REO
Expense
amortization
software
|
Accounting
software to
amortize these
types of records
over 1 to 999
month terms
• Prepaid
expenses
• Deferred
charges
• Capitalized
REO costs and
other prepaid
assets
• Insurance
premiums for
hazard, fire,
flood, auto,
life, D&O,
health, bonds,
other
• Maintenance
agreements
covering
hardware,
software
• Office,
building, branch
supplies having
a shelf life
• Equipment and
upgrades
• Bond and
investment
premiums and
discounts
• Memberships,
licenses, dues
and
subscriptions
• Incorporation
and set up
charges
• Professional
service fees,
retainers
• Taxes,
tangible and
intangible,
parcels,
certificates
• Advertising,
marketing,
promotional
items
• Loan charges,
dealer reserves,
indirect lending
fees
• Leases, rents,
other prepaid
occupancy and
security costs
• Donations,
gifts
• Capitalized,
fiduciary
property upkeep
• Other prepaid
expenses and
deferred charges
• Also handles
recurring
transactions,
with or without
allocating
Constant monthly
amount
Variable amount
Monthly
expense,
accumulated and
book value
calculations
• View reports.
Print reports.
Copy to Excel
(send to your
auditor in an
email).
• General ledger
posting with
direct expense
to any chart of
accounts plus
• Allocate
selected expense
to multiple
branch, cost
center,
department
accounts
Exception
handling
• Capture prior
amortization
expense if not
set up during
initial month
• Defer
calculations to
begin in a
future known or
as of yet
unknown month
• Single step
book value
adjustment for
additional
payment or
refund
• Enter new
records into the
software in any
order - reports
sort them
accordingly
History
- Never lose a
report again
• Automatic
record and
report archiving
for retrieval at
a future date
• Recall any
prior month
report on demand
• Review all
changes made
(old value, new
value) to a
record during
its entire term
Multiple
amortization
methods
• Financial
months
All months have
30 days.
Amortize an item
evenly over 1
thru 999 months.
• Actual days in
each month.
First and last
can be partial
months
Amortize an item
for the actual
date to date
"in-service"
days.
• Sum of the
years digits
Recognize
greater amounts
during earlier
months,
gradually taper
down.
Complete
monthly
processing in a
single step!
No close out
required.
Discover an
error afterward?
Merely fix and
rerun.
• Trial
Balance report
for reconciling
to general
ledger
Record listing
in date order
with
amortization
calculations
Subtotals for
cost, monthly
expense,
accumulated and
book value
Subtotals
provided for
each:
General ledger
expense account
including
branch,
department,
other centers
General ledger
prepaid asset
Report totals
View and print:
Records and
subtotals
Subtotals only
•
Journal Voucher
debit and credit
column posting
source document
Posting
transactions can
be:
General ledger
subtotals or
Individual
records
Transactions can
be created:
For current or a
previous month
More than once
As reversal
entries (undo)
•
General ledger
posting file
Transactions can
be formatted for
any general
ledger system
Upload the file
to your general
ledger
Paste contents
to a spreadsheet
or elsewhere
Transactions can
also be formated
for ACH, NACHA
processing
Convert
Your Records
Even if you
inherited a
junker file, we
can probably
convert your
existing
records.
Retain current
balances or
Recalculate
current balances
from day one
We have Excel
import routines
with random
column
conversion
factors
Be up and
running with a
solid system by
tomorrow!
More
highlights
Maintain up to
99,999 records
Full set of
accounting and
managerial
reports
- Trial Balance
- Journal
Voucher
- Undo. Reverse
a previously
created
debit/credit
upload posting
file
- New records
report
-
Maturity/Review
date report
(tickler file)
- Type report by
user defined
codes
- Vendor report
by user defined
codes
- Record link
report
(aggregate
records by a
common purpose)
- Alpha list of
records in
Description
order
- MySubtotals
report. Filter
and group by
selected fields
on the fly
- MyReports.
Create and
retain your own
commonly used
reports
- Export.
Copy/paste
reports to a
spreadsheet
- Description
files. Maintain
names for:
• General
ledger accounts
• Type codes
• Vendor codes
• Record link
codes
History and
archiving:
- Historical
month by month
for each record
- calculations
and edit change
activity.
- Reproduce any
report from a
previous month
or year.
- Audit Report
of add, edit,
delete by
general ledger
account.
- Annual
reporting for
entire year -
copy to Excel,
email to
auditors.
- Go Electronic!
Monthly history
files allow you
to print reports
only when
necessary.
Supports any
general ledger
chart of
accounts
We can convert
your existing
data records
FASB and GAAP
compliant. |
