FASB
91 Software
Effective Interest Method
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| Straight
Line Amortization
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| Financial
Data Support Systems, Inc.
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For
PC, laptop,
workstation and
shared devices
running Windows® |
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Utilized by
Business
Government
Financial Institutions
Accounting Firms |
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Loan
Fees
FASB 91 Effective Interest Method
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Calculator
for a single loan |
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Accounting
for Loan Fees using the Effective Interest Method
Simple.
Safe.
FASB 91 compliance and monthly reporting with
just a few mouse clicks ....
Enter or download loans to Excel or another spreadsheet
program.
Import your loans to the software:
- Copy a worksheet (highlight
and copy as if copying everything to another worksheet)
- Paste to the software
import screen
- The software calculates
your records and generates all reports. Complete FASB 91 processing!
With just a few mouse clicks.
Calculate, report and account for
- Loan income, expense
or net fee amortization
- Detailed lifetime
schedule provided for each record
Supports various loan types
- Fixed rate
- Adjustable
- Amortizing
- Interest only (non-amortizing)
- Balloon
Supports various payment frequencies
- Monthly
- Bi-weekly
- Quarterly
- Semi-annual and annual
Early Payoff Date column
- Ener a date at any time
- Date can be the current, past or a future
month
- Software books full income or expense deferral
balance during the Payoff Date month due to
An early payoff
Sale of loan
Any other reason
to terminate amortization |
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Software
features
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Generate all monthly reports: View, print, export
Subsidiary listing trial balance
Detailed records plus accounting subtotals
Journal voucher with debit and credit recap
• General ledger posting file preparation
Supports any chart of accounts
• Allocation capabilities
Distribute income, expense to RC, cost centers
• Excel template provided. Import
other spreadsheets, too.
• Recalculate existing records from 1st
Payment date |
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Calculations
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FASB 91 Effective interest rate
• Deferral amortization recognition
- Fee income
- Fee expense, cost
- Net of both when applicable
- For loan term or average
life
• All monthly accounting reports
Calculate deferral recognition and balances as
of:
• Current month
• Prior month
• Prior year end (fiscal or calendar)
• Future month or year end
• Range of future months for annual budget/forecasting
Reports:
Trial Balance subsidiary ledger report
Detail and totals for for
• Income
• Expense
• Accumulated
• Deferral balance
• Carrying amount (Accretion 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
FASB 91 detail schedules
• Lifetime effective interest method amortization for each record |
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Available
in 2 versions, where a file consists of
1)
Loans at the individual loan level:
- Fixed rate,
adjustable, amortizing, interest only (non amortizing) and balloon loans
- Monthly, bi-weekly,
quarterly, semi-annual and annual payment frequencies
- Mortgages
- Dealer fees, holdbacks,
indirect auto lending expense
- P&I amortizing
loans
- Balloon
- Interest only, LIP
- Average life term
- Callable
2) Groups and packages (fees treated as premium or discount using our
Omnibus
software):
- Individual rates, composite, dollar weighted
- Mortgage backed securities
- LSBOs
Purchased loans
Participations
- Other packaged loans
Held to term
Average life
- Amortizing
- Irregular principal
receipts stream
Variable amounts
Curtailments, payoffs
Partial sales
- Weighted rate changes
- Interest only
- Monthly bulk origination |
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Scroll down for samples, price and free software demo ....
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