Callable bond amortization

                    SOFTWARE  PRODUCTS 
Financial Data Support Systems, Inc.
   Accounting
       Amortization
           Software
 
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  FASB 91 SOFTWARE - all products and services
  LOAN FILES - deferred income and expense amortization
  MBS, LSBO, LOAN PACKAGES - fees, premiums, discounts amortization
  BOND ACCOUNTING - effective interest method
  BOND ACCOUNTING - straight line method
 
  PREPAID EXPENSES - monthly amortization and reporting
  DEFERRED INCOME - monthly amortization and reporting
  FIXED ASSETS, FF&E - monthly depreciation and reporting
  DATE TO DATE - daily, days, weeks, 4-4-5, other periods amortization
  EXCEL WORKSHEETS - accounting amortization and reporting
  l  
 
 
 
 

Bond purchasers of callable and non-callable bonds
Effective interest method, yield to maturity, level yield bond accounting software
Bond issuers page
Bond purchasers, straight line method page




                                                                                         Available in 2 versions

                 Bond accounting software for
                              BUSINESS
 

     •  Effective interest rate, book value calculations
         Straight line method          Bond issuers


     •  Premium amortization expense and totals


     •  Discount accretion income and totals


     •  General ledger posting
               Debit and credit column journal vouchers
               General ledger upload posting transaction file


     •  Accrued interest income with monthly general ledger posting


     •  Accrual reversals with monthly general ledger posting
               Reversals are created with each payment due date and
               if sold, called or redeemed


     •  Purchased interest receivable reconciliation


     •  Ability to accrue bond interest indefinitely from any given date


     •  Earned interest income and totals


     •  Changes
               Accepts multiple rate changes during life of a bond
               Accepts reductions to par for any reason
                         Recognition of premium, discount portion


     •  General ledger subsidiary balancing reports, including Receivable


     •  Monthly Cash due tickler report showing
               Coupon interest
               Purchased interest
               Par receivable due to maturity, sale or call
               Subtotals by general ledger accounts


     •  Sold, early call bonds
               Full recognition of premium, discount balance


     •  Monthly totals and reporting


     •  Yearly recap totals and reporting
               Calendar and fiscal years


     •  Lifetime bond amortization and accretion schedules
               Audit and examination underlying detail


     •  Market Position report
               Typically for the active bond trader
               Portfolio value book value compared to market as of today


     •  Export reports to Excel, Adobe for archive, audit and exam purposes
 
        Bond accounting software for
                     INDIVIDUALS
   

     •  Effective interest rate, cost basis calculations
         Straight line method


     •  Premium amortization expense and totals


     •  Discount accretion income and totals


     •  OID (original discount amortization)
               For investors requiring Purchased Discount and OID comparison


     •  Purchased interest tracking until received


     •  Earned interest and totals


     •  Cash interest income received and totals


     •  Monthly Cash due tickler report showing
               Coupon interest
               Purchased interest
               Par receivable due to maturity, sale or call
               Subtotals by bond management company/brokerage firm


     •  Sold, early call bonds
               Premium, discount balance remains in Cost Basis


     •  Callable bonds
               If not called, option to "keep the bond going"


     •  Changes
               Accepts multiple rate changes during life of a bond
               Accepts reductions to par for any reason
                         Recognition of premium, discount portion


     •  Monthly totals and reporting


     •  Yearly totals and reporting
               Cash received + Discount income - Premium expense
               Gain or Loss on sale
               Calendar and fiscal years


     •  Lifetime bond amortization and accretion schedules


     •  Market Position report
               Typically for the active bond trader
               Portfolio value cost basis compared to market as of today


     •  Export reports to Excel, Adobe for accounting needs










Software to calculate monthly and yearly
     •  Premium amortization
     •  Discount accretion
     •  OID amortization
     •  Cost basis and book value determination for
     •  Municipal bonds
     •  Corporate bonds
     •  Governments
     •  Notes
     •  Bills
     •  Agencies
     •  Virtually any premium, discount instrument
     •  Multiple files within a portfolio
     •  Multiple portfolios
     •  Calendar and fiscal year reporting



Amortize and account for all bonds the same time
     •  Effective interest rate calculations for
     •  Fixed rate bonds
     •  Variable rate, step bonds, adjustable, floating rate
     •  Zero rate
     •  Convertible
            The software calculates a blended, constant rate from which to derive monthly recognition
     •  Callable - with a call price
     •  Callable - without a price



Special features
     •  OID
            Amortization/accretion for the discount associated with purchasing the bond
            Amortization/accretion for the same bond's Original Issue Discount
            Totals for both purchased discount and OID for a month, for a year

     •  Callable bond continuation if the bond is not called
            Premium, discount recognition is finalized as of the call date
            Coupon interest continues to the bond's maturity date

     •  Rate changes due to any reason
            Recalculation of the effective interest rate
            Coupon interest calculation at the new rate as of the change date

     •  Reductions to Par
            Early call, redemption
            Partial call, redemption
            Partial sale
            Reductions to par for any reason
            A reduction to par generates a proportionate recognition of premium or discount balance

     •  Group totals
            Group bonds and obtain recognition totals by as many different categories as desired

     •  Export
            Copy bonds, calculations and totals for desired period and paste to a spreadsheet
            Automatically create an Adobe pdf file for permanent storage


 




















MONTHLY premium and discount recognition totals ....
























YEARLY premium and discount recognition totals ....











BOND SCHEDULES ....















  
Use the software to
     •  Calculate your bonds
     •  Calculate client bonds
        Many of our clients are CPA, accounting
        firms and financial advisors












                    "I bought your software today and already found a mistake I'd been making for 3 years." - Ohio

                    "Our auditor needed documentation to support our numbers.  Your software calculated our bonds, then created an Excel file I attached to an email.  Job done!" - Wisconsin

                    "I'm a small investor.  Your software amortized all of my bonds for the years 2013, 2014, 2015 and 2016 in just a few seconds.  Very impressive." - California

                    "Great program!" - Georgia














Need bond portfolio calculations NOW?


Not ready to evaluate or buy software?
But need calculations and reports for all of your bonds?
     •  Premium amortization
     •  Discount accretion
     •  OID for discount comparison purposes
     •  Totals
     •  For a month
     •  For an entire year

View our Bond file services page
Different options available without buying any software.
Calculate bonds and get the reports you need.  Today!























































Highlights ....






Effective interest method compliance for all bonds
simply by placing them into a spreadsheet file with these columns:
     •  Cusip or other identifier
     •  Par
     •  Begin/settlement date
     •  Maturity date
     •  Coupon rate
     •  Price (as $amount or %)
     •  Other values applicable to your bonds such as Call date, any Call price, Convertible date and price ....
Create the file once.
The software does everything else.



Account for dozens, hundreds, thousands of bonds
     •  Current period
     •  Prior periods
     •  Future periods




Effective interest rate calculation for each bond
     •  Fixed rate bonds
     •  Variable rate, steps
     •  Callable bonds
     •  Convertible rate bonds requiring the calculation of constant rate
     •  Virtually any premium, discount instrument



Premium amortization
     •  Monthly expense totals
     •  Yearly totals



Discount accretion
     •  Monthly income totals
     •  Yearly totals.



OID for investors in need of corresponding recognition
     •  Original issue discount amortization
     •  Monthly totals
     •  Yearly totals



Effective rate recalculation due to rate changes, partial call, other reductions to par



Coupon interest tracking
     •  Both Cash and Earned (accrued) interest
     •  Interest due status for all bonds
     •  Earned interest income
     •  Interest accruals
               Accrual reversals
               Asset receivable balances



Cash due reporting
     •  A list of everybody and how much they owe you
     •  Cash interest due this month
     •  Uncollected purchased interest due
     •  Cash due for par resulting from maturity, sales, partial redemptions and calls



Gains, losses on sale to provide net position



Subsidiary schedules
     •  Detail and totals within general ledger account
     •  Detail and totals using other subtotal categories



Monthly reports
     •  Premium, discount recognition.  Balances.
     •  Cost basis.  Book Values.



Annual reports
     •  Calendar and fiscal year recaps
     •  Cash received interest +/- discount and premium recognition
     •  Earned interest +/- discount and premium recognition



Finalized records report
     •  All matured, sold and called bonds



Bond schedules
     •  Audit and exam detail support lifetime schedule for each bond



Client accounting
     •  Import your client bonds to the software
     •  Amortize bonds for any month, any year
     •  Generate reports
     •  Export results



1-800 and email software support



Export bonds, current and prior period recognition, schedules and reports to Excel



A proven system in use by business, individuals, accounting firms and other organizations throughout the country





Client testimonials ....

Thank you!
This program has just made my life so much easier.
I can finally stop adding up all of my amortization schedules!
                    Georgia



We installed your software and just used it for the first time.
I can't believe how much work it will save us each month.
What used to take hours is now done in a matter of minutes.
Your product performs exactly as advertised!
                    Texas


Thanks.
Your customer service is fantastic!
Have a great week.
                    Washington


Our outside accountants just completed their audit.
This is the first year we've been using your software AND
the first year we received a clean audit report.
                    New York


I'm a partner in a small CPA firm.
We were recently engaged to audit municipal bonds issued by a local agency.
Bond discounts needed to be recalculated using the effective interest method.
Calculations with annual reports had to be provided for each of the past seven years.
I can't believe how easily your software allowed us to finish the entire job in such a short period of time.
                    New Mexico
 

Many thanks for the excellent help and support.
I was really not expecting feedback so quickly.
                    Tennessee


 

























Calculations for desired period
     •  Any month
     •  Any year
     •  Current period, prior periods, future period projections
     •  Go back in time.  Go forward in time.
     •  Monthly totals, quarterly, other multiple month totals
     •  Yearly totals - Calendar year, Fiscal year, Tax year
     •  Income and expense for the period
     •  Earned Interest
     •  Premium and discount remaining balances
     •  Cost basis, book values



Reports
     •  Group totals to aggregate bonds for any user defined purpose
     •  Other user defined subtotal descriptions including general ledger accounts
     •  Premium amortization, discount accretion report
     •  Cash Due this month report includes
             Coupon interest due
             Uncollected purchased interest
             Par which may be due resulting from maturities, sales and calls
             Gain on sales (or reduction for Loss)
     •  Coupon interest status report showing next due dates with interest amount portion through the reporting month
     •  Finalized records report showing all bonds that matured, were sold, called or otherwise paid off
     •  Accrued interest report
     •  Accrued interest reversal report



Easy to operate - Nothing to learn
     •  Automatically import all bonds at the same time from a spreadsheet, such as Excel
               Maintain bond information in a spreadsheet you already know how to operate
               Copy an entire spreadsheet
               Paste all bonds to the software import screen - it's that easy
               Excel users can open, select one or multiple worksheets and import bonds directly (skip the copy/paste function)
     •  Calculate all bonds
               File totals
               Lifetime amortization and accretion schedule for any bond
     •  Run reports
     •  Export results to a spreadsheet
 



Designed for and in use by ....

Business, other organizations requiring general ledger reporting
     •  Accrual basis accounting
     •  Premium amortization, discount accretion
     •  General ledger posting files for premium and discount recognition
               With subsidiary ledger Balance Sheet account(s) listing
     •  Monthly accrued interest with general ledger posting file
               With subsidiary listing for Accrued Interest Receivable asset account(s)
     •  Accrued interest reversal file with general ledger posting file
               Accrued interest through prior months is reversed for bonds with cash due this month
     •  Coupon interest status report showing who owes you how how much
               With subtotals by income account
     •  Cash Due report (a tickler file of who owes you money) listing all funds due each month including
               Coupon interest
               Purchased interest not yet received
               Par due to maturities, sales, calls, reductions for other reasons
               Adjusted for any gain or loss on sale
   •  A free standing calculator to calculate an effective rate and generate a schedule for other bonds


Individual bond owners, investors
     •  Cash basis reporting
     •  Premium amortization, discount accretion
     •  Coupon interest status report showing who owes you how much
               With subtotals by payer
     •  Cash Due report (a tickler file of who owes you money) listing all funds due each month including
               Coupon interest
               Purchased interest not yet received
               Par due to maturities, sales, calls, reductions for other reasons
               Adjusted for any gain or loss on sale
     •  A free standing calculator to calculate an effective rate and generate a schedule for other bonds


CPA, accounting firms
     •  Use the software to import, calculate, audit and report client files


Financial advisors.  Trust departments.
     •  Use the software to manage, import, calculate, export client files
 










Price and free demo  ....



Click the link to open and view price page.
Evaluate the software with a free demo.
Price page










  Currently using another method?  Another system?  No system?
     The software can recalculate premium and discount balances for current and prior periods.
     Or, the software can preserve your current premium and discount balances.
             No book value, cost basis adjustments necessary.
     Try the free demo available on the Price page, below.
     See how easy it is to amortize your own premium and discounts.



Nothing to learn
     •  Enter basic information about bonds to a spreadsheet
     •  Automatically import bonds to software at any time
          -  Copy all worksheet bonds
          -  Paste to the software
           - Copy.  Paste.  Done.
           -  Monthly effective interest method calculations
           -  Yearly effective interest method calculations
     •  View results.  Print results.
     •  Export bonds, balances and totals to to a spreadsheet



      •  Business, financial institutions, admin services, insurance agencies, other bond purchasers
              Automatically import bond worksheets to the software on demand
              Calculate effective interest rates
              Premium amortization - effective interest method
              Discount accretion - effective interest method
              Interest accruals
              Group totals
              File totals:
                   Any month
                   Any year.  Fiscal.  Calendar.  Or range of months such as a quarter.
              Detail lifetime schedules for each bond satisfy audit requests


    •  CPA and accounting firms.  Financial advisors.
              Business, government, individual investor clients
              Import, calculate recognition for their bond files
                   Monthly, quarterly totals
                   Calendar and fiscal year totals
              Recalculate a file for prior years
                   Audit
                   Due diligence
              Export, archive calculations and reports to Excel and other spreadsheets
              Exclude bonds which were added after a desired calculation time period
                  Example:  A worksheet contains bonds from 2011, 2012, 2013, 2014, 2015 and 2016
                  When working with the year 2015, you can exclude the 2016 bonds from calculations and view.
              Client servicing
                   Import and calculate worksheet bonds on behalf of a client for any period
                   Export results and file totals to a spreadsheet


     •  Government, agency bond issuers
              Amortize original issue, debt costs
              Premium and discount recognition
              File totals:
                   Any month
                   Any year.  Fiscal.  Calendar.  Or range of months such as a quarter.












Enhanced capabilities for business ....
General Ledger Posting and Reporting Module includes
     •  General ledger journal voucher and posting file for premium, discount recognition
               Asset and liability general ledger account numbers
               Income and expense general ledger account numbers

     •  Subsidiary listing Trial Balance with totals by each set of general ledger accounts
               Income and expense totals
               Premium and discount balance totals
               Book value totals
               For any month, quarter or year

     •  Interest accruals with journal voucher and general ledger posting file
               Purchasers:  Income and receivable general ledger account numbers
               Issuers:  Expense and liability account numbers

     •  General ledger posting files for all of the above 
               Postings have an Undo function to reverse a posting made in error
               Postings can be formatted for uploading to any general ledger system

     •  Bond issuers:
               Separate amortization of bond acquisition charges, issue costs



Calculate premium and discount recognition for
     •  Purchased or Issued
               -  Municipal bonds
               -  Agencies
               -  Corporate, government, notes, bills, debentures ....
               -  Virtually any instrument having a premium or discount
   
     •  Premium amortization using the effective interest method
               Amortization for each bond plus a detailed, lifetime schedule
               Amortization and balance totals for all bonds with a premium

     •  Discount accretion using the effective interest method
               Accretion for each bond plus a detailed, lifetime schedule
               Accretion and balance totals for all bonds with a discount

     •  Constant yield, effective interest rate calculations under FASB 91

     •  Coupon rate interest calculation for each bond, plus a total for all bonds
               Interest accruals with general ledger posting file

     •  Calculate
               Dozens, hundreds, thousands of bonds at the same time
               Monthly.  Quarterly.  Range of months.  Calendar and fiscal year totals.
               Current period.  Prior periods.  Future periods.

     •  Fixed rate bonds plus

     •  Convertible bonds
               The system calculates a constant rate
               The constant rate and effective interest rate determine amortization, accretion recognition

     •  Zero rate bonds, convertible or otherwise

     •  Variable rate bonds, floating rate, steps
               Calculation of initial effective interest rate
               Effective interest rate recalculation with each rate change

     •  Call dates, with or without a call price
               Premium, discount calculations to a call date Cost Basis, Book Value

     •  Reductions
               Bonds with reductions to par, such as a partial sale, recall, paydown
               Accelerated recognition of premium or discount balance proportionate to reduction in par

     •  Existing bonds
              Two solutions:
              Recalculate existing bonds using original dates
              or
              Retain current cost basis, book value.  Convert existing bonds and balances with no journal adjustments.

 

Simple to use
      Basic information for a bond portfolio is maintained
      in one or more spreadsheets
               Par, settlement, maturity, coupon rate ....

      Worksheet templates with headers and column
      documentation come with the software
               Enter bond data and
               Copy/paste bonds from existing worksheets
               Add/insert new bonds at any time

      User defined Group categories to segregate bonds
      and provide totals by/for any purpose.

      The software automatically imports a worksheet
      and performs required calculations
              Constant yield, FASB 91 effective interest rate
              Premium amortization
              Discount accretion and more
              Import and calculate dozens, hundreds,
              thousands of bonds in a matter of seconds



A single software system provides ....

     •  Accounting - Effective interest method portfolio calculations and totals for multiple bonds

     •  Calculator - Effective interest method for one bond at a time

     •  360/365/366 day basis



Portfolio NET totals consisting of
     Coupon rate interest
     + Discount Accretion
     - Premium Amortization
     = NET for any Month.  Quarter.  Calendar or fiscal year.  Go back in time.  Go forward in time.




Bonds consist of loan packages?  View our Omnibus FASB 91 premium and discount amortization software for
  •  MBS, syndicated packages, LSBO, secondary market, grouped originations, bundled loans, bonds with monthly par reductions and more.


Premium and discount portfolio accounting
  •  Generate income and expense detail plus totals for:
  •  Any month
  •  Any quarter
  •  Any annual, yearly period - calendar or fiscal
  •  Historical - view a portfolio as it was at any time in the past
  •  360/365/366 days in a year basis at the bond level matches coupon interest basis
  •  User defined Group totals



Purchased bonds
     •  Investors, traders, business, institutions, trust departments, client accounting services ....
     •  Calculate discount income, premium expense on a monthly, quarterly, annual basis for all bonds at the same time



Issued bonds
     •  Municipalities, taxing districts, corporate .... (amortize bond issuance costs, too)
     •  Calculate discount expense, premium income on a monthly, quarterly, annual basis for all bonds at the same time
     •  Amortize original issue, debt issuance amounts, too



Variable rate instruments, such as Steps
     •  The system calculates a new effective interest rate with each rate change, including mid-month dates
     •  The system switches to calculating coupon interest at the new rate as of the actual rate change day


Convertible rate bonds
     •  The system calculates a blended, constant interest rate
               Premium and discount recognition is the difference between effective rate interest and constant rate interest
     •  The system switches to calculating coupon rate interest at the convertible rate on the convertible date


Call Dates
     •  Premium and discount recognition to a Call Date


Call Prices
     •  Premium, discount recognition to a Cost Basis Call Price
     •  Example:  Purchase 100,000 at 97 with a Call at 102 and the system accretes 5,000 to a Cost Basis 102,000
     •  Example:  Purchase 100,000 at 103 with a Call at 101 and the system amortizes 2,000 to a Cost Basis of 101,000


Sale or early call, redemption date
     •  The system recognizes the remaining premium, discount balance in full
     •   If a Call Price is involved, the system makes all necessary adjustments, including the recapture of any recognized portion of the Call


Partial sale, early call, redemption
     •  The system accelerates premium, discount recognition by the percentage of: ReductionToPar / Par
     •  Remaining premium or discount is calculated over the remaining term
     •  If a Call Price is involved, the system makes all necessary adjustments, including the percentage recapture of any recognized portion of the Call


Reductions to Par
  •  Accelerated recognition of premium and discount balances for
  •  Partial and complete sales
  •  Partial and complete recalls
  •  Other reductions to Par for any reason



Comply with these FASB, GAAP recognition methods ....
     •  FASB 91 effective interest method, level yield
           Calculates effective interest rates for fixed rate and convertible bonds
           Amortization and accretion based on the difference between the effective interest rate and coupon rate
     •  Constant interest rate method
           Calculates constant rates for convertible bonds
           Amortization and accretion based on the difference between the effective interest rate and constant rate



Easily account for exceptions arising from ....
     •  Early calls, redemption  (the software recognizes premium, discount balance in full)
     •  Partial calls, redemption  (the software accelerates premium, discount recognition by the call amount percentage)
     •  Sales  (the software recognizes premium, discount balance in full)
     •  Partial sales  (the software accelerates premium, discount recognition by the par reduction percentage)
     •  Periodic reductions to Par for any reason  (the software accelerates premium, discount recognition by the par reduction percentage)



•  Purchased bonds
     -  Held to maturity or trade/sale/early call date



•  Issued bonds
     -  Including issuance cost amortization (for more on this, view our Bond Issue Costs amortization page)



•  Fixed rate bonds
   and
•  Convertible bonds
     -  Including initial rate of zero
     -  Convertible rate amortization, accretion at Constant interest rate
     -  OID bonds
     -  For variable rate bonds when future dates, rates are unknown, view our Omnibus Variable, Floating Rates software page)



•  Discount accretion
     -  Individual bond level
     -  File, portfolio totals
     -  General ledger totals
     -  Lifetime accretion schedule for a bond



•  Premium amortization
     -  Individual bond level
     -  File, portfolio totals
     -  General ledger totals
     -  Lifetime amortization schedule for a bond



•  OID
     -  OID accretion totals (for more on this, view our Original Issue Discounts OID amortization page)
     -  Group and track OID with purchased bonds accretion totals
     -  Compare recognition amounts between OID and purchased
             Monthly
             Quarterly
             Annual (fiscal and calendar year totals)



•  Early call/redemption/sale date
     -  Recognize deferral balance in full as of any date for any reason



•  Interest at the coupon rate
     -  Calculate coupon rate interest and accruals for any period, too
     -  Supports 360/365/366 day basis



•  Generate:
     -  Premium recognition subtotals
     -  Discount recognition subtotals
     -  Accounting reports
     -  Journal voucher posting source document
     -  General ledger transaction posting file (supports any chart of accounts)



•  Existing bonds
     -  Preserve current deferral balances or
     -  System can calculate current balances



•  Virtually any premium or discount instrument to be calculated under GAAP, FASB 91
     -  Municipals
     -  Corporate
     -  Government
     -  Notes
     -  Bills



Software to
     •  Calculate FASB 91 effective interest rate for all bonds at the same time
     •  Effective interest method recognition under FASB 91 for
          -  Premium amortization
          -  Discount accretion
          -  Issue costs - Amortized and tracked separately
          -  Group totals
          -  File totals
          -  Remaining balance and book values
     •  Accounting recognition periods:
          -  Monthly
          -  Quarterly
          -  Other multiple months
          -  Annual:  Calendar or fiscal year
          -  Past, current and future periods
     •  Lifetime amortization, accretion schedule for each bond
    


Available with a General Ledger and Reporting module ....
     •  General ledger reporting
          -  Subsidiary ledger balancing report
               Detail and totals by each general ledger account for
                    -  Premium and discount recognition
                    -  Accumulated
                    -  Remaining balance book values
          -  Journal voucher posting source document
          -  General ledger transaction posting file
                    -  Formatted for uploading to your general ledger system

     •  Interest accruals at bond coupon rate:
         -  Monthly amount (book to receivable) or
         -  Gross accrual from an accrual date (for book and reverse operations)
         -  Accrual report, journal voucher posting source document and general ledger transaction posting file


     •  NET report - what did you earn on your portfolio?
              Coupon interest for the period
          +  Discount accretion
          -  Premium amortization
          +  Gain on Sale
          =  NET result for each bond and entire portfolio



Your existing records
     •  Easy conversion ....
          -  Preserve current general ledger balances or
          - Have the software recalculate premium and discount amortization from Begin dates.






Maintain bond records in one or more worksheets.  At any time,
1)  Import a worksheet
2)  Select a calendar date and calculate
     -  Premium and discount recognition for an entire file
     -  Issue costs, fee recognition for an entire file
     -  FASB 91 effective rate, calculations and compliance
     -  Interest accruals
     -  All monthly accounting reports
     -  General ledger postings
          Direct post and
          Allocate to multiple cost and revenue centers
     -  Lifetime amortization schedule for any bond
     -  In a matter of seconds!


Getting started is easy.
     No adjusting journal entry required.
     Be up and running in no time.

Export calculation results and reports to Excel, other spreadsheet.
     For internal use.
     Email to outside auditors.

Records retention.
     Export reports to a worksheet.
     Or save bond worksheets with a unique monthly name.
          Import, calculate, report at any future date.


During import, the software:
     -  Determines premium or discount amount
     -  Calculates effective interest rates
     -  Provides:
          Monthly premium and discount amortization and accretion based on selected calendar date
          For each record:
               Monthly premium and discount recognition
               Accumulated recognition
               Deferred premium or discount balance
               Book value carrying balance
          Summary totals of the above by category:
               Premium totals
               Discount totals


You can also:
     Generate amortized income and expense totals for a
          Month
          Quarter
          Calendar or fiscal year
          As of a prior or future period
     View a lifetime month by month amortization and recognition schedule for any record
     Copy and paste results elsewhere


More about bond accounting and reporting ....

All monthly reports:
     View, print, export
     Subsidiary listing trial balance by general ledger account
     Detailed records plus accounting subtotals
     Journal voucher
     General ledger debit and credit posting summary recap

General ledger posting file preparation
     Supports any chart of accounts

Issue costs - separate amortization for:
     Issuance cost and charges
     Acquisition fees
     Other fees (and income) to be deferred but not included within premium and discount recognition
     General ledger posting account numbers or system assigned defaults

Interest accruals
     Calculate an accrual for the current month only or
     Calculate a total accrued using an "accrue from" date
     Supports accrue and accrual reversal functions
     General ledger posting account numbers or system assigned defaults
     Projections: Calculate interest accrual through end of year, other period

Early maturity, call date column
     Take full premium and discount balances prior to scheduled maturity date
     System automatically finalizes a record if redeemed early, sold, called or otherwise disposed

Par amortization for sinking fund, other tracking purposes
     Monthly amortized recognition
     General ledger posting account numbers or system assigned defaults
     Accumulated
     Par balance

Period calculations
     Fiscal and calendar years
     Determine all balances "as of" a future month, EOY period
     Determine income, expense spanning multiple months

Allocation capabilities
     Distribute income, expense to revenue and cost centers


Also available in a version where a file consists of
Bonds representing groups and packages (see our Omnibus software):
     -  Individual rates, composite, dollar weighted
     -  Mortgage backed securities
     -  LSBOs
          Purchased loans
          Participations
     -  Other packaged instruments
          Held to term
          Average life
     -  Amortizing
     -  Irregular principal receipts stream
          Variable amounts
          Curtailments, payoffs
          Partial sales
     -  Weighted rate changes













Price
Stand alone and network sharing prices
Click to open and view Price page
with a free software demo


Questions?
Don't see what you need?
1-800-245-8444
or email Support@fdssi.com

Other pages of interest ....
FASB 91 products page
Omnibus - Loan, bond packages FASB 91 amortization
Loan origination fees FASB 91 amortization
Enter, calculate one record at a time calculator suite
CPA, auditor, financial advisor FASB 91 page
FASB 91 custom system
FASB 91 services offered

 
  FASB 91 software for callable bonds
 Windows® PC, laptop, workstation and network sharing by
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