Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Is there a common method to allocate interest in a group trust (https://www.askmehelpdesk.com/showthread.php?t=612934)

  • Nov 17, 2011, 07:21 AM
    parbuthnot
    Is there a common method to allocate interest in a group trust
    Skilled Nursing Facilities must keep resident funds in an interest bearing trust fund. The issue is that when the interest allocated is distributed across the residents there are often pennies left from rounding. Is there a standard practice for how the rounded amounts are then distributed?

  • All times are GMT -7. The time now is 12:10 PM.