Hi All
Has anyone had experience with Accounting Software that is Specific to the WRAP process.Can you let me know where I can find same and how well you would rate it.
Garry A Humphreys
Gary,
I’ve good comments from several people about LOAN ALERT
Have a look at it : http://www.loanalert.com.au
Cheers
Scott
You may know the cost of everything…. but what about the value ????
Hi Garry
If you are looking for software to manage your clients’ loans then I’d agree 100% with Scott, i.e. Loan Alert is the best around.
If you are looking for Accounting Software to do the books for your wrap business then I don’t think there is any specific software available. We use MYOB but we found that the finances of a wrapping business do not fit the “normal” mould within MYOB. Another friend who is a wrapper uses Quick Books and has the same problem. The problem is that most of your software entries end up having to be done as “journal” entries and this isn’t an intuitive process for non book keeping types.
Our solution was to hire a MYOB specialist book keeper to get MYOB up and running for us. And we still use her once every couple of months to get the “books” up to date.
I hope this helps.
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
I use QuickBooks for managing my businesses, and I think it’s brilliant. I very rarely use journal entries unless I’ve paid cash for something.
However it took a while to get to that point. It’s a question of breaking down extensively into categories (or accounts as they’re called) – my chart or list of accounts is very long! But once they’re done, it’s very effective to use.
I still use Rick Otton’s cash creator spreadsheets to track my wrap buyer loans.Keep smiling
Felicity
Hi,
In our office we use WAMM from the guys at http://www.darlop.com
Regards,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Similar to Steve we stared using the guys from Darlop as they were only 10 minutes away from our offies.
In the end we have written our programm which appears to be just as good and can be tailored to indivual needs and circumstances.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
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