MORTGAGE
and other P&I amortizing loans with deferred fees
Simply paste your file to the software for
Effective Interest Method amortization under
FASB 91. Try a free demo.
Account for deferred loan fee income and origination expense
• Effective interest rate calculation
• Monthly deferral amortization
• Complete reporting
Calculate recognition as of:
• Prior month or year end
• Current month
• Future month or year end
• Have us calculate
your file and send reports in Excel
Compare results
as of any month to your existing method
Determine material
vs. immaterial
FASB 91 schedules
• Lifetime effective interest method
amortization for each record
Subsidiary ledger Trial Balance report
• Detail and totals for for
• Income
• Expense
• Accumulated
• Deferral balance
• Carrying balance
• Totals by category or general ledger
account numbers
General ledger
• Journal Voucher posting source document
• Upload posting file
• Direct post to any chart of accounts
• Allocate selected or all recognition
to revenue and cost centers
New records report
• Reconcile balance sheet additions
Zero deferral balance report
• Identify maturing records
Dispose report
• Post outstanding deferral balances
to income and expense for early maturities
Scroll down for screen samples of
• Excel template
• Paste and calculate
screen
• Reports listing
• Monthly fee
income and expense amortization Trial Balance report
• Journal Voucher
for general ledger posting
• Lifetime deferral
recognition schedule for a record
• Try a free
demo
... |
