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GAAP,
FASB compliant
software
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MCA - Merchant Cash Advances
MCA
Originators
MCA Investors
GAAP, FASB recognition Software
Monthly basis or
Annual end-of-year only
Import a Deals file to
the software
WITH Payments file: The software
automatically imports
your Payments file
for Daily and Weekly pay
Deals.
WITHOUT Payments file: The software
creates an "average"
payment stream based on
reduction to Face Value.
Amortize Discounts,
other income and expense
using GAAP IRR effective
interest method:
Discount recognition plus other
items such as
commissions, broker fees, bank fees
....
Deferral balances
and NPV
(net present value) for
each item.
Auditing
Generate a lifetime ASC-310-20 deferral
recognition schedule for
any Deal.
From the original Deal date or a Conversion date
(preserve previously
recognized income).
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Hard to find
(including custom)
GAAP
Amortization
Software to run on a
PC,
Network sharing or
Cloud based system
supporting Windows
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The software can be configured to meet
your requirements ....
Import a Deals File to
the software each month.
Create an extract file from your servicing system in
Excel.
Supports Daily and Weekly payments.
Deals can be short term or span multiple years.
Deferral values can be reduced by any investor syndicated %.
Import a Payments File
at the same time.
Create an extract file from your servicing system in
Excel.
The software "matches" Payments to Deals.
Payments are reduced by any investor syndicated %.
Payments can be current month only or life-to-date and
are valid for any date including weekends and holidays.
Calculate IRR Internal
Rate of Return.
Calculate NPV Net
Present Value.
Calculate monthly
Discount Deferral
balances.
Calculate other income and expense, too, such as
Bank Fees, Attorney Charges ....
Generate totals for:
Original Discount
Accumulated income
Deferral balance
Current Face Value based on Payments File
Carrying Balance (NPV)
Verify results.
Create ASC-310-20 recognition schedule
for any deal.
Recalculate IRR and NPV
due to irregular Face
Value reductions.
Bounces, skips, partial payments, early payoff ....
Compare software IRR
generated Deferral
Balances to Cash Basis
general ledger
balances. Post and
reverse adjustments.
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Import a Deals File to
the software monthly or
just once a year.
Create an extract file from your servicing system in
Excel.
Supports Daily and Weekly payments.
Deals can be short term or span multiple years.
Deferral values can
be reduced by any investor syndicated %.
Payments are calculated
by the software as an average
of:
Prior month or Original Face Value minus Current month Face Value
divided by number of payment due dates.
Calculate IRR Internal
Rate of Return.
Calculate NPV Net
Present Value.
Calculate Discount Deferral
balances.
Calculate other income and expense, too, such as
Bank Fees, Attorney Charges ....
Generate totals for:
Original Discount
Accumulated income
Deferral balance
Current Face Value from the Deals File
Carrying Balance (NPV)
Verify results.
Create a recognition schedule
for any deal.
Compare software IRR
generated Deferral
Balances to Cash Basis
general ledger balances.
Post and reverse
adjustments.
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GAAP,
FASB software for Merchant Cash
Advances with daily, weekly payments
Amortize
dozens, hundreds,
thousands of MCA deals at the same time
IRR
Effective interest rate calculation for each
record.
Lifetime amortization schedule
for each fee, for each record.
Deferral
% reductions for
joint venture, syndicated participations.
Freeze Schedule when a deal goes
bad.
Clear up audit exceptions with a minimum
amount of effort.
Determine what
Discount, other
Income
and Expense Balances should
be
when
using the
effective
interest method
for daily,
weekly
payments
End of month
End of year
Designed to eliminate footnote
exceptions on Financial
Statements
Calculate all MCA records at the
same time:
GAAP, FASB effective interest rates (IRR)
NPV Net Present Value (Carrying Balance, Book Value)
Discount on Proceeds Balance (Deferred Income Balance)
plus other deferred income, expense
Audit schedules
for each record:
Day-by-Day
recognition
schedule which opens in Excel
Monthly totals
Supportive documentation
IRR, NPV independent
verification in seconds
Show results to your auditor
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Easy to operate
Automatically import a Deals file to the
software
Import basic information for each Deal
consisting of:
Deal number/Description
First pay date
Final pay/maturity date
Original Face Value
Discount (or other fee to be amortized as income,
expense)
Deferral % Owned if syndicated
Current Face Value
General ledger accounts if desired
Payment frequency: Daily, Weekly
Payment amount
Payments file
(if you do not have a Payments file the software
creates an "average"
payment stream based on
reduction to Face Value.)
The software can also import a
Payments file at the same time
consisting of:
Deal number
Payment date
Payment amount
The software matches Deals with Payments
to generate reports and individual
recognition schedules based on payments.
The software also does a projection of
anticipated Payments from the import
month through the Final Payment Date of each
record using:
The contracted Payment
amount which may or may not satisfy
Current Face Value as of Final Payment
Date or
A calculated Payment
amount which will satisfy Current Face
Value as of Final Payment Date or, at
your option or,
Extend the Final Payment
Date to so as to satisfy Face Value
based on payments.
Future daily payments exclude the following
dates:
Saturday
Sunday
And the observed day for
New Year's
Martin Luther King birthday
Memorial day
July 4th
Labor day
Veteran's day
Thanksgiving
December 25th
Exception: If a Final Payment date falls on any
of the above, the Final Payment will become a Payment.
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Price
Click to open and view
Price page
For more information,
please call
1-800-245-8444
(Florida, Eastern Time)
or
email
Support@fdssi.com
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