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    
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GAAP, FASB compliant software

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).




Hard to find
(including custom)
GAAP
Amortization
Software to run on a
PC,
Network sharing or
Cloud based system
supporting Windows




Just need to calculate Deals on a one-time basis?
Call 1-800-245-8444 or email:  Support@fdssi.com


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
     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.




 





















































 














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 Merchant Cash Advances Amortization
Software for Windows® on a computer, laptop, shared network and cloud based systems
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