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Learn
to use Quicken
software to
track and
manage your
client's 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?
- Young
adults
contemplating
college,
their
first
apartment
or
shared
housing
- 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
- Unhappily
married
and
contemplating separation
or
divorce
- Happily
single,
manage
money
and
rebuild financial
life
- Investors
who
enjoy
managing their
portfolio with
reports
that
brokers
will
never
give you
comparing
ACB and
FMV
- Accountants who
do investment
accounting for clients
- 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.
- 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 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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