startWhat does CCH Trust Accounts do?
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What does CCH Trust Accounts do?

CCH Trust Accounts
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Getting StartedOverview
    This section explains details the features of CCH Trust Accounts and the make up of its user base.

    Overview

    CCH Trust Accounts is an accounting product for entities holding investments (e.g. trusts, estates, charities, pension funds etc.). It also supports the investment management requirements of high net worth individuals. The principal features are a nominal ledger and an investment ledger, and it also produces final accounts and a Capital Gains Tax (CGT) computation. CGT is supported for both the United Kingdom (UK) and Irish jurisdictions. Its sister product, CCH Personal Tax, calculates and produces the UK Tax Returns for individuals, trusts and estates.

    The Trust Accounts’ user base is diverse and includes:

    • Accountants, including most of the big 5
    • Merchant banks
    • Offshore accountants and banks
    • Solicitors, who use it for both trust work and probate
    • Charities
    • Pension funds
    CCH Trust Accounts versus CCH SecTAX

    CCH Trust Accounts is an extension of another suite product, CCH SecTAX.

    Note: CCH SecTAX calculates UK CGT but does not produce accounts.

    • If you only deal with investment management and CGT, but do not produce accounts for your clients, use CCH SecTAX rather than CCH Trust Accounts.
    • If you produce accounts for their clients use Trust Accounts.
    • If you deal with tax work for some of your clients and both tax and accounts work for other clients your best option is Trust Accounts. For the tax-only clients you only switch on the Investment Ledger. This enables you to do CGT without entering nominal account codes. For your tax and accounts clients you switch on both the Nominal Ledger and the Investment Ledger.
    • Finally, if you deal with Irish CGT, use CCH Trust Accounts as CCH SecTAX currently only supports UK CGT.

    Related documents

    Linking to clients in CCH Central
    This document provides instructions on how to link and unlink clients from CCH Central in the CCH Trust Accounts system. To link a client, the user must select the client, click "Edit," then "Link," and choose the appropriate client from Central. Once linked, certain fields become non-editable in Trust Accounts. To unlink a client, the user clicks the "Unlink" button, which restores editability but deletes any accounting periods in Central. Key fields updated from Central include client name, address, and contact details.
    Database Parameters
    Various features in Trust Accounts are optional. To set up many of these, from the Activities menu select System Management, and then Database Parameters.
    Data Parameters
    Various features in Trust Accounts are optional. To set up many of these, from the Activities menu select System Management, and then Database Parameters.
    Database Parameters
    Database Parameters
    Passwords
    Passwords