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Price
Click to open and view
Price page
Includes
free demo link with:
• A live version of the software
• Sample records
• Ability to run detail schedules
For more information,
please call
1-800-245-8444
(Florida, Eastern Time)
or
email
Support@fdssi.com
|
|
GAAP, FASB software for Merchant Cash
Advances with daily and other frequency 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.
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 and
other frequency
payments
End of month
End of year
Designed to eliminate footnote
exceptions on Financial
Statements
Calculate all MCA records at the
same time:
GAAP effective interest rates (IRR)
Discount on Proceeds Balance (Deferred Income Balance)
plus other deferred income, expense
NPV Net Present Value (Face Value +/- Deferral balance)
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
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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
and other frequencies
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
Includes
free demo link with:
• A live version of the software
• Sample records
• Ability to run detail schedules
For more information,
please call
1-800-245-8444
(Florida, Eastern Time)
or
email
Support@fdssi.com
|
|
|
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