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Amortization Software for |
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Prepaid
Expenses, Deferred Charges |
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Deferred
Income, Unearned Revenue |
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MBS, GNMA, LSBO Premiums,
Discounts |
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Loan Fees Income and Expense |
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Indirect Lending Dealer Fees |
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FASB
91 Products Page |
| Bond Purchasers, Level Yield
Method |
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Bond
Purchasers, Straight Line
Method |
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Bond Issuers,
Level Yield or Straight Line |
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Excel Worksheet Amortization
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Allocation to Cost and Profit
Centers |
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Fixed Assets, FF&E
Depreciation |
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Home page |
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About,
contact us |
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Merchant Cash Advances
FASB 91 amortization and
accounting software for a file
Related software:
Loan Fees
Purchased Loan
Packages
Fees
Bond Discounts
Operates on a PC or
network sharing device:
• Automatically import
MCA records from Excel or extracted from a
servicing system
• Import dozens, hundreds, thousands of
records
at the same time
• Resolve FASB 91 issues today
Effective
interest daily rate calculation and
amortization of:
• Face Value -
Proceeds. Amortize the discount
to income.
• Adjustments for bounced
payments, renewals
and modifications
• Daily discount recognition schedules with
Proceeds and Face Value balances
Amortize up to 4 more fees per
record:
• Origination and other fees
amortized to income
• Commissions,
legal, other costs amortized to expense
• General ledger subsidiary schedules for all
P&L, Balance Sheet accounts
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Hard to
find
accounting
solutions |
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Amortize MCA Discount on
Proceeds plus up to 4 other fees per
record
Effective interest rate calculation for each of
the above
• Our effective
rate formula or
• Your CPA's requested formula
Lifetime day-by-day amortization schedule
for each fee, for each record.
Joint venture % participations.
General ledger monthly posting amounts,
deferral and balances.
Annual recaps.
Reserve amount calculation for write-offs.
Clear up audit exceptions with a minimum
of effort.
Payment bounces, skips
Maturity date extensions for
missed, uncollected payments.
Unlimited number of bounces for a record.
Renewals, Extensions
Automatic carry-forward of existing deferral balance to
new amortization period and terms.
New effective interest rate for new balances and term.
Unlimited number of renewals for a record.
Modifications, additional working capital
Automatic rollover of existing deferral balance to new
amortization period and terms.
Adjustment to face value.
New effective interest rate for new balances and term.
Unlimited number of modifications for a record.
Files
Automatically import a file to
the software on your PC or network.
Files can be any of these:
1) Your Excel file. If FASB 91 information
already exists in your file, the
software can import your data.
2) Extract file downloaded from a servicing
system.
3) Our
standard format wherein FASB 91 required
data is entered or pasted into specific
columns in a template provided with the
software.
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Deferral accounting
and recognition for
Current month or year
Prior months and years - recalculate an entire file
P&L totals for
• Current month
• Prior months
• 12 month periods - calendar or fiscal
Balance sheet totals
Income and expense totals
File totals
General ledger posting totals
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Effective interest daily rate calculation ....
The software was developed using Microsoft's
.Net Framework and, as such,
can "communicate" with Excel.
For each record, the software instantiates an Excel worksheet,
populates four cells and retrieves cell A4
result:
smxlWorkSheet.Cells(A, 1) = Amount Financed
(Proceeds)
smxlWorkSheet.Cells(A, 2) = Daily Payment
(calculated by software)
smxlWorkSheet.Cells(A, 3) = Term In Days
(calculated by software)
smxlWorkSheet.Cells(A, 4) = RATE(A3,-A2,A1)
(Excel rate formula)
The result of (A,4) = Effective Interest
Daily Rate
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Methodology
If the software methodology does not agree with
the
manner in which you operate, the software can be
modified to meet your needs.
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Please
contact us for ....
• Price
• More information or questions regarding FAS 91 software
• Customizing the software
• Free demo
Or request sample effective rates, calculations, reports
and schedules for a few of your records.
Email (copy and paste) the following,
then change to your values:
My Sample 1
Face value: 25,000
Proceeds: 20,000
Begin: 5/3/2019
Mature: 11/10/2019
Also include any additional fees,
income or expense
Also include information
regarding a modification, bounced
payment or renewal extension
My Sample 2
Face value: 79,000
Proceeds: 64,000
Begin: 5/9/2019
Mature: 10/22/2019
Also include any additional fees,
income or expense
Also include information
regarding a modification, bounced
payment or renewal extension
Call 1-800-245-8444
(Florida, Eastern Time)
or
email
Support@fdssi.com
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