Serving PIF Administrators Since 1982!
PFORZ eliminates manual process, saving time, and improving accuracy.
- Maintains all necessary information on fund beneficiaries
- Automates production of payment checks
- Produces EFT payments
- Allocates taxable income by category and produces Schedule K-1s at year-end
Unitizes new gifts
- Distributes income among fund participants
- Creates general reports with participant information
- Creates quarterly distribution reports
- Produces annual reports on each fund that includes the book value and market value of participant units
- Makes all necessary adjustments when a gift terminates or a beneficiary dies
- Updates to new period
- Computes FASB 116/117 Liablilities
