Overview
Custodial Account Management is a project accounting solution for custodial trust accounts.
A custodial trust is a fiduciary arrangement. A third party trustee, such as a state or municipal government entity, holds assets on behalf of a beneficiary.
The trustee performs administrative functions in management of the trust rather than a decision-making role.
In the Financials & Supply Management suite, one or more accounting entities act as trustee for an individual custodial or other type of trust.