Rhododendron Software Releases FolioCalc 1.1 for Mac OS X

Portland, OR    Apr 11, 2008 in Financial

[prMac.com] Portland, Oregon, USA - Rhododendron Software announces the release of version 1.1 of FolioCalc, an investment portfolio manager and performance tracker for Mac OS X 10.4 and 10.5.

Portfolio Management:
Three investment types are currently supported: stock investments, interest-bearing accounts, and cash (treated as a zero-return investment). Transaction data can either be manually entered or imported from QIF or CSV files downloaded from several popular online brokers including Ameritrade, Fidelity, and more. FolioCalc can also be used as a virtual trading tool by simply entering fictional transactions. Stock splits are also supported as a transaction type.

Stock investment records corresponding to tax lots are automatically generated or closed based on the transaction data using First In First Out (FIFO), the primary tax lot accounting strategy expected by the IRS. Interest-bearing account records are generated with the first transaction and stay open until an associated close transaction is entered.

Performance Tracking:
FolioCalc automatically receives current share price data from the internet at configurable time intervals for all associated stocks, with all financial quantities dependent on share price automatically updating periodically.

Any combination of over 20 financial quantities can be displayed for each investment including cost basis, closed value, and capital gains (needed on tax forms), annual returns, pre and post-tax values, and many more. Many of these financial quantities will also be displayed for the totals of the investments in a non-scrolling totals row always visible at the bottom of the investment table.

The Investment list can also be filtered with various queries to display a subset of investments matching the filter criteria and with the totals row reflecting just that subset. For example, filtering on short or long stock investments closed in the previous year will yield a list of stock investments and totals containing the quantities needed to fill out Schedule-D of the US tax forms (although wash sales and other unusual tax situations may require special treatment before filling out the forms).

For a more complete feature list and screenshots see the FolioCalc product page of the RhodoSoft website.

The 1.1 version adds:
* Moderate GUI makeover
* Duplicate transaction detection
* Schwab CSV import support
* E*TRADE CSV import support
* Scottrade QIF import fixed
* ShareBuilder QIF import support
* Import progress indicator
* Added many more date range filter presets
* Investment type filter now has non-cash option
* Investment filter settings now saved to preferences
* Can turn off automatic cash transfers in preferences
* Descriptive undo and redo menu items
* Various usability improvements
* Many more minor features and bug fixes

Minimum Requirements:
* Mac OS X 10.4 (Tiger) or 10.5 (Leopard)
* PowerPC or Intel processor (universal binary)
* Internet access for current share price updates to work.

Pricing and Availability:
FolioCalc is $19.95 USD, and available as a free download from the RhodoSoft website. It will initially run in trial mode, with all features active except for save. Once purchased, entering the activation key enables the save feature. This is a free update for registered FolioCalc users.

Rhododendron Software LLC (or just RhodoSoft for short) is a small startup located in Portland, Oregon. RhodoSoft is focused on developing elegant Mac OS X apps that work in an intuitive way, leveraging computing power to reduce the toil and unnecessary complexity of everyday life. RhodoSoft's first product is FolioCalc, an investment portfolio manager and performance tracker. Other potential products are currently in the early design stages.

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Carl Sheppard
Founder and Software Architect

Tags: portfolio tracking, portfolio tracker, investment