Merchant Cash Advances, FASB GAAP

Financial Data Support Systems, Inc.  Amortization Software Products Loan Files: FASB Effective interest method Loan Packages: Effective interest method Corporate Debt  Issue GAAP amortization   Merchant Cash Advances page FASB 91: All products Bond  Purchasers: Effective Interest Method Bond  Issuers: Effective Interest Method Prepaid Expenses, Deferred Charges     Deferred Income, Unearned Revenue Fixed Assets, FF&E Depreciation     Home page About, contact us GAAP, FASB compliant software

MCA - Merchant Cash Advances      MCA Originators      MCA Investors GAAP, FASB recognition Software Amortize Discounts, other income and expense using IRR effective interest method:      Discount recognition plus other amortizing items such as commissions, broker fees, bank fees ....      The software provides:           Deferral balances and NPV (net present value) for each item.           Totals for entire file. Extract deals from your servicing system, import to software on your laptop, PC, network sharing or cloud based system      Import deals on a monthly basis or      Annual end-of-year only Auditing      Generate a lifetime deferral recognition schedule for any Deal. Hard to find (including custom) GAAP Amortization Software to run on a PC, Network sharing or Cloud based system supporting Windows 7,10,11 Scroll down for      Highlights      Images      Price page      Free demo 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 deferral balances for discounts, bank fees, legal expense, other fees ....   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.   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 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 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. 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

GAAP, FASB Merchant Cash Advances Amortization Software for Windows® on a computer, laptop, shared network and cloud based systems © 1995 - 2023 Financial Data Support Systems, Inc. Home page        |        About us       |        Contact us       |        Site map

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