May, 2012 5:01 AM
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Portfolio Management Software
Portfolio management software lets you monitor your portfolio and prepare reports for your accountant come tax time.
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Portfolio Management software can be a huge help at tax time. It’s a far cry from a shoebox, or the top drawer and can quell those troubling thoughts in the middle of the night: How much brokerage have I forked out this year? What on earth did I sell those Telstra warrants for back in March? Where are my CBA dividend receipts?
Advanced portfolio management software will manage just about anything, from bonus and rights issues on shares, to reporting on trusts and foreign investment income such.
If you intend to buy charting software as well, remember to enquire as to whether your preferred portfolio management software is compatible with the respective charting package because if so, you will be able to download prices from your charting package and insert them into your portfolio.
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