaction details, (b) trustee time, (c) trustee mileage, and (d) trustee expenses. This is helpful to reduce the frustration of your client, reduce accounting costs, and increase the overall professionalism and organization of the case.
If we do not receive these notes then we will put together the ledger and cut out the transactions that we have questions about and email you the excel file to fill in.
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