Accounting Software

Greenfuji · Aug 30, 2005

Does anyone know of a good accounting package for traders? Something that can handle multiple currencies, enters trades in a sensible fashion and does all the other usual acounting stuff.

The problem I have found with some is that they are not suited to traders. They require vendors, and inputing a trade which is not a buy and sell (sell and buy), say like expiry of options, just doesnt compute.

I have only tried extremely simple programs (totally useless) and MYOB (over complicated and not suited for traders).

JMowery1987 · Aug 30, 2005

Quote from Greenfuji:

Does anyone know of a good accounting package for traders? Something that can handle multiple currencies, enters trades in a sensible fashion and does all the other usual acounting stuff.

The problem I have found with some is that they are not suited to traders. They require vendors, and inputing a trade which is not a buy and sell (sell and buy), say like expiry of options, just doesnt compute.

I have only tried extremely simple programs (totally useless) and MYOB (over complicated and not suited for traders).

I recently purchased Quicken 2006... more suited for Investors, not traders, but it downloads the data from Ameritrade which is the broker I use, but my personal bank doesn't have online banking, so I'm screwed there.

I have yet to find a solution for traders.
But I am yet to be completely profitable, but I'd love to track my losses and breakevens, until I will be consistantly profitable. Until then, I will stick with Quicken as MSN Money hasn't done it for me personally. Maybe on Linux there is a solution, but i'm not sure.

If anyone knows, please let us know

Catoosa · Aug 30, 2005

Look at Captools.com. I have been using Captools Global Edition for several years.

agent_007 · Aug 31, 2005

http://stockgappers.com/mm/Stock Gapper Tracker.xls

Its simple, straighforward and customizable. I've been using it for a while and like the simplicity of it. Download it and play with it.

NKNY · Aug 31, 2005

Check out this thread....

http://www.elitetrader.com/vb/showthread.php?s=&threadid=54103&highlight=performance+software

Greenfuji · Sep 1, 2005

I just want to emphasise the need the software is an accounting package, hence it not only records are trades and provides a profit loss summary but manages assets and expenditure. Handles depreciation and possibly even payrole.

I found MYOB would have been nice if it didnt require the need for all transaction to be based around vendors. I will have a look into Quicken.

ellokn · Sep 1, 2005

Quote from Greenfuji:

I just want to emphasise the need the software is an accounting package, hence it not only records are trades and provides a profit loss summary but manages assets and expenditure. Handles depreciation and possibly even payrole.

You migt be interested in this:

http://www.peachtree.com/

More...

Boy Plunger · Sep 1, 2005

Quote from JMowery1987:

I recently purchased Quicken 2006... more suited for Investors, not traders, but it downloads the data from Ameritrade which is the broker I use, but my personal bank doesn't have online banking, so I'm screwed there.

I have yet to find a solution for traders.
But I am yet to be completely profitable, but I'd love to track my losses and breakevens, until I will be consistantly profitable. Until then, I will stick with Quicken as MSN Money hasn't done it for me personally. Maybe on Linux there is a solution, but i'm not sure.

If anyone knows, please let us know

Use their gainskeeper service. It worked for one of my accounts. You can export into xls and quicken(i think).

proedge_joe · Sep 1, 2005

One to check out:

http://www.manusrisco.com/

agent_007 · Sep 17, 2005

You may also want to check out gainskeeper at http://www.gainskeeper.com