GEMAcct prepares trust accountings and estate accountings that comply with the National Fiduciary Accounting Standards. GEMAcct employs a double entry accounting system to accurately portray the financial condition of the trust or estate, simplifying data entry so you can enjoy the benefits of a double-entry system without possessing an accountant's expertise.

If you are using GEM706 to prepare the estate's federal estate tax return, you can transfer all assets, liabilities, and other deductions directly to the appropriate schedule on Form 706. You can also use GEMAcct as a stand-alone program if you are not preparing the return or if no return is required.

GEMAcct includes the following important features:

• GEMAcct prepares concise reports which comply with the National Fiduciary Accounting Standards, the mandated format in many jurisdictions and an accepted format in most other jurisdictions.
• Through Quicken, you can download assets and transactions from thousands of financial institutions directly into GEMAcct.
• GEMAcct supports check writing.
• GEMAcct displays all of the various program divisions on its Main Menu, including the assets and liabilities which comprise the trust or estate and the transactions which affect each account.
• You can define your own word processing macros, a feature which speeds data entry and provides a more consistent appearance for your accountings.
• There are predefined cash receipts, cash disbursements, and non-cash transactions which permit you to make most entries without using traditional debit and credit entries.
• GEMAcct permits you to generate financial reports detailing transactions related to individual businesses that the entity operates.
• If the entity or the jurisdiction has special accounting requirements, you can define custom reports to satisfy those needs.
• You can print each report in PDF format, making it easy to e-mail accountings to beneficiaries, executors, and other interested parties.
• You can also print the reports as either a Word or Excel file, giving you the flexibility to make small changes in the language or format, if desired.
• GEMAcct permits you to easily begin accountings for existing trusts and estates.
• GEMAcct includes a comprehensive manual in PDF format which you can search, view, or print.
• You can interface with EVP Systems, Inc. to value securities as of the decedent's death and the alternate valuation date in accordance with the Treasury regulations or to obtain fair market values for accounting purposes.

To purchase GEMS, click here.

If you would like to view a demonstration on line, click here.

To download a fully functional demonstration version of GEMS, click here.

If you would like more information about GEMAcct, e-mail or call our sales department at 888-GEMS706 (436-7706).