Toll-Free Sales and Support: 888-GEMS706 (436-7706) - Powerful Solutions for Estate Management GEMS - Gillett Estate Management Suite
...I can't tell you how happy I am to have found a revisited FATE/FET program. I'm in the process of working on a 706 as I write this email and it's very easy to work with. Thanks again.
Milwaukee, WI

GEMAcct

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.

If you are still using FATE, GEMAcct converts the DOS data files. In addition, you can import data from other programs directly into GEMAcct.

GEMAcct includes the following important features:

  • GEMAcct prepares concise reports that 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.
  • There are predefined cash receipts, cash disbursements, and non-cash transactions that permit you to make most entries without using traditional debit and credit entries.
  • 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.
  • GEMAcct permits you to easily begin accountings for existing trusts and estates.
  • 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.
  • GEMAcct includes a comprehensive manual in PDF format that you can search, view, or print.
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).