Product Release Notes
RELEASED - July 2022
Investor's Accountant 11.0
Investor's Accountant is back,
due to popular demand! All registered license-holders of any version of
Investor's Accountant or Portfolio Analyzer can upgrade to Investor's
Accountant 11 with full data compatibility*.
in Investor's Accountant 11...
currency-related features are removed. Tracking exchange rates, converting
between currencies, and reporting valuations in multiple currencies is no longer
supported. These features became obsolete many years ago when our third-party
exchange rate source (Oanda) became a subscription-based service.
import features are removed (these were very limited and are no longer supported
New or improved features:
- Much faster price downloads. Historical prices are now stored
within the database rather than the individual HSI files, and full history
downloads take a few seconds per security or benchmark.
- Prettier graphs and displays. The program now leaves reports and graphs displayed so you can
compare them side by side. A "Clear All" button on the main display lets you dismiss all reports.
- Modifed IRR (MIRR). MIRR is used primarily in capital budgeting to identify the
profitability of a potential investment (such as a real estate project) but can also be used for structured investment product analysis.
For most products, the advertised return includes the assumption any cash dividends are reinvested in the portfolio or product. What if
you don't want to reinvest dividends, but need them as income when paid? Are they paid
out or are left in cash? What is the assumed return on the cash? These assumptions are particularly important for evaluating instruments
like whole life insurance policies and annuities, where the cash flows can become complex. MIRR allows you to set different rates for reinvestment
and cost-of-borrowing, and also calculates Net Present Value (NPV).
- Portfolio Time-weighted ROR (TWRR) now allows the Aggregate method
for composites containing portfolios with different start dates.
Simplifies GIPS reporting.
- Least Squares ROR on reports or graphs for portfolios, composites, and benchmarks. Least Squares ROR finds a rate of
return that best fits all RORs between all balances within the report period. It varies less between different periods than a rate of return
simply calculated between two endpoints, and thus may be a more reliable indication of expected performance over time.
- Timed Benchmarks allow you to create benchmarks that actually change with time. Portfolio strategies often change with market conditions,
which means it may be appropriate to benchmark your portfolios differently in different years. Rather than create multiple benchmarks to use for
different time periods, you can create a single benchmark with a different definition over each period, showing how portfolios met your strategy
objectives over many years on a single chart. Both blended and timed benchmarks can be created containing other blended or timed benchmarks.
- Password-protect your data. Your databases can now be optionally password-protected.
- The Site Map is easier to use, to let you navigate the many features of Investor's Accountant on a visual chart rather than through the menus.
- Several corrections to errors in previous versions.