Loan Accounting

Maintain custom charts of accounts and feed journals to downstream subledger. Generate loan-level journal entries for purchases, sales, and monthly remittances.

Track daily loan P&L from interest accrual, mark to market, or amortization of purchase premium.

Product Highlights

  • ► Generate Balance Sheet and Income Statement reports

    ► Analyze balance trends over time

    ► Deliver journals to downstream subledger systems

Reporting

  • ► Maintain a Chart of Accounts specific to your General Ledger

    ► Model different accounting treatments

    ► Hold loans in multiple entities and cost centers

    ► Maintain two different books for the same loans with different treatments

Subledger Tracking

P&L Activity

  • ► Load daily marks and automatically calculate unrealized gain/loss entries

    ► Perform month-end accretion of purchase premium for loans held for investment

    ► Calculate daily interest accrual