All Topics / Help Needed! / Keeping Account

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  • Profile photo of PudestconPudestcon
    Member
    @pudestcon
    Join Date: 2005
    Post Count: 64
    December 6, 2005 - 1:16 pm

    G’day ‘Punters’,
    My goal is to buy and hold a number of properties – maybe 6 or 7 depending on value.
    My question is….
    What account keeping software and property tracking software are people using? I figure I would require software for tax purposes as well as to track performance of each property.
    Thank you,
    Pud

    Profile photo of DazzlingDazzling
    Member
    @dazzling
    Join Date: 2005
    Post Count: 1,150
    December 6, 2005 - 4:51 pm

    We’ve used a pen, paper, calculator and ruler to do the job just fine. These highly technical instruments did us fine for the first 4 or 5.

    We then went really high tec and graduated to a computer.

    Excel now does us just fine.

    Profile photo of MTRMTR
    Participant
    @marisa
    Join Date: 2004
    Post Count: 663
    December 7, 2005 - 1:31 am

    Hi Pudestcon
    there is a similar thread regarding this, ie filing paperwork – you may want to do a search.

    I actually use MYOB which is an accounting package, probably overkill, but this package is brilliant. Allows me to keep track of everything.
    I just pass CD to accountant at end of each fin year.
    M

    Profile photo of PudestconPudestcon
    Member
    @pudestcon
    Join Date: 2005
    Post Count: 64
    December 7, 2005 - 12:47 pm

    Thanks Dazzling and Marisa, my ‘Handbrake’ (read wife) here says we’ll go with Dazzling’s idea and follow up with MYOB when or if we need to. Thank you both for your imput.
    Pud

Viewing 4 posts - 1 through 4 (of 4 total)

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