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Effective 07/01/06, GST/HST be reduced by 1%. Realty Management System version 06.05.01 will automatically revise the tax rates in your tax setup option (E.1.2). It will also re-calculate the tax rate for your pending deals with a closing date on or after 07/01/06. Please remember that the letter you send out when a deal firms up is a reminder |
| that commissions will be invoiced on the date of closing. It is not an invoice, therefore the GST is not calculated until the deal closes. There is a lot of misguided information floating around about the tax change relative to real estate sales and most of it is missing the point that your office is charging tax on commissions, not on the sale of the property itself. This is similar to 1991 when GST first came into existence. You can print re-calculated trade records for deals closing on or after 07/01/06 in menu option 2.T. Advance Tracker version 06.05.01 has updated the tax rate in E.2 as well. | |
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Error Message Resolutions - If you are on version 06.04.07 or higher and receive an error message, you will now be prompted with suggestions to resolve the error, ie. if you get a DLL error, you can click on a link to download updated DLL files on your workstation. If you are e-mailing or faxing an error to support, please indicate what steps you have already attempted so we can serve you better. CPA Compliancy - The Canadian Payment Association will be implementing mandatory standard cheque formats in December 2006. Lone Wolf implemented these revisions in November 2005. We added the option to select new date formats for printed cheques. You can select from the following date formats: MMDDYYYY, DDMMYYYY or YYYYMMDD. We also added an option to print the dollar sign ($) on cheques. To setup your CPA compliant cheque formats navigate to the Edit Cheque Formats option (I.C), and edit the Date Format field. |
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Upcoming Training Sessions Realty Management System Essentials - Would you like to expand on your Realty Management skills? We currently have three Administrator Training Days scheduled. Our one day session includes a full program overview as well as focusing on reports for managing agents, tracking profitability, projecting income, month end procedures and more! For more information, please email training@lwolf.com or call 1-866-CRY-WOLF and ask for the Training Manager. Thursday June 15, 2006 - Los Angeles Wednesday, June 21, 2006 - Toronto Proposed for July, 2006 - New Jersey |
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Lone Wolf Real Estate Technologies Internet Services Division offers two web-based solutions:
Reap the benefits these solutions offer...plus they can provide integrated MLS data into your Lone Wolf Accounting Program and much more. The Wolf EX product is our latest web-based software solution, Wolf EX is an internal password-protected extranet solution for your entire office. It's an excellent internal communication tool for owners, brokers, agents and staff. Wolf EX can integrate MLS data into your accounting program as well - eliminating manual entry of listing data. Global Wolf Web site / Extranet Solution you get all of the features, benefits and power of Wolf EX, plus a public web site, integrated lead generation, listing enhancement tools, and agent web site tools and much more. To schedule an online demo please contact sales@lwolf.com or 866-279-9653.
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Call 1-866-CRY-WOLF for more information - Visit our web site at www.lwolf.com