Accounting Software for Trading Portfolio

[newwurldmn]

It is clear that if you want to build something, you should have all the information, rules, exceptions, etc... Not just the trading stuff, but also the fiscal stuff...

You need help from a good account/bookkeeper or you will never get what you want. I think that what you wish is so specific that there is no standard package that can cover your needs. The potential market to sell the software is too small.

I’m not going to assume such a software doesn’t exist.

 

[Business2122]

Does anyone know of a software that will build accounting style financials for your trading portfolio?

That is it will take your portfolio, trades, inflows/outflows and construct

1. Opening Balance Sheet
2. Closing Balance Sheet
3. Income Statement
4. Cashflow statement

I’m sure there’s a few softwares that’ll keep track of your orders and do a decent job of greening and Redding transactions

but if you want proper write offs and a much lower tax bill excel is best because of its coding and rule making capabilities

Plus anyone who knows how to properly significantly lower capital gains taxes will not offer quickbooks prices to the public, it’ll be more like what PB’s charge hedge funds for access

 

[longandshort]

I ended up doing this manually in excel. Find any good alternative?

 

[newwurldmn]

I kind of gave up on this. But rereading this thread, I will put this back on the todo list