I own and use PIAfpu, Personal Professional Version V7.018 for my investment property.
There are two aspects that Im not sure how to incorporate into the program -
1. HECS Debt. My HECS debt obviously effects my gross pay and cash flow. I believe that my rental income is also factored into HECS debt repayment calculations.
2. Salary Packaging. I work for the Health Department and hence claim my mortrgage repayments (on my PPOR not my investment property) and electricity on salary packaging to reduce my taxable income and hence improve my take home pay.
How can these things be best reflected in the computer program? Can someone who is both accounting and software savvy point me in the right direction please?
Cheers,
JBY
There are two aspects that Im not sure how to incorporate into the program -
1. HECS Debt. My HECS debt obviously effects my gross pay and cash flow. I believe that my rental income is also factored into HECS debt repayment calculations.
2. Salary Packaging. I work for the Health Department and hence claim my mortrgage repayments (on my PPOR not my investment property) and electricity on salary packaging to reduce my taxable income and hence improve my take home pay.
How can these things be best reflected in the computer program? Can someone who is both accounting and software savvy point me in the right direction please?
Cheers,
JBY
