Bond accounting software using level yield, effective interest method

Financial Data Support Systems, Inc.        Software Products Prepaid Expenses Amortization    Deferred Income Amortization Fixed Assets, FF&E Depreciation   Excel Worksheet Amortization Excel Worksheet Allocation   Bond Purchasers, Level Yield Method Bond Purchasers,  Straight Line Method Bond Issuers, Level Yield or Straight Line Loan Fees, FASB 91 Amortization Dealer Fees, FASB 91 Amortization FASB 91, All Products Page MBS, GNMA, LSBO Loan Packages Merchant Lending, FASB 91 daily pay Home page About, contact us GAAP, FASB compliant

Bond Accounting Software Effective Interest Method, Level Yield    Straight line method for Bond Purchasers     Bond Issuers   CPA, Accounting Firms, Financial Advisors - Client Reporting      •  Premium amortization, discount accretion for client portfolios.      •  Monthly, yearly interest earnings, discount income, premium expense reporting.      •  Prior periods.  Current.  Future projections.  Export reports to, distribute in Excel.      •  "Snapshot" Reconciliation:  Annual activity with beginning, additions, reductions and ending balances. Business, general ledger module      •  Monthly premium amortization, discount accretion for all bonds and investments at the same time.      •  Interest accruals.      •  General ledger subsidiary account balances, totals and journal entry posting files. Highlights page with Images Price Free demo Hard to find accounting software Manage and account for:      Municipal bonds      Callable and non-callable bonds, with or without a call price, with or without OID      Corporate bonds      Hospital bonds      Agencies      Treasuries      Bills      Notes      GNMAs, MBS, CMOs - account for monthly remittances, declining par balances      Special issues      Other investments with or without reductions to par      PIKs - payment in kind with increases to par Virtually any premium or discount instrument having      Fixed rate      Variable rate      Zero rate      Convertible rate      360, 365, 366 day basis Generate reports for all bonds at the same time including:     +  Earned interest     +  Discount accretion income  (with OID comparison for applicable bonds)     -   Premium amortization expense  +/-   Gain or loss on sale    =   NET EARNINGS Amortization periods      Any prior, current, future:           Month           Year           Multiple years, calendar or fiscal for                     Each bond                     Totals for all bonds                     User defined Group totals                     Multiple bond files Interest and rate calculations:      Purchased interest:  Track and account for interest paid at time of purchase but not yet due      Accrued interest:  Current month income posting plus Accrued Receivable Account balances (for business)      Coupon interest:  Cash due this month:                                          Coupon interest                                          Purchased interest                                          Par due to sale, maturity, call                                          Total amount of coupon and purchased interest owed but not yet due      Earned interest:  Coupon rate earnings for a period irrespective of accrual or cash activity      Effective interest rate:  The difference between this and coupon rate determines level yield recognition       Constant yield rate:  Convertible bond earnings rate blending original and convertible coupon rates      Portfolio rate:  Dollar weighted average coupon and effective rates for all investments Amortize your investments      Software and bonds reside on your computer Amortize client investments      Import and calculate a file for/from one or more clients      Prior periods.  Current.  Future projections. GROUP      Group bonds and investments.  Obtain subtotals by any category.      Examples:                Group = Lot 123, Lot 456, Lot 789 .... (get subtotals for each lot)                Group = California, New York, Florida .... (get subtotals by each issuance state)                Group = Broker name1, Broker name 2 .... (get subtotals by each different broker)                Group = 2019, 2018, 2017 .... (get subtotals by each year of purchase)                Group using any category for which you require subtotals of all bonds and investments within each Group      Multiple worksheets.                Maintain bonds and investments in more than one worksheet.                Import and calculate one worksheet.                Import and calculate some or all worksheets. Call dates:      Amortize to Maturity date or      Amortize to a Call date including                Call price other than Par                Callable but not called                Partial calls, early redemptions Administrative:      Reconciliation worksheet for audits and exams               Beginning balances for Par, Premiums and Discounts               + Additions for the period               -  Activity for amortization, accretion, reductions to Par               =  Ending Balances                   Net Change summation      Mark to Market report - Book Value vs. Market Value position      Portfolio value as of any given day Month-by-month recognition schedule for each bond.  Annual subtotals.      Includes a bond amortization calculator for "what if" questions      What would happen if I sold an existing bond today?      Should I buy this new bond? Software and bonds reside on your computer, PC, network sharing system      Export, archive results using easy to create Excel and Adobe pdf files.      Income and expense, remaining balance, book value (cost basis), earned interest for each and totals for all records in a matter of seconds.          From original begin dates or          Current balances forward, as a conversion (no journal adjustments) Automatically import basic information regarding bonds, other investments from Excel into the software.      Use this free Excel template to get organized.      Scroll down to see how much information you can get from such a small amount of data. Snapshot:      Reconcile entire portfolio activity in a few seconds!      Beginning balances, additions, premium and discount amortization, reductions to par, ending balances and recap.      For any month.      For any entire year.      Export to Excel and attach to an email reply. Income and expense recognition.      For any month or an      entire year in a matter of seconds. Audit and Exam schedules on demand.      Eliminate auditor questions about where your numbers came from.      Produce any schedule on demand.      Export to Excel and attach to an email reply. Group bonds and investments for user defined subtotals. Portfolio market value as of any day. Charts and graphs for prior, current and future periods.      Export data to Excel.      Select "Insert" and view your graph. REPORTS ....      •  View      •  Send to local or network printer      •  Automatically export to Adobe      •  Automatically export to Excel for internal and external distribution Report 1:   Enlarged view of the software import screen listing Another view of the Import screen, primarily so you can sort records by desired values, such as Coupon rate, Maturity date and more. Report 2:  Trial Balance report Premium, Discount recognition report.  Includes Journal Voucher and General Ledger Posting file. Typically for General Ledger Business Version. Premium amortization and discount accretion will be recognized for the selected calendar calculation month. Records will be sorted by the values in spreadsheet column U general ledger accounts. Totals will be provided for each account. Totals will be grouped within Discount and Premium categories. A Journal Voucher and General Ledger posting file will also be created. For non-business purposes, spreadsheet column U values can be used to generate subtotals for other purposes dealing with premiums and discounts. Report 3:  Net recap report for calendar month or period CASH interest +/- Discount, Premium amortization +/- Net Gain on sale. Cash coupon interest received during the report period (the calendar month or number of months) plus Discount recognition and minus Premium recognition. The result is NET earnings for the period based on coupon cash receipts. Report 4:  Finalized records report Net Gain or Loss for All records which have matured or otherwise ended their term. All records which have reached Maturity date, Call date, have been Sold, Paid Down to zero, Redeemed in full or otherwise finished their term. Report consists of Net Gain or Loss based on spreadsheet column M, Gain/Loss on sale and/or column O, Sale Proceeds. This report can also be used as a purge list when beginning a new year. Create a new spreadsheet with a file name dated for the new year. Delete records appearing on this report through the prior year end. Records will appear in the order they appear in the spreadsheet in order to facilitate the above. ABOUT COUPON INTEREST:  CASH vs. EARNED .... CASH: CASH and coupon interest due represent interest from one coupon payment date to the next. Actual cash activity and dates need not be logged (see the following regarding differences between calculated earned and cash interest receipts). The system "moves" spreadsheet column R Payment Due date, along with a prior due/accrue from date, forward and backward based on the calendar calculation month. EARNED: EARNED interest is the amount to which you are entitled, typically representing full month periods but also spanning the entire life of the record. Interest is always being earned regardless of whether or not interest is received as cash (whether it be cash, check, direct deposit and otherwise). Think of Earned Interest as having a job where you get paid on Friday. Come Thursday evening, you have earned 4 days worth of your pay even though you won't get the cash until Friday. This system calculates all interest based on spreadsheet values as they exist when imported. No calculations, report values or other results are ever saved from one import to another. Penny differences will likely arise between actual cash received and what is calculated by the system. Substantial differences may need to be investigated. Furthermore, coupon interest calculations in this software should never be used for tax or other reporting purposes. Instead, obtain and use the figures provided by the entity responsible for coupon payment disbursements. Report 5:  Net recap report for calendar month or period EARNED interest +/- Discount, Premium amortization +/- Net Gain on sale. Earned interest for the report period (the calendar month or number of months) plus Discount recognition and minus Premium recognition. The result is NET earnings for the period. About CASH INTEREST .... The system "moves" spreadsheet column R Payment Due date, along with Accrue From date, forward and backward based on the calendar calculation month. Actual cash activity and dates need not be logged.  Simply enter any Coupon due date and frequency for the system to adjust as needed. Report 6:  Coupon Interest Status report All coupon interest due since previous payment minus Cash Due this month. Requires values in spreadsheet columns R and S (if columns R and S are blank, records will be flagged as missing required values). The system determines the amount of coupon interest earned through this month including cash interest due. This furnishes everything earned and due since prior coupon payment dates. Records will be sorted by the values in spreadsheet column T general ledger accounts. Totals will be provided for each value in spreadsheet column T. The report consists of records with a Begin Date equal to or earlier than the calendar month. Report 7:  Cash Due this month report Coupon interest payments plus any par reductions, sales, maturities occurring this month. Requires values in spreadsheet columns R and S (otherwise, records will be flagged as missing required values) . The report includes records having a coupon payment due date matching the selected calendar calculation month. The report will also include interest plus Par for records with a Maturity date, Sale date or other finalized reason date falling within the calendar month. Also included are any Net gain for sold bonds as well as Par for reductions to Par for the month. Subtotals are provided based on values in spreadsheet column T. The report can be printed and/or exported to Excel or another spreadsheet, enabling you to "tick off" cash receivables as they come in (it is not necessary to update the system with cash receipts). Records with a Begin Date later than the calendar month will be excluded. Records which have finalized, such as matured or called, in months PRIOR to the calendar month will be excluded. Report 8:  Accrued Interest report (requires General ledger module) What was Earned this month.  Includes Journal Voucher and General Ledger Posting File. Requires values in spreadsheet columns R, S and T (if columns R and S are blank, records will be flagged as missing required values). Typically for business (running this report is optional and not required for the system to operate). The system determines the amount of coupon interest to accrue for the selected calendar calculation month. Also provides a "Total Accrued" which includes applicable Purchased Interest for balancing to receivable accounts. Records will be sorted by the values in spreadsheet column T general ledger accounts. Totals will be provided for each account. A Journal Voucher and General Ledger posting file will also be created. The report consists of records with a Begin Date equal to or earlier than the calendar month. Records which have finalized, such as matured or called, in or prior to the calendar month will be excluded. RECONCILING RECEIVABLE ACCOUNTS: The Accrued Interest Report provides a subsidiary listing for general ledger receivable accounts. CASH INTEREST RECEIVED: Interest receipts can be posted directly to income. The Accrued Interest report and Accrued Interest Reversal report (below) eliminate the need to reconcile cash receipts to receivable accounts each month. Report 9:  Accrued Interest Reversal report (requires General ledger module) Reverse accruals for Cash Due that has been received.  Includes Journal Voucher and General Ledger Posting File. Requires values in spreadsheet columns R, S and T (if columns R and S are blank, records will not appear on this report). Typically for business (running this report is optional and not required for the system to operate). The system determines the amount of accrued interest to reverse for the selected calendar calculation month. Subtotals are provided based on values in spreadsheet column T. Prior month accruals are NOT being reversed. Reversals are created ONLY for records having a coupon payment due plus Matured, Called, Sold and records which Paid off in the selected reversal month. Reversal amount consists of accrued interest previously posted by the system for these records for ALL months, including Purchased Interest posted by you. The system calculates running accrual for bonds through the preceding month to determine the amount to reverse (bonds with accrued interest should not be deleted from the spreadsheet until reversals have been done). Records will be sorted by the values in spreadsheet column T general ledger accounts. Totals will be provided for each account. A Journal Voucher and General Ledger posting file will also be created. The report consists of records with a Begin Date equal to or earlier than the calendar month. Records must also have a Coupon Due date in spreadsheet column R and a column S code greater than 0. Records which have finalized, such as matured or called, in months PRIOR to the calendar month will be excluded.     Report 10:  Reconciliation Report for any month or annual period - Beginning balances plus activity for the period. Balances at the beginning of the desired period, plus additions for new records during the period, minus activity equals ending balances. Primarily used for reconciling changes to Balance Sheet accounts. Report 11:  Market Position Quote report. Compare Market Quote to Cost Basis calculated as of calendar 'dd' day. Requires values in spreadsheet column V and also uses optional values in columns W and X The system will compare a Market Quote for a bond to the Cost Basis calculated as of (TO) the 'dd' date portion of the calendar date. Premiums and discounts are not recognized for the 'dd' date. Determine your portfolio position for each bond, with a total for all bonds. The report excludes these bonds: Blank column V value Matured or otherwise finalized Income and expense recognition, premium and discount balances, cost basis/book values   Price page and free demo  .... Effective Interest Method      Click to open and view Price page      and download a free demo right now Straight Line Method      Click to open and view Price page      and download a free demo right now Bond file calculation services We can calculate a bond file on a one-time basis. Premium and discount amortization for a month.      For an entire calendar/fiscal year. Reports and supportive data are provided in Excel. For more information, Email  Bond file calculation services

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	Client testimonials .... Thank you! This program has just made my life so much easier.  I can finally stop adding up all of my amortization schedules!                   Georgia We installed your software and just used it for the first time.  I can't believe how much work it will save us each month. What used to take hours is now done in a matter of minutes.  Your product performs exactly as advertised!                     Texas Thanks.  Your customer service is fantastic!  Have a great week.                Washington Our outside accountants just completed their audit.  This is the first year we've been using your software AND the first year we received a clean audit report.              New York I'm a partner in a small CPA firm. We were recently engaged to audit municipal bonds issued by a local agency.  Bond discounts needed to be recalculated using the effective interest method. Calculations with annual reports had to be provided for each of the past seven years.  I can't believe how easily your software allowed us to finish the entire job in such a short period of time.             New Mexico   Many thanks for the excellent help and support.  I was really not expecting feedback so quickly.            Tennessee   If you don't see what you need .... Special project?  Pressed for time? We offer      •  Bond calculation services on a one-time or recurring basis      •  Software customization      •  Other amortization software products For more information, email Support@fdssi.com    Amortize all bonds at the same time      •  Effective interest rate calculation for level, constant yield      •  Premium amortization      •  Discount accretion      •  Book Values, Cost Basis as of any month/year      •  Monthly Totals      •  Yearly (calendar or fiscal) Totals      •  Prior months and years      •  Future projections      •  Coupon interest status report                Total amount owed to you      •  Cash due this month report                Coupon interest due, purchased interest, par due to sale, maturity ....      •  Reconciliation report for any month, entire year                Beginning balances, new bonds, amortization activity, ending balances      •  Gains and losses on sales, early calls      •  OID (original issue discount) amortization for applicable bonds      •  Audit and exams           Month-by-month lifetime bond recognition schedules      •  $ Dollar weighted portfolio rates      •  FASB, GAAP compliant     Reports      •  Import screen with ability to change reporting dates and periods (any month, several months, entire year ....)      •  Lifetime month-by-month recognition schedule for any bond      •  Subsidiary listing - discounts and premiums by category      •  Coupon interest status report - total earned for all bonds      •  Cash due this month: Interest, maturing par, sales ....      •  CPA auditor "work paper" annual reconciliation report      •  Portfolio cost basis, book value "as of" any DAY      •  View reports      •  Print reports.      •  Export to Excel, distribute to others      •  Export to Adobe     Software and Price      •  Software and bond files reside on your computer      •  Operates on Windows 7, 8, 8.1, NT and Win 10      •  Single user PC or      •  Multiple user, network sharing device      •  Software support is available but not required    General Ledger Module      •  Trial Balance subsidiary listing report - par, book value, premium and discount balances within each account      •  Journal Voucher with debit, credit posting columns      •  Accrued interest calculations and reports      •  Auditor worksheet - Reconciliation Report for any month or entire year:      •  Balance Sheet:  Beginning balances, new additions, reductions, recognition, ending balances      •  P&L:  Interest, premium expense, discount income, gain/loss on sales, net income for the period      •  Each bond plus File Totals Recap     Records retention      •  No need to save reports or schedules on paper      •  Hard copy retention can be eliminated      •  Whenever a report is needed for any prior month, year or other period:               1)  Import the applicable Excel file containing your bond portfolio at that time                     Many clients "save as" and create a new file each year, and then delete matured and sold bonds from the new file.               2)  Set the software dropdown calendar date to the desired reporting month, year               3)  Run reports and schedules    Daily cost basis, book value      •  Current portfolio value      •  Comparison of Cost Basis/Book Values to Market quotes as of a given day                Enter market quotes or                Retrieve using Excel's RTD function to obtain quotes from an on-line source      •  Gain or loss if sold column      •  Each bond      •  Portfolio totals      •  Daily Cost Basis/Book Value listing for any date      •  EOM Mark to Market reporting    Accounting services firm?  Financial advisor? Do you prepare amortization reports for another party?      •  Import client bond file to the software                     File can be maintained by you or                     File can be maintained by client and emailed to you      •  Generate monthly, yearly bond amortization and other reports      •  Export results to Excel      •  Email to clients                                   Supports both   •  Cost Basis (typically individuals):          Sale of a bond retains unamortized premium, discount   •  Book Value (typically business):          Sale of a bond recognizes unamortized premium, discount                                         Excel  An Excel file and worksheet template come with the software.   •  Maintain bonds in 1 worksheet or multiple worksheets   •  Segregate, aggregate, Group bonds by/for any purpose   •  Import 1 worksheet, some or all worksheets at the same time   •  Browse, open a file, select worksheet(s) from a list                                     Clients?  Using Excel allows bonds and reports to be shared between:   •  Client and CPA accounting firm via email   •  Financial advisors - calculate a portfolio in a few seconds   •  Service providers:           Import client bonds from Excel           Export reports and schedules to Excel with a single click                                        Software Reports      •  Import screen, above (copy/paste bonds or browse/open file)      •  Lifetime month-by-month recognition schedule for any bond      •  Subsidiary listing - discounts and premiums by category      •  Coupon interest status report - total earned for all bonds      •  Cash due this month: Interest, maturing par, sales ....      •  CPA auditor "work paper" annual reconciliation report      •  Portfolio cost basis, book value "as of" any DAY      •  View reports.  Print reports.      •  Export reports to Excel and Adobe for distribution to others                                   Versions   •  Effective interest method, level yield, constant yield   •  Straight line method                            General ledger module      •  Accrued interest report - this month plus total accrued      •  Accrued interest reversals in "cash due" month                Reversals eliminate receivable penny problems      •  Journal vouchers - debit, credit column recaps      •  General ledger posting files      •  Mark to market report   Price and free demo Effective Interest Method, level yield      Click to open and view Price page      and download a free demo right now Straight Line Method      Click to open and view Price page      and download a free demo right now Bond file calculation services We can calculate a bond file on a one-time basis. Premium and discount amortization for a month.      For an entire calendar/fiscal year. Reports and supportive data are provided in Excel. For more information, Email  Bond file calculation services Need a specific answer? 1-800-245-8444 or email (modify) any of these questions initially posed by our clients      MIXED INVESTMENTS:  I have municipal bonds, corporate bonds, a few GNMAs and PIKs.  Can the software ....      RATE CHANGES:  My portfolio has variable rate bonds with coupon rate changes, partial calls and  ....      PREVIOUS YEARS:  I need to amortize bonds using the effective interest method for previous years going back to ....      FIDUCIARY:  I have clients and need to amortize their bonds on a recurring basis and send them ....      SPECIAL PROJECTS:  Can I get the software on a temporary or short term basis for ....      CALLABLE:  Many of my callable bonds do not get called on the call date.  Can the software keep ....      AUDIT:  Is there a way to verify software results?   I need to be able to show ....      GENERAL LEDGER:  We use separate accounts for premiums, discounts, accruals and such.  Does the software ....      ACCRUALS:  Does the software provide interest accruals as well as cash due each month including ....      YEARLY:  I need to be able to recap a fiscal year - beginning balances, new par, income, expense, maturities, ending balances ....      PROJECTIONS:  For budgeting and other purposes, can the software calculate premium, discount recognition for a future ....      NETWORKS:  More than one person needs to access the software.  How many ....      FILE SERVICES:  I just want bonds calculated once and get reports for ....      CUSTOM:  I need bond accounting software that may have to be customized in order to ....      OUTSOURCING:  Instead of buying software, can I just outsource everything to you and get the reports I need in Excel ....      Or, just ask a question                      FEATURES FASB, GAAP compliance for:   •  Current month   •  Prior months, restatements   •  Future months, projections   •  Monthly and annual totals   •  Calendar and fiscal years Premiums and discounts:   •  Effective interest rates   •  Constant yield amortization   •  Premium expense   •  Discount income   •  Balances   •  Par   •  Book value   •  Earned interest   •  OID amortization   •  Totals for all   •  NET earnings recap Interest:   •  Cash due this month           Coupon interest           Purchased interest           Par for maturity, call, sale           Gain or loss on sale   •  Cash due status for all bonds Changes:   •  Rate change   •  Reduction to par   •  Increase to par   •  Early call, redemption General ledger:   •  Subsidiary account listing   •  Schedule with totals   •  Journal voucher   •  Posting totals Balance sheet recognition report:   •  Beginning balances   •  Activity   •  Ending balances   •  Net change   •  Month   •  Year Accrued interest:   •  Earned interest this month   •  Schedule with totals   •  Journal voucher   •  Posting totals Excel interface:   •  Import bonds   •  Export bonds, reports   •  Email bonds, reports   •  Archive as pdf, too Install to your computer:   •  PC, laptop, workstation   •  Shared network drive   •  Not "cloud based" Evaluation:   •  Free demo   •  Free sample reports "Thank you so much for your help. It’s so refreshing to talk to someone who understands!"             Oakland, CA Portfolio reporting includes:      •  Effective interest rate calculations      •  Premium amortization      •  Discount accretion      •  File totals      •  Accrued interest calculations      •  General ledger schedules, journal vouchers and posting files      •  Cash due reporting:                Coupon interest                Purchased interest                Par on sales, calls, maturities      •  $ Dollar weighted portfolio rates      •  Other features and reports SPECIAL FEATURES      •  Individual bond schedules:                Automatically generate a lifetime premium or discount recognition schedule for any bond at any time.                View.  Print.  Save in Adobe.  Save in Excel.      •  Partial calls:                Additional recognition of premium, discount balance attributable to the partial call amount      •  Partial sales:                Additional recognition of premium, discount balance attributable to the partial sale amount      •  Coupon rate changes:                The software calculates a new effective interest rate.      •  Sale of a bond:                Ability to                Retain premium and discount balances as part of Cost Basis or                Recognize premium and discount balances in full      •  Months to calculate:                Ability to                Recognize premiums and discounts for a single month and                Recognize premiums and discounts for a span of 2 months through 12 months.                Begin a period with any current, prior or future month/year     •  Callable, non-callable bonds                Ability to "keep a callable bond going" if not called                Honors partial calls and early calls      •  Convertible - the software first calculates a constant rate which                is utilized in calculating the effective interest rate      •  Premiums - Negative:                A display option can show premium recognition as negative in order to readily distinguish between premiums and discount   GENERAL LEDGER FEATURES:      •  Subsidiary ledger listing of premium, discount amortization with totals by account number      •  Premium, discount recognition journal voucher      •  Premium, discount general ledger upload posting file      •  Accrued interest report      •  Accrued interest journal voucher      •  Accrued interest general ledger upload posting file      •  Accrued interest reversal report for records with cash payments due         Eliminate reconciliation headaches associated with the Accrued Interest account     Options for existing premium and discount balances Option 1         Preserve your existing cost basis book values.         No restatement or adjusting journal entries necessary.         The software can begin amortizing current premium and discount balances. "Thank you! This program has just made my life so much easier. I can finally stop adding up all of my amortization schedules!"                     Georgia Option 2          Calculate prior and current cost basis book values.          The software can amortize premiums and discounts from original dates          using original information. Amortize all bonds at the same time. Get monthly, yearly totals in a few seconds. Option 3           Begin amortizing from an "as of" date.          Typically the beginning of a calendar or fiscal year using balances at year end.  "We installed your software and just used it for the first time. I can't believe how much work it will save us each month. What used to take hours is now done in a matter of minutes. Your product performs exactly as advertised!"                     Texas   Price and free demo Effective Interest Method      Click to open and view Price page      and download a free demo right now Straight Line Method      Click to open and view Price page      and download a free demo right now Bond file calculation services We can calculate a bond file on a one-time basis. Premium and discount amortization for a month.      For an entire calendar/fiscal year. Reports and supportive data are provided in Excel. For more information, Email  Bond file calculation services

Bond purchasers Effective interest method yield to maturity, constant rate, level yield bond accounting software Related pages: Bond issuers page Bond purchasers, straight line method page Software to calculate monthly and yearly      •  Premium amortization      •  Discount accretion      •  Cost basis and book value determination for      •  Municipal bonds      •  Corporate bonds      •  Governments      •  Notes      •  Bills      •  Agencies      •  GNMA's, other mortgage backed securities with monthly reductions to Par Amortize virtually all premium and discount instruments      •  Amortize multiple files within a portfolio                Combine and amortize all at the same time                Amortize each file individually      •  Calendar and fiscal year reporting      •  OID amortization for individuals living in states allowing recognition tied to Original Issue Discount amortization                Amortize your discount at time of purchase and also amortize the bond's original discount at time of issue                Amortize both discounts                      For any month and                      For an entire year Amortize and account for ALL bonds the same time      •  Effective interest rate calculations for      •  Fixed rate bonds      •  Variable rate, step bonds, adjustable, floating rate      •  Zero rate      •  Convertible             The software calculates a blended, constant rate from which to derive monthly recognition      •  Callable - with a call price      •  Callable - without a price Coupon interest tracking and reporting      •  Purchased interest tracking until received      •  Earned interest and totals      •  Cash interest income received and totals      •  Monthly Cash due tickler report showing                Coupon interest                Purchased interest                Par receivable due to maturity, sale or call                Subtotals by bond management company/brokerage firm/depository Special features      •  Callable bond continuation if the bond is not called             Premium, discount recognition is finalized as of the call date             Coupon interest continues to the bond's maturity date      •  Variable rates and             Rate changes due to any reason             Recalculation of the effective interest rate             Coupon interest calculation at the new rate as of the change date      •  Reductions to Par             Early call, redemption             Partial call, redemption             Partial sale             Reductions to par for any reason             A reduction to par generates a proportionate recognition of premium or discount balance      •  Group totals             Group bonds and obtain recognition totals by as many different categories as desired      •  Export             Copy bonds, calculations and totals for desired period and paste to a spreadsheet             Automatically create an Adobe pdf file for permanent storage    Use the software to        •  Amortize your bonds      •  Amortize client bonds         Many of our clients are CPA, accounting         firms and financial advisors Client testimonials .... Thank you! This program has just made my life so much easier. I can finally stop adding up all of my amortization schedules!                     Georgia We installed your software and just used it for the first time. I can't believe how much work it will save us each month. What used to take hours is now done in a matter of minutes. Your product performs exactly as advertised!                     Texas Thanks. Your customer service is fantastic! Have a great week.                     Washington Our outside accountants just completed their audit. This is the first year we've been using your software AND the first year we received a clean audit report.                     New York I'm a partner in a small CPA firm. We were recently engaged to audit municipal bonds issued by a local agency. Bond discounts needed to be recalculated using the effective interest method. Calculations with annual reports had to be provided for each of the past seven years. I can't believe how easily your software allowed us to finish the entire job in such a short period of time.                     New Mexico   Many thanks for the excellent help and support. I was really not expecting feedback so quickly.                     Tennessee Price and free demo  ....                                                       Prices Effective Interest Method      Click to open and view Price page      and obtain a free demo. Straight Line Method      Click to open and view Price page      and obtain a free demo. Bond file calculation services We can calculate a bond file on a one-time basis. Premium and discount amortization for a month.  For an entire calendar/fiscal year. Reports and supportive data are provided in Excel. Typical turn-around time is less than 2 hours. For more information, Email  Bond file calculation services Highlights .... Effective interest method compliance for all bonds simply by placing them into a spreadsheet file with these columns:      •  Cusip or other identifier      •  Par      •  Begin/settlement date      •  Maturity date      •  Coupon rate      •  Price (as $amount or %)      •  Other values applicable to your bonds such as Call date, any Call price, Convertible date and price .... Create the file once. The software does everything else. Account for dozens, hundreds, thousands of bonds      •  Current period      •  Prior periods      •  Future periods Effective interest rate calculation for each bond      •  Fixed rate bonds      •  Variable rate, steps      •  Callable bonds      •  Convertible rate bonds requiring the calculation of constant rate      •  Virtually any premium, discount instrument Premium amortization      •  Monthly expense totals      •  Yearly totals Discount accretion      •  Monthly income totals      •  Yearly totals. OID for investors in need of corresponding recognition      •  Original issue discount amortization      •  Monthly totals      •  Yearly totals Effective rate recalculation due to rate changes, partial call, other reductions to par Coupon interest tracking      •  Both Cash and Earned (accrued) interest      •  Interest due status for all bonds      •  Earned interest income      •  Interest accruals                Accrual reversals                Asset receivable balances Cash due reporting      •  A list of everybody and how much they owe you      •  Cash interest due this month      •  Uncollected purchased interest due      •  Cash due for par resulting from maturity, sales, partial redemptions and calls Gains, losses on sale to provide net position Subsidiary schedules      •  Detail and totals within general ledger account      •  Detail and totals using other subtotal categories Monthly reports      •  Premium, discount recognition.  Balances.      •  Cost basis.  Book Values. Annual reports      •  Calendar and fiscal year recaps      •  Cash received interest +/- discount and premium recognition      •  Earned interest +/- discount and premium recognition Finalized records report      •  All matured, sold and called bonds Bond schedules      •  Audit and exam detail support lifetime schedule for each bond Client accounting      •  Import your client bonds to the software      •  Amortize bonds for any month, any year      •  Generate reports      •  Export results 1-800 and email software support Export bonds, current and prior period recognition, schedules and reports to Excel A proven system in use by business, individuals, accounting firms and other organizations throughout the country   Currently using another method?  Another system?  No system?      The software can recalculate premium and discount balances for current and prior periods.      Or, the software can preserve your current premium and discount balances.              No book value, cost basis adjustments necessary.      Try the free demo available on the Price page, below.      See how easy it is to amortize your own premium and discounts. Nothing to learn      •  Enter basic information about bonds to a spreadsheet      •  Automatically import bonds to software at any time           -  Copy all worksheet bonds           -  Paste to the software            - Copy.  Paste.  Done.            -  Monthly effective interest method calculations            -  Yearly effective interest method calculations      •  View results.  Print results.      •  Export bonds, balances and totals to to a spreadsheet       •  Business, financial institutions, admin services, insurance agencies, other bond purchasers               Automatically import bond worksheets to the software on demand               Calculate effective interest rates               Premium amortization - effective interest method               Discount accretion - effective interest method               Interest accruals               Group totals               File totals:                    Any month                    Any year.  Fiscal.  Calendar.  Or range of months such as a quarter.               Detail lifetime schedules for each bond satisfy audit requests     •  CPA and accounting firms.  Financial advisors.               Business, government, individual investor clients               Import, calculate recognition for their bond files                    Monthly, quarterly totals                    Calendar and fiscal year totals               Recalculate a file for prior years                    Audit                    Due diligence               Export, archive calculations and reports to Excel and other spreadsheets               Exclude bonds which were added after a desired calculation time period                   Example:  A worksheet contains bonds from 2013, 2014, 2015, 2016 and 2017                   When working with the year 2016, you can exclude the 2017 bonds from calculations and view.               Client servicing                    Import and calculate worksheet bonds on behalf of a client for any period                    Export results and file totals to a spreadsheet Enhanced capabilities for business .... General Ledger Posting and Reporting Module includes      •  General ledger journal voucher and posting file for premium, discount recognition                Asset and liability general ledger account numbers                Income and expense general ledger account numbers      •  Subsidiary listing Trial Balance with totals by each set of general ledger accounts                Income and expense totals                Premium and discount balance totals                Book value totals                For any month, quarter or year      •  Interest accruals with journal voucher and general ledger posting file                Purchasers:  Income and receivable general ledger account numbers                Issuers:  Expense and liability account numbers      •  General ledger posting files for all of the above                 Postings have an Undo function to reverse a posting made in error                Postings can be formatted for uploading to any general ledger system      •  Bond issuers:                Separate amortization of bond acquisition charges, issue costs Calculate premium and discount recognition for      •  Purchased or Issued                -  Municipal bonds                -  Agencies                -  Corporate, government, notes, bills, debentures ....                -  Virtually any instrument having a premium or discount          •  Premium amortization using the effective interest method                Amortization for each bond plus a detailed, lifetime schedule                Amortization and balance totals for all bonds with a premium      •  Discount accretion using the effective interest method                Accretion for each bond plus a detailed, lifetime schedule                Accretion and balance totals for all bonds with a discount      •  Constant yield, effective interest rate calculations under FASB 91      •  Coupon rate interest calculation for each bond, plus a total for all bonds                Interest accruals with general ledger posting file      •  Calculate                Dozens, hundreds, thousands of bonds at the same time                Monthly.  Quarterly.  Range of months.  Calendar and fiscal year totals.                Current period.  Prior periods.  Future periods.      •  Fixed rate bonds plus      •  Convertible bonds                The system calculates a constant rate                The constant rate and effective interest rate determine amortization, accretion recognition      •  Zero rate bonds, convertible or otherwise      •  Variable rate bonds, floating rate, steps                Calculation of initial effective interest rate                Effective interest rate recalculation with each rate change      •  Call dates, with or without a call price                Premium, discount calculations to a call date Cost Basis, Book Value      •  Reductions                Bonds with reductions to par, such as a partial sale, recall, paydown                Accelerated recognition of premium or discount balance proportionate to reduction in par      •  Existing bonds               Two solutions:               Recalculate existing bonds using original dates               or               Retain current cost basis, book value.  Convert existing bonds and balances with no journal adjustments.   Simple to use       Basic information for a bond portfolio is maintained       in one or more spreadsheets                Par, settlement, maturity, coupon rate ....       Worksheet templates with headers and column       documentation come with the software                Enter bond data and                Copy/paste bonds from existing worksheets                Add/insert new bonds at any time       User defined Group categories to segregate bonds       and provide totals by/for any purpose.       The software automatically imports a worksheet       and performs required calculations               Constant yield, FASB 91 effective interest rate               Premium amortization               Discount accretion and more               Import and calculate dozens, hundreds,               thousands of bonds in a matter of seconds A single software system provides ....      •  Accounting - Effective interest method portfolio calculations and totals for multiple bonds      •  Calculator - Effective interest method for one bond at a time      •  360/365/366 day basis Portfolio NET totals consisting of      Coupon rate interest      + Discount Accretion      - Premium Amortization      = NET for any Month.  Quarter.  Calendar or fiscal year.  Go back in time.  Go forward in time. Bonds consist of loan packages?  View our Omnibus FASB 91 premium and discount amortization software for   •  MBS, GNMAs, syndicated packages, LSBO, secondary market, grouped originations, bundled loans, bonds with monthly par reductions and more. Premium and discount portfolio accounting   •  Generate income and expense detail plus totals for:   •  Any month   •  Any quarter   •  Any annual, yearly period - calendar or fiscal   •  Historical - view a portfolio as it was at any time in the past   •  360/365/366 days in a year basis at the bond level matches coupon interest basis   •  User defined Group totals Purchased bonds      •  Investors, traders, business, institutions, trust departments, client accounting services ....      •  Calculate discount income, premium expense on a monthly, quarterly, annual basis for all bonds at the same time Issued bonds      •  Municipalities, taxing districts, corporate .... (amortize bond issuance costs, too)      •  Calculate discount expense, premium income on a monthly, quarterly, annual basis for all bonds at the same time      •  Amortize original issue, debt issuance amounts, too Variable rate instruments, such as Steps      •  The system calculates a new effective interest rate with each rate change, including mid-month dates      •  The system switches to calculating coupon interest at the new rate as of the actual rate change day Convertible rate bonds      •  The system calculates a blended, constant interest rate                Premium and discount recognition is the difference between effective rate interest and constant rate interest      •  The system switches to calculating coupon rate interest at the convertible rate on the convertible date Call Dates      •  Premium and discount recognition to a Call Date Call Prices      •  Premium, discount recognition to a Cost Basis Call Price      •  Example:  Purchase 100,000 at 97 with a Call at 102 and the system accretes 5,000 to a Cost Basis 102,000      •  Example:  Purchase 100,000 at 103 with a Call at 101 and the system amortizes 2,000 to a Cost Basis of 101,000 Sale or early call, redemption date      •  The system recognizes the remaining premium, discount balance in full      •   If a Call Price is involved, the system makes all necessary adjustments, including the recapture of any recognized portion of the Call Partial sale, early call, redemption      •  The system accelerates premium, discount recognition by the percentage of: ReductionToPar / Par      •  Remaining premium or discount is calculated over the remaining term      •  If a Call Price is involved, the system makes all necessary adjustments, including the percentage recapture of any recognized portion of the Call Reductions to Par   •  Accelerated recognition of premium and discount balances for   •  Partial and complete sales   •  Partial and complete recalls   •  Other reductions to Par for any reason Comply with these FASB, GAAP recognition methods ....      •  FASB 91 effective interest method, level yield            Calculates effective interest rates for fixed rate and convertible bonds            Amortization and accretion based on the difference between the effective interest rate and coupon rate      •  Constant interest rate method            Calculates constant rates for convertible bonds            Amortization and accretion based on the difference between the effective interest rate and constant rate Easily account for exceptions arising from ....      •  Early calls, redemption  (the software recognizes premium, discount balance in full)      •  Partial calls, redemption  (the software accelerates premium, discount recognition by the call amount percentage)      •  Sales  (the software recognizes premium, discount balance in full)      •  Partial sales  (the software accelerates premium, discount recognition by the par reduction percentage)      •  Periodic reductions to Par for any reason  (the software accelerates premium, discount recognition by the par reduction percentage) •  Purchased bonds      -  Held to maturity or trade/sale/early call date •  Fixed rate bonds    and •  Convertible bonds      -  Including initial rate of zero      -  Convertible rate amortization, accretion at Constant interest rate      -  OID bonds      -  For variable rate bonds when future dates, rates are unknown, view our Omnibus Variable, Floating Rates software page) •  Discount accretion      -  Individual bond level      -  File, portfolio totals      -  General ledger totals      -  Lifetime accretion schedule for a bond •  Premium amortization      -  Individual bond level      -  File, portfolio totals      -  General ledger totals      -  Lifetime amortization schedule for a bond •  OID      -  OID accretion totals (for more on this, view our Original Issue Discounts OID amortization page)      -  Group and track OID with purchased bonds accretion totals      -  Compare recognition amounts between OID and purchased              Monthly              Quarterly              Annual (fiscal and calendar year totals) •  Early call/redemption/sale date      -  Recognize deferral balance in full as of any date for any reason •  Interest at the coupon rate      -  Calculate coupon rate interest and accruals for any period, too      -  Supports 360/365/366 day basis •  Generate:      -  Premium recognition subtotals      -  Discount recognition subtotals      -  Accounting reports      -  Journal voucher posting source document      -  General ledger transaction posting file (supports any chart of accounts) •  Existing bonds      -  Preserve current deferral balances or      -  System can calculate current balances Software to      •  Calculate FASB 91 effective interest rate for all bonds at the same time      •  Effective interest method recognition under FASB 91 for           -  Premium amortization           -  Discount accretion           -  Issue costs - Amortized and tracked separately           -  Group totals           -  File totals           -  Remaining balance and book values      •  Accounting recognition periods:           -  Monthly           -  Quarterly           -  Other multiple months           -  Annual:  Calendar or fiscal year           -  Past, current and future periods      •  Lifetime amortization, accretion schedule for each bond      General Ledger Reporting ....      •  General ledger reporting           -  Subsidiary ledger balancing report                Detail and totals by each general ledger account for                     -  Premium and discount recognition                     -  Accumulated                     -  Remaining balance book values           -  Journal voucher posting source document           -  General ledger transaction posting file                     -  Formatted for uploading to your general ledger system      •  Interest accruals at bond coupon rate:          -  Monthly amount (book to receivable) or          -  Gross accrual from an accrual date (for book and reverse operations)          -  Accrual report, journal voucher posting source document and general ledger transaction posting file      •  NET report - what did you earn on your portfolio?               Coupon interest for the period           +  Discount accretion           -  Premium amortization           +  Gain on Sale           =  NET result for each bond and entire portfolio Your existing records      •  Easy conversion ....           -  Preserve current general ledger balances or           - Have the software recalculate premium and discount amortization from Begin dates. Maintain bond records in one or more worksheets.  At any time, 1)  Import a worksheet 2)  Select a calendar date and calculate      -  Premium and discount recognition for an entire file      -  Issue costs, fee recognition for an entire file      -  FASB 91 effective rate, calculations and compliance      -  Interest accruals      -  All monthly accounting reports      -  General ledger postings           Direct post and           Allocate to multiple cost and revenue centers      -  Lifetime amortization schedule for any bond      -  In a matter of seconds! Getting started is easy.      No adjusting journal entry required.      Be up and running in no time. Export calculation results and reports to Excel, other spreadsheet.      For internal use.      Email to outside auditors. Records retention.      Export reports to a worksheet.      Or save bond worksheets with a unique monthly name.           Import, calculate, report at any future date. During import, the software:      -  Determines premium or discount amount      -  Calculates effective interest rates      -  Provides:           Monthly premium and discount amortization and accretion based on selected calendar date           For each record:                Monthly premium and discount recognition                Accumulated recognition                Deferred premium or discount balance                Book value carrying balance           Summary totals of the above by category:                Premium totals                Discount totals You can also:      Generate amortized income and expense totals for a           Month           Quarter           Calendar or fiscal year           As of a prior or future period      View a lifetime month by month amortization and recognition schedule for any record      Copy and paste results elsewhere More about bond accounting and reporting .... All monthly reports:      View, print, export      Subsidiary listing trial balance by general ledger account      Detailed records plus accounting subtotals      Journal voucher      General ledger debit and credit posting summary recap General ledger posting file preparation      Supports any chart of accounts Interest accruals      Calculate an accrual for the current month only or      Calculate a total accrued using an "accrue from" date      Supports accrue and accrual reversal functions      General ledger posting account numbers or system assigned defaults      Projections: Calculate interest accrual through end of year, other period Early maturity, call date column      Take full premium and discount balances prior to scheduled maturity date      System automatically finalizes a record if redeemed early, sold, called or otherwise disposed Period calculations      Fiscal and calendar years      Determine all balances "as of" a future month, EOY period      Determine income, expense spanning multiple months Allocation capabilities      Distribute income, expense to revenue and cost centers Also available in a version where a file consists of Bonds representing groups and packages (see our Omnibus software):      -  Individual rates, composite, dollar weighted      -  Mortgage backed securities      -  LSBOs           Purchased loans           Participations      -  Other packaged instruments           Held to term           Average life      -  Amortizing      -  Irregular principal receipts stream           Variable amounts           Curtailments, payoffs           Partial sales      -  Weighted rate changes Calculations for desired period      •  Any month      •  Any year      •  Current period, prior periods, future period projections      •  Go back in time.  Go forward in time.      •  Monthly totals, quarterly, other multiple month totals      •  Yearly totals - Calendar year, Fiscal year, Tax year      •  Income and expense for the period      •  Earned Interest      •  Premium and discount remaining balances      •  Cost basis, book values Reports      •  Group totals to aggregate bonds for any user defined purpose      •  Other user defined subtotal descriptions including general ledger accounts      •  Premium amortization, discount accretion report      •  Cash Due this month report includes              Coupon interest due              Uncollected purchased interest              Par which may be due resulting from maturities, sales and calls              Gain on sales (or reduction for Loss)      •  Coupon interest status report showing next due dates with interest amount portion through the reporting month      •  Finalized records report showing all bonds that matured, were sold, called or otherwise paid off      •  Accrued interest report      •  Accrued interest reversal report Easy to operate - Nothing to learn      •  Automatically import all bonds at the same time from a spreadsheet, such as Excel                Maintain bond information in a spreadsheet you already know how to operate                Copy an entire spreadsheet                Paste all bonds to the software import screen - it's that easy                Excel users can open, select one or multiple worksheets and import bonds directly (skip the copy/paste function)      •  Calculate all bonds                File totals                Lifetime amortization and accretion schedule for any bond      •  Run reports      •  Export results to a spreadsheet   Designed for and in use by .... Business, other organizations requiring general ledger reporting      •  Accrual basis accounting      •  Premium amortization, discount accretion      •  General ledger posting files for premium and discount recognition                With subsidiary ledger Balance Sheet account(s) listing      •  Monthly accrued interest with general ledger posting file                With subsidiary listing for Accrued Interest Receivable asset account(s)      •  Accrued interest reversal file with general ledger posting file                Accrued interest through prior months is reversed for bonds with cash due this month      •  Coupon interest status report showing who owes you how how much                With subtotals by income account      •  Cash Due report (a tickler file of who owes you money) listing all funds due each month including                Coupon interest                Purchased interest not yet received                Par due to maturities, sales, calls, reductions for other reasons                Adjusted for any gain or loss on sale    •  A free standing calculator to calculate an effective rate and generate a schedule for other bonds Individual bond owners, investors      •  Premium amortization, discount accretion      •  Coupon interest status report showing who owes you how much                With subtotals by payer      •  Cash Due report (a tickler file of who owes you money) listing all funds due each month including                Coupon interest                Purchased interest not yet received                Par due to maturities, sales, calls, reductions for other reasons                Adjusted for any gain or loss on sale      •  A free standing calculator to calculate an effective rate and generate a schedule for other bonds CPA, accounting firms      •  Use the software to import, calculate, audit and report client files Financial advisors.  Trust departments.      •  Use the software to manage, import, calculate, export client files Price Stand alone and network sharing prices Click to open and view Price page with a free software demo Bond file calculation services We can calculate a bond file on a one-time basis. Premium and discount amortization for a month. For an entire calendar/fiscal year. Reports and supportive data are provided in Excel. For more information, Email  Bond file calculation services Questions? Don't see what you need? 1-800-245-8444 or email Support@fdssi.com Other pages of interest .... FASB 91 products page Omnibus - Loan, bond packages FASB amortization Loan origination fees FASB 91 amortization Enter, calculate one record at a time calculator suite CPA, auditor, financial advisor FASB 91 page FASB 91 custom system FASB 91 services offered

FASB 91 discount and premium effective interest method amortization  software for Windows® PC, laptop, workstation and network sharing by © 1995 - 2019 Financial Data Support Systems, Inc. Home page        |        About us       |        Contact us       |        Site map

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