Accounting and Bookkeeping

Sharad has run his wholesale and flipping businesses entirely in REsimpli for about five years without QuickBooks, and many investors do the same. Additional reports were added for 6.0, developed with input from a CPA. (Day 2 Webinar, Sept 9)

No. REsimpli tracks more detail than QuickBooks supports — transactions can be attached to a specific marketing campaign and to a specific property, which QuickBooks cannot represent. (Day 2 Webinar, Sept 9)

Yes. With the 6.0 update you can view books for each company separately and at a consolidated level. (Day 2 Webinar, Sept 9)

Yes. Multiple bank accounts within one business are supported, along with rules, tags, and bulk transaction updating. (Day 4 Webinar, Sept 11)

Yes, as a paid add-on, available through the store in your account. (Day 2 Webinar, Sept 9)

Yes. Bank connections go through Plaid, so your bank username and password never pass through REsimpli. (Day 2 and Day 4 Webinars)

Yes. Search transactions and bulk update the vendor, category, or tags in one action. (Day 4 Webinar, Sept 11)

Yes. In banking you can attach a transaction — for example direct mail spend — to a specific campaign and to a specific property. This level of detail is why QuickBooks cannot be linked. (Day 2 Webinar, Sept 9)

No. This is not available. The workaround is to pull a vendor report showing vendor name and amount, and use a third-party service to issue them. (Day 4 Webinar, Sept 11)