what is involved in producing a financial accounting when you are a Agent

[luzernegirl]

What is the name of your state (only U.S. law)? Pennsylvania

 

[anteater]

Well, usually there is an Income Statement and a Balance Sheet.

And, if someone wants to hold your feet to the fire, all the documents that support the entries on them, which an agent should be keeping anyway..

 

[LdiJ]

What is the name of your state (only U.S. law)? Pennsylvania

To put it in simple terms. You have to account for every single asset in the estate, for every bit of money that you spent from the estate funds, and exactly what you spent the money for.