Simply Track Overview

Watch the below 2 minute quick video tutorial to get started with Simply Track Import.

Simply Track , simplifies portfolio tracking and IRS Schedule D generation.

To get started using Simply Track with minimal setup, please follow these steps

  • Sign up and creating user
  • Setup a New Account
  • Import Your Trade
  • Fix Your Data issues
  • Run Reports
  • Print Schedule D-1 Report for efiling or Export to Other Tax Software
Sign up and creating user

You must create user and password to securely login and use the Simply Track. To create new user click on login button in top right corner and then click on Create an account as show below create user

Once you click the Create an account , you will be shown windows like this. Go ahead and fill the information to Sign up new user.

create user

After creation of new user , you can login to Simply Track Application.

Setting up account

Once you login for the first time, simply tack automatically creates a default account for you. You can use the default account or, click on new account button to set up a new account as shown below. In the below screen, selecting the broker is an optional.

create acct

Simply track account holds all your trades. You can have as many accounts as you like. We recommend setting up one account for each broker you trade with. For example if you have trading accounts with Fidelity and E-trade then you will create two accounts in Simply Track with the names fidelity & E-trade so that you can easily reconcile them back to your online broker.

Importing

Watch the below 2 minute quick video tutorial to get started with Simply Track Import.

There are two ways to import trades into simply track:

  • Directly downloading from your broker.
  • Importing trades from a csv/Excel files

We recommend importing using csv/Excel files, as many online brokers change their servers frequently. Note that direct download may not work all the time.

create acct

Direct Download – Only a select few brokers are supported. At this time, we are working on adding more brokers for direct download.

Importing from files

Simply Track can easily import any csv file, irrespective of the broker you trade with. We recommend using the Simply Track format to import the trades. While importing, you will get an option to map your columns in the CSV/Excel files with Simply Track as shown below. If you accurately map your columns, you will not run into any issues during the import stage.

create acct


On successful import, a review page is displayed as shown below. You can either accept these trades by clicking the “show trades” button or click on “import” again to repeat the process. create acct

Import trades using Simply Track Format

Simply Track follows following format. If you set up your trades as shown below, then you easily import your trades into Simply Trackcreate acct

Check out this document for instructions on how you can import trades using Simply Track format.

Trades tab:

In this window you can

  • add a new trade,
  • edit a trade,
  • remove a trade, and
  • you can export a trade into an Excel/CSV file.
  • You can also filter the trade by Symbol, Account, Options, or Stocks.

Simply Track can support up to 50,000 trades. It can load these trades extremely fast and you can work with these trades efficiently. You can add Stocks or Options by clicking “Add Trades” as shown below. create acct

After reviewing your trades, you can move on to Reconcile tab.

Reconcile tab:

In the Reconcile window, you can analyze your accounts and list alerts that require your attention. It identifies trades that do not match during the trade matching process. For example, if it finds a sell trade without a corresponding buy trade, it will flag the trade as an error. Such trades can be added to your account as shown below.

create acct

After reviewing your trades, you can move on to Reports tab and run your Tax reports..

Reports tab:

Simply Track provides following report categories

  • Realized Gain/Loss
  • UnRealized Gain/Loss
  • Wash Sale Report
  • Wash Sale Analysis
  • Tax Reports

Realized Gain/Loss

Realized Gain/Loss This report produced realized gains and losses as shown below . you can filter the trades my account , you can combine all your accounts to review the consolidated realized gains by select “All” in the filter. You can also filter this report by Tax year. This report also combines gains and losses by ticker symbol. create acct

Unrealized Gain/Loss

Realized Gain/Loss This report produced realized gains and losses as shown below . you can filter the trades my account , you can combine all your accounts to review the consolidated realized gains by select “All” in the filter. You can also filter this report by Tax year. This report also combines gains and losses by ticker symbol. create acct