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  1. #1
    Junior Member
    Join Date
    Jun 2015
    Posts
    19

    Default Bookkeeping for a bookkeeping novice - advice please

    Hello all,

    I've been reading this forum for a while and this is my first post. I have a number of small holdings and at present my accounting procedures are limited to filing dividend statements in a concertina file. I would like to improve this side of my investment activity but have essentially no knowledge of accounting, tax, bookkeeping etc. Would any of you perhaps have some advice for how to build my skills in this area? I've considered doing some community education accounting classes or similar.

    Anyway, it's nice to be on the board post-wise.

    Cheers,
    Rob

  2. #2
    Advanced Member BIRMANBOY's Avatar
    Join Date
    May 2011
    Location
    Wellington
    Posts
    1,556

    Default

    if you ask questions about investing you will probably receive lots of comments and suggestions. Asking about accounting issues maybe misdirected since not many posters are qualified accountants. Your considered options sound like one place to start but to bypass all of that, you may well consider spending a little and consulting a chartered accountant for an hour or so of time to get your systems set to a standard so you will be able to at least present a cohesive and pertinent record to your tax specialist at the end of the year. Best of luck.
    Quote Originally Posted by hey_homes View Post
    Hello all,

    I've been reading this forum for a while and this is my first post. I have a number of small holdings and at present my accounting procedures are limited to filing dividend statements in a concertina file. I would like to improve this side of my investment activity but have essentially no knowledge of accounting, tax, bookkeeping etc. Would any of you perhaps have some advice for how to build my skills in this area? I've considered doing some community education accounting classes or similar.

    Anyway, it's nice to be on the board post-wise.

    Cheers,
    Rob
    www.dividendyield.co.nz
    Conservative Investing and dividend producers...get rich slowly!
    https://www.facebook.com/dividendyieldnz

  3. #3
    Junior Member
    Join Date
    Jun 2015
    Posts
    19

    Default

    Quote Originally Posted by BIRMANBOY View Post
    if you ask questions about investing you will probably receive lots of comments and suggestions. Asking about accounting issues maybe misdirected since not many posters are qualified accountants. Your considered options sound like one place to start but to bypass all of that, you may well consider spending a little and consulting a chartered accountant for an hour or so of time to get your systems set to a standard so you will be able to at least present a cohesive and pertinent record to your tax specialist at the end of the year. Best of luck.
    That sounds like good advice, cheers.

  4. #4
    Member
    Join Date
    Feb 2015
    Posts
    37

    Default

    If you are looking for specific bookkeeping skills:
    http://www.nzbookkeepers.co.nz/about-us/education

  5. #5
    Guru
    Join Date
    Nov 2013
    Posts
    3,025

    Default

    If you are are looking for an easy way to track all your information, I can highly recommend sharesight - www.sharesight.com. It will collect all the information you need and if you do decide to go to an accountant will make for a very easy conversation.

  6. #6
    Membaa
    Join Date
    Nov 2004
    Location
    Paradise
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    5,292

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    Quote Originally Posted by Harvey Specter View Post
    If you are are looking for an easy way to track all your information, I can highly recommend sharesight - www.sharesight.com. It will collect all the information you need and if you do decide to go to an accountant will make for a very easy conversation.
    I agree, Sharesight is a terrific service, looks after multiple portfolios, auto uploads contracts and end-of-day data, has heaps of useful reports including the ones your accountant needs.

  7. #7
    -aholic
    Join Date
    Apr 2016
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    in the cloud
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    80

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    Quote Originally Posted by Harvey Specter View Post
    If you are are looking for an easy way to track all your information, I can highly recommend sharesight - www.sharesight.com. It will collect all the information you need and if you do decide to go to an accountant will make for a very easy conversation.
    This is amazing!!!!! Im doing all that manually daily!! thanks heaps Harvey

  8. #8
    Junior Member
    Join Date
    Jun 2015
    Posts
    19

    Default

    Long overdue update: I am now using Sharesight and it is excellent. Thanks very much, Harvey.

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