Another way to integrate REMA with your bookkeeping/accounting software

  • RedDeerWilliam

    Status: Forum Member

    Posts: 54
    Joined: 30 Aug 2007
    From: Red Deer

    I got to talking with my accountant here in Red Deer the other day. He is very comfortable and adept at using the newer ways of doing one's accounting and bookkeeping using today's high-tech tools.

    He indicated to me that rather than tryinig to find a way to upload information from REMA to Quickbooks (or any other major accounting software like Simply Accounting), it would be easier, wiser and more efficient if you went the other way.

    In other words instead of uploading information up to your accounting software from REMA, you'd download the "necessary" information you've already have in your accounting software into REMA!

    Many of these programs already have ability to export much of it's information. We'd just need REMA to find a way to accept these exported files.

    Thoughts? Comments? Ideas? Further suggestions?
    William Ladic

    . .* Red Deer REIN Member

    . .* Chairman of Red Deer REASN (Real Estate Action Support Network)

    . .* Central Alberta Rental Charts
    ...... . (Red Deer, Blackfalds, Sylvan Lake & Lacombe)


    Specializing in Support Services

  • mandmholdings

    Status: Forum Member

    Posts: 42
    Joined: 11 Nov 2007
    From:

    I think that is a great idea. I like the fact that REMA can be used for a "projected budget" as I have found it valuable for using for investors; however, I would like it to be completley accurate for reporting purposes for my investors, as well as for my analysis. In my books enabling it in some way to allow for ease of bookkeeping/accounting would make life easier.


    QUOTE (RedDeerWilliam @ Mar 16 2008, 07:48 PM)
    I got to talking with my accountant here in Red Deer the other day. He is very comfortable and adept at using the newer ways of doing one's accounting and bookkeeping using today's high-tech tools.

    He indicated to me that rather than tryinig to find a way to upload information from REMA to Quickbooks (or any other major accounting software like Simply Accounting), it would be easier, wiser and more efficient if you went the other way.

    In other words instead of uploading information up to your accounting software from REMA, you'd download the "necessary" information you've already have in your accounting software into REMA!

    Many of these programs already have ability to export much of it's information. We'd just need REMA to find a way to accept these exported files.

    Thoughts? Comments? Ideas? Further suggestions?
  • richardkp

    Status: REIN™ Member

    Posts: 168
    Joined: 1 Sep 2007
    From: Halifax, Nova Scotia

    I am all for this as well. I am trialling REMA now and just using it for the property analyzer part which is great. I use Quickbooks for the 1 property I own and although you can use categorys for your properties I would love to get the accounting function into one place to save the duplication and also maintaining 2 systems. Not very time efficient.
    I am an accountant so the thought of paying someone else to do my books is alien at the moment. I am sure this will change as I get more properties.
    I like the idea of giving the details to the accountant from just one system and not worrying that they might not tie into the other system.
    How does this progress forwards?
    Rich

    warm regards,
    Rich

    Realtor® Keller Williams Realty

    Invicta Property Investments
    Your Halifax real estate investment authority

    (902) 489-1804

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  • GarthChapman

    Status: REIN™ Member

    Posts: 1,835
    Joined: 31 Aug 2007
    From:

    QUOTE (richardkp @ Apr 23 2009, 06:04 PM)
    I am all for this as well. I am trialling REMA now and just using it for the property analyzer part which is great. I use Quickbooks for the 1 property I own and although you can use categorys for your properties I would love to get the accounting function into one place to save the duplication and also maintaining 2 systems. Not very time efficient.
    I am an accountant so the thought of paying someone else to do my books is alien at the moment. I am sure this will change as I get more properties.
    I like the idea of giving the details to the accountant from just one system and not worrying that they might not tie into the other system.
    How does this progress forwards?
    Rich


    You can choose to record all your actual income and expenses in REMA by overwriting the projected figures each month.
     Garth 
     Diamond REIN member  and Advisory Board Member
      with 3 top-10 awards. 2 Michael Millenaar Leadership Award
    s
     Mortgage Advisor  Residential, Multi-family, Commercial
      Garth's webpage at Jencor Mortgage      email garth@jencormortgage.com

     
    REMA co-creator 
      Real Estate Management & Analysis Software      
    email garth@remacanada.ca
     
                  
  • ChrisDavies

    Status: REIN™ Member

    Posts: 1,205
    Joined: 19 Feb 2008
    From: Edmonton

    QUOTE (GarthChapman @ Apr 23 2009, 06:36 PM)
    You can choose to record all your actual income and expenses in REMA by overwriting the projected figures each month.


    Can we automate that process? Dump a CSV file into REMA? Intuit products are pretty good to adhering to a standard data format.

    Chris Davies, REALTOR® 
    RE/MAX Real Estate (Edmonton Central)
    Cell: 780-905-7562 Office: 780-488-4000
    Edmonton's Best Free MLS ® Search
    You should follow me on Twitter here and check out my blog here

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