This template is designed to manage trust accounting using double-entry bookkeeping, including assets, investments, income, expenses, and distributions to beneficiaries.

Its main feature is the use of accounting segments to separate Principal and Income. Transactions can be assigned to the Principal segment or the Income segment, allowing users to generate financial reports that show each component separately, while maintaining a unified chart of accounts.

To view the financial statements with separate columns for Principal and Income, use the Enhanced Balance Sheet with Groups command and enable the Subdivision by Segments option.

This is an experimental template. We invite users to try it and explore whether using segments to separate Principal and Income provides a practical and effective solution for trust accounting.

If this approach proves successful, we believe that Banana Accounting could become a highly effective and competitive solution for trust accounting, combining the flexibility of double-entry bookkeeping with a simple and efficient way to manage Principal and Income separately.

Your experience and feedback will help us evaluate the usefulness of this approach and identify possible improvements.

If you need to manage securities, see also: Banana Investment Accounting