FASB
91 Software
Effective Interest Method
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Data Support Systems, Inc.
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Utilized by
Business
Government
Financial Institutions
Accounting Firms |
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For
PC, laptop,
workstation and
shared devices
running Windows®
7,
Vista, XP, ME, NT and
other network versions |
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Loan
Fees
FASB 91 Effective Interest Method
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File
Import: Loans
| Software
to import an Excel file and recognize loan fee income, expense or both
for monthly recognition using the FASB 91 effective interest method. |
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Features
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Copy an Excel worksheet. Paste to the
software.
• Calculate, report and account for
Loan income, expense or net fee amortization
Detailed lifetime schedule provided for each record
• All monthly reports:
View, print, export
Subsidiary listing trial balance
Detailed records plus accounting subtotals
Journal voucher with debit and credit recap
• Just need rates?
Export
loans with their effective interest rates from the software to
Excel
• 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
• Download a free demo and try the software
today |
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Monthly
accounting
and reporting couldn't be easier!
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Highlight a worksheet with premium and discount data
• Copy your data as if copying to another worksheet
• Paste your data to the software's import screen
• Click an icon to generate all monthly accounting reports
• Direct post to accounts and allocate to RC, cost centers |
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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:
- Mortgages, other types
of loans
- Dealer fees, holdbacks,
indirect auto lending expense
- P&I amortizing
loans
- Balloon
- Interest only
- Average life term
- Callable
2) Groups and packages (fees treated as premium or discount):
- 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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Demo,
Purchase and Rental
Download
a free demo.
Buy the software.
Rent the software.
Software can be purchased or rented (full credit toward purchase price).
Why rent?
Import and calculate all of your records as of prior, current or future
month. Compare effective interest method results to current procedures.
Do you even need to switch.
Prices and how to download a free demo can be found at bottom of this
page. |
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Software to calculate effective interest rate
and monthly amortization using the FASB 91 Effective Interest Method for
loans with indirect lending fees, other income and expense. |
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