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Dr Slurm
General Commodities
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Posted - 2007.08.03 01:29:00 -
[1]
I'm wondering if anyone has come up with interesting divisional wallet uses?
I'm a one man corp myself. I mainly just buy and sell. I'm considering creating a buy wallet and sell wallet. I'm not sure if there would be any advantage of this.
Anyone got any ideas?
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Kenneth Brackhaven
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Posted - 2007.08.03 01:54:00 -
[2]
I myself do nothing but trading on this character. I'm in a 1-man corp, I work multiple regions on a daily basis and I have set up my wallet divisions to reflect what regions I'm dealing with. That way it's faster for me to pinpoint and adjust for any fluctuations in a particular market.
I also find it easier to see which regions are generally more profitable in a given week. No real hard number crunching, just an ability to eyeball it without sifting through a few dozen pages of transactions.
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Dr Slurm
General Commodities
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Posted - 2007.08.03 02:05:00 -
[3]
I was considering that. Just not sure what else it would provide then separate budgets for each region.
I also don't want to just go with something and spend the next month undoing it or even worse cancel the orders.
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Nyphur
Pillowsoft
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Posted - 2007.08.03 06:49:00 -
[4]
Out wallet #7 is a corp fund that we throw spare isk into. We use it for collaborative things, so our current goal is 1b for alliance-creation.
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Kayleigh Snow
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Posted - 2007.08.03 07:55:00 -
[5]
I'm the "financial" person for my Corp, and we have the wallet set up as follows:
1 - Master Wallet (petty cash) 2 - Trade 3 - POS Fuel 4 - POS Backup 5 - Blueprint Fund 6 - Mineral Fund 7 - no use at the moment
The problem is if you use one wallet for Buy and One for sell, you will continually have to switch what wallet is active, and I am guessing you will get mixed up a few times, and have sell orders going into your Buy wallet etc.
I like the idea of wallets for different regions but as my Corp only deals with one regoin, this isn't really an option for us at present. |
Dr Slurm
General Commodities
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Posted - 2007.08.07 21:50:00 -
[6]
I ended up going with my master wallet being my sell wallet, and the second wallet is the buy wallet.
This seems to be working out well. Its easier to track how much is being spent on broker buy fees vs broker sell fees and taxes.
Downside I shuffle isk from wallet to the other once a day or more.
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Ramblin Man
Empyreum
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Posted - 2007.08.08 04:52:00 -
[7]
The best use for divisional wallets generally, imo, is to bound a section of your business that has both income and expenses. It's like accounting made insanely simpler and easier.
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Dr Slurm
General Commodities
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Posted - 2007.08.08 04:56:00 -
[8]
Well I only have one type of business, buy and sell. I provide a service to those too impatient to use buy/sell orders.
I'll post again in a month or so how its going.
In the end I already get the feeling I'm just going to go back to one wallet.
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Shadarle
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Posted - 2007.08.08 06:18:00 -
[9]
You can use a division to store excess ISK so you don't accidentally type a few extra zeros and lose 100 billion isk. I'll shoot myself if I do that yet again... it will start denting my bottom line!
You get the idea.
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Invisible Hand
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Posted - 2007.08.08 06:58:00 -
[10]
Interesting uses, huh?
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Alvara
Kuiper Belt Industries Empire Research
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Posted - 2007.08.08 21:27:00 -
[11]
I'd prefer to be able to bind POS fees to one wallet. Sell orders to another. etc. and not have to change what wallet I am using all the time.
As is, I still just use the main wallet for everything.
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