Can the Trade Log record several trading accounts then consolidate one summary for tax purposes. Can this be in Australian tax as well?
One of the things that plagues us as well is trying to compile the statements from multiple brokerage houses at the end of our tax year. It is painful beyond belief, isn’t it!?! Particularly because each has their own style of reporting. We’ve had tax years trying to deal with up to five brokers, each different. Needless to say – we put it off to the last minute whenever possible. So we have created a solution in The Trade Log, which is the companion piece that will be part of The Calculator. You receive both tools together as a package, though they are independent applications. At the end of any period – day, week, month or year, you can run a summary report and view all your accounts combined together, so you can get a picture of how your overall trading is going, or by brokerage house. And even running each broker separately, as you would do at tax time, you will be generating one standard style of report, so you and your accountant do not need to spend time figuring each format out
