Jayesh (Proprietor) (141 Points)
28 July 2013What is a good software for maintaining personal accounts (bank, cash and investments)? The main thing is that I want to be able to print FY Income Statements and Balance Sheets which I can use for my tax returns. I am not an accountant and am currently using a foreign personal finance software which does not provide this feature.
Thanks.
Manish Kumar Sharma
(Article)
(103 Points)
Replied 29 July 2013
Before using any software you should make a cost benefit analysis,
I mean to say that, if you do not have enormous transactions, then you should not invest in any software, because most of the software needs yearly upgradation means a cost, rather you should hire someone on retainer ship basic, who will do accounting for you give you the prints of B/S and Income statement and will also file your return and will able to give you any other advice if needed.
CAclubindia
