Loan Management Made Simple for QuickBooks®
LoanAssistant Lite - Interest Calculator
Integrated Accounting Solutions has created a full line of products for loan processing and management. Its “LoanAssistant” is one of the most fully featured interest calculators and amortization software. On the other end of the spectrum is a free online interest calculator which produces interest amortization schedules and has certain printing functionality. We understand that not all lenders have the same software requirements.
For example, some lenders do not use QuickBooks, or they may only work with a small number of loans and are not yet in a position to purchase a full featured product. Integrated Accounting Solutions team has come up with a way to meet the needs of such lenders and have developed LoanAssistant Lite. It is an interest calculator which allows lenders to save their loan setup in Excel file and continue processing their loan payments in Excel. Lenders can also print out payment coupons and mail them to borrowers.
The free download is available from our website. There is no obligation to purchase it unless users are completely satisfied.
LoanAssistant Lite is free for 1 month and can be purchased for only $25.00 after
4 kinds of loan types that LoanAssistant Lite allows for users
LoanAssistant Lite interest calculator allows processing of three types of loans including “Self-Amortized,” “Amortized Balloon,” or “Balloon Interest Only.” Then users need to input the loan amount, the interest rate, the rate basis of the loan, and the compounding options for the loan. Enter the closing date of the loan and the maturity date of the loan, or, in the alternative, input the number of payments to enable the interest calculator to calculate the loan’s maturity date automatically. In less than a few minutes, you will have successfully calculated what a prospective loan will look like in our easy to use interest calculator.
LoanAssistant Lite reports and its export
When the loan is calculated, you will be greeted with an information report. The report will show you the pay date, payment amount, rate, interest payment, principal payment, and remaining balance of the loan for each payment. At the bottom of the grid, you will see how much money will be paid over the course of the loan, and how much of that payment is interest. You will receive a clear picture of the loan schedule, the breakdown between interest and principal in each payment, and the total amount of interest you will make as a lender or pay as a borrower. Lender can print out the newly created amortization table. Additionally, the application can export the payment schedule into a Microsoft Excel document that can be sent to borrowers for their record or used to process any payments received from Borrowers.
Just print payment coupons in LoanAssistant Lite and send to your borrowers
You can also quickly generate and print payment coupons. With one click, you will be able to produce loan payment coupons that include the amount due, the due date of the payment, the address of your borrower, and the address that the borrower needs to send the payment to. It is simple, easy to read, and even easier to keep track of.
LoanAssistant Lite is a versatile and easy to use interest calculator for lenders who do not need our more fully featured loan amortization software; Loan Assistant Lite, or Loan Assistant Professional.