Accounting Software

Discussion in 'Trading Software' started by Greenfuji, Aug 30, 2005.

  1. 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).
  2. 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 :)
  3. Catoosa


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


  5. 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.
  6. ellokn



  7. Use their gainskeeper service. It worked for one of my accounts. You can export into xls and quicken(i think).
  8. #10     Sep 17, 2005