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you ask a lot of questions in the funnel that if I knew the answer to, I would likely have an accounting degree and certainly not need this software.
by whydoineedthis 5y ago
you ask a lot of questions in the funnel that if I knew the answer to, I would likely have an accounting degree and certainly not need this software.
- scubakid 5y agousername checks out :D It's true though, making a detailed plan requires detailed inputs. Are there any specific areas in the funnel that you would recommend cutting out or altering?
- whydoineedthis 5y agoas others have noted, the house stuff is wrong. - compound interest should be the default. - when asked rent and house expenses as a percentage, is it a percentage of initial cost? current value? future value? It doesn't really make sense as a percentage. I don't charge a tenant X% of my cost, I charge market rate which may be more, or less than my actual expenses. - same for taxes. it's a nearly fixed amount that increases over time, but trying to do it as a % calculation of actual dollars is often incorrect because that's not how it's calculated in real life.
- scubakid 5y agogood points. sounds like there need to be some controls added where you choose how you'd like to specify those values.