Merchant Cash Advances, FASB GAAP

Financial Data Support Systems, Inc.  Amortization Software Products Loan Files: FASB Effective interest method Loan Pool Packages: FASB CPR, SMM   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 ASC-310-20 recognition Software      Monthly basis or      Annual end-of-year only Import a Deals file to the software (or send us a file and we will return reports in Excel)      Payments file.  The software automatically imports your Payments file for Daily and Weekly pay Deals.      No 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). Hard to find (including custom) GAAP Amortization Software to run on a PC, Network sharing or Cloud based system supporting Windows Scroll down for      Highlights      Images      Price page      Free demo      Free reports for your Deals: The software can be configured to meet your requirements .... Configuration 1 WITH a Payments File 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. Configuration 2 WITHOUT a Payments File 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      with allowances for weekends and holidays. 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 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.    The following schedules illustrate monthly Discount recognition for a Deal WITH a Payments File.  (No Payments File?  The software calculates an average payment amount based on reduction to Face Value)  No Payments file?  The software creates an "average" payment stream based on reduction to Face Value. 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 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. 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 ASC 310-20 Merchant Cash Advances Amortization Software for Windows® on a computer, laptop, shared network and cloud based systems © 1995 - 2022 Financial Data Support Systems, Inc. Home page        |        About us       |        Contact us       |        Site map

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