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Lessons on using Quicken® software
Learn in the comfort of your office or boardroom.
Call Eileen to book lessons for you and your staff.
It could be the best investment you make this year. Accounting for your investment portfolio's could save you and your clients money and time.
Having reports that reconcile fair market value and adjusted cost base can be very useful for planning and reporting, not only for estates, but corporate portfolios too.
See the story below:
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Link to my -Book Laying Track and a Case Study involving the estate of a mother with two adult sons
(Passworded) This eBook and Case study are usually reserved for a one hour consultation on how to account for investments using Quicken® software
Contact eileen@taxdetective.ca to arrange for an online consultation via GoToMeeting
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Learn to use Quicken® software to track and manage your money and your portfolio of investments.
Testimonial:
"The ever changing CICA Handbook and CRA’s quite often different approach had done it again. Another challenge at hand. I was in need of an accounting tool, already in use and proven to be effective. What was out there! What a migraine it caused just thinking about the complex spreadsheet that I might have to create and maintain. The cause of this looming headache? The Section 3855, Financial Instruments requirements for a non-publicly accountable business to report marketable securities at fair market value and the tax effects.
To the rescue, Eileen Reppenhagen, CGA, TaxDetective. The software? QUICKEN was recommended by Eileen, as a tool that eliminates complex spreadsheets, makes efficient and easy the maintaining at cost records, reporting at fair market value and reconciling with tax reporting for each of the multitude of transactions in investment portfolios.
Eileen’s knowledge of Section 3855, guidance in the correct set up of the software and excellent teaching skills brought my staff up to speed very quickly. Two years of detail to a current status within a short time period. We are now ready for the effective date of tax change reporting October 2007. Current year end independent tax filing has been completed with the Quicken reports as part of the reconciling and working papers provided.
Eileen will always be a professional that comes to mind for innovative advice, support and service."
Susan Haines, CGA, Vancouver, BC Controller, Manufacturing July 2007
Who else could use Quicken® software?
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Young adults contemplating college, their first apartment or shared housing
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Young couples starting out and working towards saving for their first home, or once they buy their first home for keeping track of expenses and to control their spending
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Unhappily married and contemplating separation or divorce
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Happily single, manage money and rebuild financial life
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Investors who enjoy managing their portfolio with reports that brokers will never give you comparing ACB and FMV
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Accountants who do investment accounting for clients
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Executors required to keep track all of the transactions and report to beneficiaries about their management of the estate and how much will be available for distribution.
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Seniors, your executor may have to hire an accountant to do all this work when you are gone. Why not start your end of life record keeping now and save your executor much grief when you are gone. Hopefully, your executor will thank you for saving them hours, days, weeks of figuring out what you did with your documents and your calculations... and did I mention the cost of the accountant to prepare those calculations.
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Articles published in Canadian MoneySaver by Eileen Reppenhagen, CGA:
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"I frequently murmer to myself "now THAT was worth the price of the subscription!" as I read each new issue of MoneySaver. Most recently it was because of Eileen Reppenhagen's "Bumping Up and Bumping Down" article.
I was sitting at my desk, staring at T3 Forms for TSX iShares Gold and Energy funds, wondering "what the heck are these, and what do I do with them?" Befuddled, I took a break and while sipping my coffee, flipped through the Nov/Dec 06 copy of the magazine. There was the explanation AND the guidance on how to adjust the cost base for the ETFs, using my Quicken software. Once again I gratefully murmered "now THAT was worth the price of the subscription!
Thanks to Canadian MoneySaver and to Eileen." -- R.W.
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Eileen Reppenhagen, CGA, ACG, Certified QuickBooks ProAdvisor, and Honorary Member of the Institute of Professional Bookkeepers of Canada, writes and speaks about accounting and tax. She is a regular contributor to Canadian MoneySaver, The TaxLetter and Intuit Canada’s Advisor Advantage.
Did you know that using Quicken® software to calculate your parent's capital losses might increase the size of your inheritance?
Seniors may not be claiming their full entitlement to GIS, paying too much for their care or nursing home and paying excessive provincial medical premiums because their net income has been overstated.
Why? They haven't reported their capital losses to offset the capital gains from their T3 slip allocations on mutual funds in the year!
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