Can anyone suggest a software package that one can use to track OPM (other people's money) in an LLC that trades it for clients. I've looked at accounting softwares and come up short on many fronts. QuickBooks, Peachtree are limited. Any advice would be greatly appreciated. Cheers
Zarrar, I tried some shareware once which was intended for investment clubs (normally setup like a general partnership). It is called Valuation Accountant.. see http://www.cnotc.com/ I seem to remember it keeping track of individual's contribution and allocated gains based on % ownership etc. Hope that helps, Steve
These guys have a very cost effective Hedge Fund accounting management package. They are traders themselves so they set out to build a package filed with features that they wanted but couldn't find in the open market without paying Price or KPMG an arm and a leg. One of the nice features (among many) of it is that you can interface with the back-office of most Prime Broker's to pull all of your runs directly and eliminate all that manual data entry. http://www.keystone-intl.com/archway_home.htm Regards, Dr. Zhivodka