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#21
03-15-2005, 10:26 AM
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Re: how do you keep track of all your accounts?
Current Bank account.
I actually set most of it up in Quicken, and then when they told me that they were stopping supporting Quicken in the UK at the end of the year I switched to MSMoney and imported my Quicken database. 
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#22
03-15-2005, 11:51 AM
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Re: how do you keep track of all your accounts?
Thank you for your reply. I very appreciate it because you are first person I know except myself who use MS Money or Quicken for poker accounting. I was always interested what is other people's approach to do it there.
[ QUOTE ] Current Bank account. [/ QUOTE ] So this likely means that you enter winnings/losses simply as income/expenses. OK, may be you're right - overall net worth will be OK this way. But I don't like the thing that my reports include HUGE amounts of losses by the end of period [img]/images/graemlins/smile.gif[/img] I know that [winnings]+[losses]=[my nice profits] but anyway. I tried to avoid this using Investment account. I made an Investment named like "Party Bankroll", bought 1 and then updated its current value periodically. This way I avoided seeing transactions of win/losses in most reports but implementing cash-outs became real pain - I found some ways like paying dividents/etc but then gived up. Now I use Asset type of account which is actually the same as Current bank account and got used to see poker losses in reports. I update poker accounts balances monthly according to my PT records.
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#24
03-15-2005, 03:53 PM
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Re: how do you keep track of all your accounts?
I love the idea of using Microsoft Money. I have been a Quicken user for many years but Money came free with my PC. By using Money I can keep my poker stuff seperate from Quicken. I've been using Excel but have found my spreadsheet somewhat of a PITA!!
However, I can see the benefit of using Money. Set up an account for each site including Neteller. Your income Categories would be Winnings and another for Bonuses. Your primary expense Category would be Losses. All you would need to do after each session would be to update your balance. A positive figure would be winnings obviously. A negative figure would be losses. Allocate the bonuses as they are earned and you're golden. Transferring to and from Neteller is a snap!! Plus, for those that want to keep it honest and report to the IRS, Money would provide the exact reports you would need as long as you updated your balances after each session. I love this idea and I think I'm going to give it a shot.
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#25
03-15-2005, 08:43 PM
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Re: how do you keep track of all your accounts?
[ QUOTE ]
Your income Categories would be Winnings and another for Bonuses. Your primary expense Category would be Losses. [/ QUOTE ] You may enter negative incomes as well, so name income category as Poker and enter both winnings and losses there as negative or as positive values. But I don't like the idea of updating it daily [img]/images/graemlins/smile.gif[/img] I do it once per month because I use it mainly to know my net worth and to record deposit/withdrawal transactions. All my detailed daily stats are already present at PokerTracker so there is no reason for me to enter them to MS Money. But this is me - you may have your own reasons to do it more frequently.
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#26
03-16-2005, 09:21 AM
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Re: How do you keep track of all your accounts?
[ QUOTE ]
All my detailed daily stats are already present at PokerTracker so there is no reason for me to enter them to MS Money. But this is me - you may have your own reasons to do it more frequently. [/ QUOTE ] I find PT very unreliable. I use it but don't rely a whole lot on the $ figures. I get errors almost every time I import hand histories. The other day I played my first $5-$10 hands and won a few bucks but after importing to PT it showed a loss. Plus not all sites are supported by PT. Then there's the casinos and casino bonuses I do on occassion. I set up all my poker/casino accounts and Neteller on Money last night and so far I think I like it. The reason I will list losses as an expense rather than a negative income figure is for reporting purposes. It makes too much sense to just provide a net figure for tax purposes but the IRS wants to see all of the sessions detailed seperately!! Those bastards!! [img]/images/graemlins/grin.gif[/img] So far I like the idea a lot. In the end it doesn't really tell me anything different than a spreadsheet but I find it a heck of a lot easier to use. [img]/images/graemlins/cool.gif[/img]
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#27
03-16-2005, 09:40 AM
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Re: How do you keep track of all your accounts?
[ QUOTE ]
I find PT very unreliable. I use it but don't rely a whole lot on the $ figures. I get errors almost every time I import hand histories. [/ QUOTE ] Recently I had similar problem with Cryptologic hands. Now there are new patches at PT site to fix the problem - you should try them. (Go through forum because that patch is still not available at main site)
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#28
03-16-2005, 11:56 PM
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Re: how do you keep track of all your accounts?
Excel
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#29
03-17-2005, 01:25 AM
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Re: how do you keep track of all your accounts?
Quicken.
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#30
03-17-2005, 01:30 AM
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Re: how do you keep track of all your accounts?
in the dorkiest of fashions: pocket excell
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