An investment club accounting and bookkeeping package for managing stock and other security portfolios owned by the club. Valuation Accountant is Internet Aware in that it can update portfolio prices directly from the Internet. Also, asubset of the reports can be sent as e-mail messages. The program produces a number of reports, including price history graphs, member payoff letters, and valuation statements. Upon closing an investment year, it generates a tax report that can be used to easily fill out a 1065 or 1120-S along with their adjoining K-1 forms.