Class Trust Features

With Class Trust, you have easy access to accounting and tax reports to help you eliminate all excel work papers, helps you reduce the risk of errors, and provide you with the confidence that all the required information has been captured.

Using our range of tax reports (tax accounting reconciliation report, statement of net income report and statement of distribution report), the trust tax return is automatically calculated for you and you have all the numbers to streamline the review process.

Class Trust now supports Electronic Tax Lodgment, allowing users to lodge their tax returns direct to the ATO from the Class Application. Save hours of manual entry and avoid the risks associated with the double handling of data.

Customers have reported complex tax returns that consist of multiple elements now only take 30 minutes to lodge, down from from 3-4 hours, a 85% increase in efficiency.

With Class Trust’s Income Streaming feature, you will have a standardised process for streaming franked income, attached credits, and capital gains. The Income Streaming feature helps you easily distribute these different classes of income according to what was determined in the trustee resolution.

This saves significant time manually calculating the relevant income components and distributions for each beneficiary on spreadsheets. And helps you to focus on where it matters – helping your clients get their records up-to-date and on time on or before year-end.

Easy processing of both simple and complex corporate actions, through automated data feeds, smart calculators and bulk processing capabilities. Our corporate actions can be easily accessed and processed at a business level and trust or entity or client level to help you manage your clients’ funds with ease.

Automated prefilled of tax statement components and data will help to dramatically reduce tax statement data entry and preparation time.

Class’s Electronic Signatures solution helps you sign agreements and contracts digitally. Developed in partnership with DocuSign the features include pre-populated Class Reports, information porting to DocuSign and Signature Tracker to monitor document status. With DocuSign’s global security standards, you’ll be using the strongest data encryption technologies including two-factor authentication providing the highest security for your client documents.

Our Electronic Signatures solution helps you to:

• Save time: Up to 82% of agreements are completed in less than a day, and 49% in less than 15 minutes* 
• Gain efficiencies: Eliminate manual tasks and gain efficiencies for your customers.  
• Reduce costs: Reduce business costs and spend your time on what matters most to your customers. 

Class’ client view allows you to provide trustees and clients with 24/7 access to their own up to date view of investments and trust data from any device. Whenever you’re ready, you can simply invite your clients to have secure access to their data.

You can white-label your client view and invitations to clients to look and feel like your own brand.

Class’ client messaging provides a simple and secure way to exchange messages and documents between you and your clients. It is as simple to use as the texting and messaging programs available on your smartphone, but with the filtering capabilities of email.

Automated ‘business events’ will save you having to complete general journals and multiple transactions, which is simpler, more accurate, and less error-prone.

All transactions include a full audit trail and are easy to trace and simple to reprocess where required.

Class automatically generates income, using announcement data from the ASX and other financial markets.

Income, franking credits and withholding tax are automatically processed, based on the information received from these sources.

Foreign asset support provides accountants and financial advisers involved in the maintenance of investment portfolios with a greatly simplified solution to process and account for foreign equities and cash.