| Track,
manage, amortize, journalize and archive
Prepaid expenses and
Deferred charges for
REO Properties
Maintain records in Excel
or other spreadsheet files |
Free
demo |
Amortization terms of 1 to 999 months for
• Insurance premiums
for hazard, fire, flood, auto, life, D&O, health, bonds, other
• Maintenance
agreements
• Capitalized
expenses
• Loan charges
• Leases, rents,
other prepaid occupancy and security costs
• Office, building,
branch supplies having a shelf life
• Upgrades
• Professional
service fees, retainers
• Taxes, tangible
and intangible, parcels, certificates
• Advertising,
marketing, promotional items
• Other short
term property capitalized expenses
• Begin amortizing
immediately or
Defer until a future month, then amortize or recognize all
• Also handles
recurring expense and other debit with credit offset transactions
(amount to amortize = monthly recurrence X recurring months)
Complete monthly processing
• Copy data columns
from your spreadsheet and
Paste to the software.
• Calculate amortization
as of any period.
Current
Prior or prior year end.
Future or future calendar, fiscal year end.
• Trial Balance
Report with
Amortized expense and totals.
Amortized income and totals.
Accumulated.
Balances for balancing to your general ledger.
• Journal Voucher
source document posting report.
Supports any general ledger chart of accounts.
• General ledger
upload posting file.
• Allocate:
Expense to multiple general ledger branch, cost centers.
Income to revenue centers.
• Documentation
to handle exceptions.
Additional payment, refund, shorten term, immediate write-off
• Archive monthly,
annual calculation results, send to auditor.
Flexibility
• Amortize straight
line terms up to 999 months.
• Amounts to $9,999,999,999.99,
positive or negative.
• Process
A file with up to 65,000 records
Excel and other file types
Entire file
Selected rows within a file
Multiple files
• Delay amortizing
a record until a future Begin date.
Then amortize over a term or recognize entire amount immediately.
• A single program
for Prepaids, Deferred Income, Fixed Assets, Accrued and more.
File options
• Keep your existing spreadsheet(s).
• Use an Excel template that comes with
the software.
• Amortize, allocate
subsidiary schedules for
Assets, Liabilities, Expense, Income and Reserves.
Allocation module option
Allocate amortization to branch, department,
cost center accounts.
- Allocate selected
records, allocate all records.
- Allocate using
one or more Methods maintained by you in the software, such as:
- Same percentage
to each branch (evenly).
- Percentage you've
determined.
- Varying percentage
by branch and which branches are included.
- Workstation
count, number of employees, square feet, revenue, other.
- Unlimited methods
of any type that can be expressed as numbers.
- Share a method
between records and different general ledger accounts.
- Allocating is
simple:
Merely
substitute the cost center portion of a general ledger account number with
a Method.
Cost
centers can be located at the beginning, middle or end of an account number.
Cost
centers also refer to branch numbers, revenue centers, RCs, other.
.
Amortization Methods Supported
Method: Straight line, same amount each
month
Accounting periods: Monthly
| Example:
$1,200.00 for 12 months = $100.00 per month |
Method: In service, actual days in month,
partial first and last months
Accounting periods: Monthly
Example:
$610.00 from June 15, yyyy to August 15, yyyy
June = $160.00, July = $310.00, August = $140.00 |
Method: In service, date to date, non-monthly
Accounting periods: Day, days, week, weeks,
4-4-5 and any other date to date period
Example:
$365.00 for a term of 1 year
Amortization for a bi-weekly accounting period
= $14.00 |
Method: Accelerated sum of the years digits,
Rule of 78s for any term in months
Accounting periods: Monthly
Example:
$345.00 from June, yyyy thru August, yyyy
June = $172.50, July = $115.00, August = $57.50 |
. |
