software

[SueJ]

From: Sue J


a vague question ...but can anyone recommend some software that will keep track of my IP's as well as a share portfolio?
MYOB?
I know Duncan has one for property but I was wanting one that I can use for both & then print out for tax time.
All suggestions welcome.
Regards
SueJ

 

[paulzag]

Reply: 1
From: Paul Zagoridis


MYOB is good. GIGO applies (garbage in Garbage out)

You may find Quicken or MS Money (even!) simpler to use.

Regards

Dreamspinner

 

[duncan_m]

software - but wait there's more!

Reply: 2
From: Duncan M



>I know Duncan has one for
>property but I was wanting one
>that I can use for both & then
>print out for tax time.
>All suggestions welcome.
>Regards
>SueJ


Sue, new version out very shortly which builds on the basic functionality of the first version, it now tracks share portfolios including Options, Installment Receipts and Fully Paid Shares, purchases and sales across multiple currencies..

The new version tracks:

-Property Receipts
-Property Payments
-Property Fixtures and Fittings
-Property Leases
-Property NOtes
-Property Capital Improvements
-Property purchase/disposal events.
-Investment Loans against a single property
-Investment Loans against a number of properties
-PAYE Payments (track Tax Credits thru the year)
-Work Related Deductions (laundry, etc etc)
-Charitable donations
-Vehicle Expenses
-Vehicle Logbook (finds you the best 3 months)
-Tools of Trade
-Home Office Expenses (apportions based on floorspace)
-General Investment Expenses (eg accounting fees, software etc)
-Insurance Policies (track policy numbers, expiry dates, company etc)
-Superannuation funds
-Outstanding Bills to be paid
-Goods and chattels (keep all your serial numbers, values, etc in the one place)

The end game is a "Tax Position" report that takes your PAYE Tax Credits, property loss/profit, Medicare Levy, HECS debt, CGT liability etc etc and gives you your bottom line.

The software exports the lot to Excel to give to your accountant..

Stay tuned or email me for further details..

Regards,

Duncan
duncan@otter-software.com.au

 

[WebBoard]

Reply: 3
From: Miakat .


Sue,

I use MS Money to keep track of both property and shares. It's easy to use and only cost about $65.

Miakat

 

[Michael Yardney]

Reply: 4
From: Michael Yardney


Quicken will do what you want as will Maus Stockmarket plus
Michael Yardney
Metropole Properties

 

[WebBoard]

Reply: 4.1
From: Firefrog .


Which version of Quicken is the go. I checked their web site, many different versions exist. Any tips.


The Frog

 

[Sim]

Reply: 4.1.1
From: Sim' Hampel


Quicken Personal Plus version 8 is the go in my opinion. I use it for tracking all my personal finances and have used Quicken for about the last 8 years.

It's not particularly good at tracking anything other than finances, except it does have a home inventory database that lets you store details of everything you own.

With so much historical data in Quicken (we even track and categorize cash transactions we do), it's amazing the kinds of reports I can generate and it tells us so much about our spending habits and how they have changed over the years.

This being said, if you are looking at some type of company / trust setup, then you may need something a little more sophisticated like QuickBooks to do your book keeping.

 

[Simon]

Reply: 4.1.1.1
From: Simon .


Is that version of Quicken an Australian one? Where I live everything financial seems to be designed for the US market and so is not so useful for an Aussie.

Simon

 

[Sim]

Reply: 4.1.1.1.1
From: Sim' Hampel


Yes, I am using Quicken Personal Pro Version 8, Australian Edition.

I don't know how much it matters, because I don't use the tax / cheque writing etc. features.