Taxes – Schedules

User-Defined Layout: use the built-in report writer to create detailed customized schedules for the K-1 return.
Free-Form: retrieve any value from the investor tax calculation with the built-in flexible query tool.
Local Jurisdications: present investor tax information by locality.
Offshore Disclosures: generate TD F 90-22.1 forms for U.S. investors.
Tax Packages: generate a set of schedules, complete with index, and collated by investor.

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Supporting Schedules

Create tax schedules as back-up for investors' K-1 information.
Tax Variables

Variables help gather information to be presented in the schedule.
Query Variables

Queries can isolate specific amounts needed in the schedules.
Calculated Variables

Calculated variables are used for totaling or subtotaling queries.
TD F 90-22.1 Offshore Tax Forms

Generate required offshore financial disclosures for U.S. investors.

Why is our software called "Penny" ?: Because our founder - a CPA, former hedge fund CFO, and programming guru - was hoping to purchase an accounting package. But none of the existing fund accounting systems could handle balancing complex partnership accounts down to that last penny. So he created one that could.

Is it "I.T. Works" or "it works" ?: Actually, its both. After a 2 week installation, our first customer was running so smoothly he told us we should call the software "it works". We had a name, but happily adopted the sentiment as our tagline. The logo artist thought it was "I.T." - as in information technology - and a pun was born.

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