Personal tax / investment software

Discussion in 'Accounting & Tax' started by Foxdan, 17th Dec, 2015.

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  1. Foxdan

    Foxdan Well-Known Member

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    I use xero for business and it makes sense to have a similar product with live bank feeds for personal usage to make tax time a lot easier for investors.

    Does anyone use anything at the moment that they recommend?
    Xero personal is being phased out and other products on the market seem to be geared at people who just want to create household basic budgets, not generate reports for tax time.
     
    Foxdan, 17th Dec, 2015
    #1
  2. Excalibur1

    Excalibur1 Well-Known Member

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    I'm currently looking into Xero and Myob for business only. For investing I keep everything in excel. for backups I have separate folders for each property on google drive.
     
    Excalibur1, 18th Dec, 2015
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  3. 380

    380 Well-Known Member

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    380, 18th Dec, 2015
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  4. Andrew H

    Andrew H Well-Known Member

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    i use xero for my personal expences / properties, same as you do for your business @Foxdan. don't know what 'Xero peronsal' is. Why can't you do it, just like your business? i utilise 'funds catagories' which seperates properties from personal
     
    Andrew H, 18th Dec, 2015
    #4
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  5. Foxdan

    Foxdan Well-Known Member

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    Has anyone used moneysoft.com pocketsmith.com or myprosperity.com?

    All have live bank feeds for itemizing each transaction easily.
     
    Foxdan, 18th Dec, 2015
    #5
  6. Foxdan

    Foxdan Well-Known Member

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    @Andrew H - which version of xero do you use? Do u just set up all the rules in the back end to be appropriate for property investment?
     
    Foxdan, 18th Dec, 2015
    #6
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    I use: "Bookkeeper 2.30" which is able to communicate with "Accountant v1.2" & "Auditor 2014".

    Most importantly they all interface with "ATO - 2015/16" & "SRO".
     
    Scott No Mates, 18th Dec, 2015
    #7
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