Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 193.23

-2.9%

3:59 PM EST

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To: Donna Carey who wrote (1896)	12/13/1998 12:06:00 PM
From: BarbaraT	Read Replies (1) of 56532

Donna ... I am much like you with the bookkeeping. I enter everything in a book. But I go one step further - I bought Microsoft Money and it has been a great help. Keeps my balances current. It has all my different accounts - and whenever I buy/sell I enter the trade and can see how much cash available (or not) in each account. In this way, should I forget to post something in the book I have it on the computer. And after each transaction I switch to "money" and enter the transaction. So it is always there. Also helps me with tax time, should a problem occur. However, insofar as taxes are concerned. At the end of each day, anytime I sold a stock I look up the entry for the purchase and add it to a list so that when tax time comes, I have a chronoligical list for the accountant and have my gains/losses all figured out and written up. Saves a lot of time and prevents a lot of errors.

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