This article will guide you through the start to finish process of manually setting up a new trust profile
This article will guide you through the start-to-finish process of manually setting up a new trust profile in Connectworks. Trust profiles can also be imported in bulk or Importing a Trust from Xero Practice Manager. If you have a large number of trusts to set up these methods may be more time-efficient. However, the method outlined below has the benefit of ensuring a high-quality profile is created from the outset.
0:00 Things to prepare before setting up a trust
1:25 Setting up Corporate Trustee Companies
3:07 Set up the Trust Profile
5:41 Adding associated parties to entity profiles
12.03 Upload Historical Documents
Things to prepare before setting up a trust
To speed up the process of setting up an individual trust in Connectworks it’s a good idea to compile key information in one place. Refer to the original trust deed (and any variations to the deed) to gather the information.
Setting up Corporate Trustee Companies
The quickest way to set up companies (or corporate trustee companies) is by importing the information held by the Companies Office, either individually or by using our bulk import service. If you have a large number of trusts we suggest using our bulk import service
Select your preferred set-up method:
Set up the Trust Profile
The links below will guide you through the start-to-finish process of manually setting up a new trust profile in Connectworks.
Adding associated parties to entity profiles
The links below will show you the process for adding parties to the trust, and the roles available
Upload Historical Documents
The following links have a generic overview of uploading documents, Document tags and the Document Management Training video.
Update the trust ledger
The following link is the main landing page for Asset and Liabilities