ESI2015 Posted October 27, 2021 Posted October 27, 2021 Have any fellow TPA firms found software that will scan brokerage statements for certain items such as contributions, withdrawals, dividends, etc and convert into an excel file for ease of starting the trust accounting process? We have found a significant number of clients recently that are moving back to individual brokerage accounts making the trust accounting much more labor intensive and with room for data entry errors. Looking for any best practice tips from other firms that have found efficiency solutions with brokerage trust accounting.
RatherBeGolfing Posted October 29, 2021 Posted October 29, 2021 Not a specific software, but I saw a bunch of them when I was with a CPA firm. They arent cheap, but look at CPA scanning and organizing software. They do everything from W-2s, K-1s, and brokerage statements. ESI2015 1
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