Trust Accounting 101

Trustees aren’t just recordkeepers — they’re fiduciary stewards. Trust Accounting 101 is the essential guide for understanding, organizing, and executing your accounting duties as a private trustee. Whether you're managing a single trust or overseeing multiple estate layers, this volume walks you step-by-step through the responsibilities and tools required for compliant, transparent, and lawful trust administration. You’ll learn: The foundation of trust accounting principles How to set up ledgers, classify transactions, and balance accounts The distinction between income vs. principal tracking Real-world reporting methods and private fiduciary standards Includes practical case scenarios, quizzes, checklists, and a complete accounting toolkit with templates for ledgers, reporting sheets, and annual review forms.