SMALL Estate and Trust Management for non-accountant

Hello there, @SeaBorneSumo.

Yes. QuickBooks can be a reasonable solution for managing small estates and trusts.

QuickBooks offers various versions, including QuickBooks Online and QuickBooks Desktop. QuickBooks Online (QBO) might be more convenient as it allows you to access your accounts from anywhere with an internet connection.

There are a lot of plans to choose from that can help you distinguish what suits best for your business. These plans include Simple Start, Essentials, Plus, and Advance. Moreover, QuickBooks can also record transactions for Income received and expenses. These are their features:

• Income
• Expenses
• Invoice payments
• Receipt capture 
• Tax deductions
• General reports
• Receipt capture
• Mileage tracking
• Estimates
• Contractors
• Cash flow
• Sales and sales tax

However, you can also seek assistance from your accountant if you need further guidance in choosing the best plan. If you don't have one, you can use our Find-an-Accountant tool to look for an expert near you. 

Furthermore, here's an article that you can browse for you to be able to record capital investments to track money going into your business: Record an owner's contribution or capital investment.

Keep me posted if you still have further queries about managing your entities. I'll be just one post away. Have a good one.

@SeaBorneSumo 

Consider to use QB Desktop to manage multi files. You can still purchase QB Desktop 2024 Pro Plus for single user = $650 vs 3 QBO accounts.

I would like to follow this thread.  I moved my assets into a trust and am no longer the owner.  I am a manager of the trust.  While filling out the section of "Who works at this business?"  there are 5 choices and none of them apply to my situation.  I am no longer the owner.  We don't have employees.  We aren't contractors.  We are not a few partners and owners nor are we planning to hire in the future.

For legal reasons what should I put or should I leave this blank?

I appreciate you reaching out to the Community, @RusticRetreat.

To provide you better assistance, could you please let me know which section of QuickBooks you are currently in?

Also, I would like to know what kind of transactions you are trying to create. If possible, it would be great if you could provide a screenshot of your current QuickBooks view, as it would help me in providing an accurate solution. Any information you can provide would be greatly appreciated.

Looking forward to your response. Have a good one.