what is the optimal accounting system for an investment company?

Answer 1

The question is hopelessly vague. What do you invest in (accounting for real estate or private equity investments will be very different from accounting in publicly traded securities)? Do you need the accounting system for clients' accounts (portfolio accounting) or for the firm itself (practice management)?

Answer 2

Investment company is no different from other companies except that they don't manufacture. Still they have revenues and expenses. So they should have along with a Journal , revenue and expense ledgers. An overhead ledger might help in separating out ovehead expenses.
You can maitain an Investment schedule in place of a Sales ledger in manufacturing , Liability schedule for financing investment and a depreciation schdule if the Office space is owned. If rented not required. One caveat is if you want to monitor the investment on a timely basis then investment schedule can be created like a sales control account in manufacturing.
Then the should mainatain a Payroll account depending on the different types of employees in the company, permanent employees, partimers, executives, performance compensation field etc;

Answer 3

Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.

I am sure that you can get your answers in this website.

http://investing.sitesled.com/

Good Luck and Best Wishes!

Answer 4

the one enron used