Profit to net income, line by line
Fedix Shorts - 26 seconds - published 25 October 2026
Does FediPilot bridge a trust's accounting profit to net income?
In a trust, accounting profit and net income are not the same thing. FediPilot builds the bridge between them, line by line. It checks the distribution against the trustee's resolution. And you settle the distribution. The draft return waits for your review.
Transcript
In a trust, accounting profit and net income are not the same thing. FediPilot builds the bridge between them, line by line. It checks the distribution against the trustee's resolution. And you settle the distribution. The draft return waits for your review. Try it free at home dot fedix dot ai.
The clients, names and files shown in the video are fictional. FediPilot prepares the work; the accountant reviews it.
Sources
- Fedix home page: The 14-day free trial offer and "Nothing is lodged without your approval."
- FediPilot recordings: builds the trust accounts and the bridge from accounting profit to net income in Excel, checks the distribution against the trustee minutes, prepares draft financial statements and saves a draft trust return with each beneficiary. You settle the distribution. The first minutes were unsigned, and one capital component and a franking credit were corrected on your review.
Last reviewed 25 October 2026.
