Trusts

Trust Tax Structures

Advali Analysis modifies the accounting standards account classifications for trust tax structures for the beneficiary accounts in order to normalise the financial performance analysis. The beneficiary accounts, which are liability accounts in Xero's report code mapping, have been reclassified as equity; therefore the equity balance in Advali Analysis will not match to the equity balance reported in Xero.

The beneficiary accounts which have modified account type classifications are detailed in the image below.