Loan Management Made Simple for QuickBooks®
Loan payoff calculator for you
Integrated Accounting Solutions has created a full line of products for loan processing and management. It is hard to overestimate the number of times when borrowers inquire from lenders about their loan pay off amounts. Integrated Accounting Solutions has developed a loan pay off calculator which allows lenders to save their loan setup in Excel file and continue processing their loan payments in Excel. It allows them to always have loan pay off available at the click of the button at any time. It also allows borrowers to keep track of their loans and their pay off amounts. On top of that, lenders can print out payment coupons and mail them to borrowers. LoanAssistant Lite can be downloaded for a free 1 month trial from iasolutions.info website and can be purchased for only $25.00 after. There is no obligation to purchase it unless users are completely satisfied.
Personal loan calculator
LoanAssistant Lite loan payoff 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.
Loan payment calculator
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.
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. Integrated Accounting Solutions team developed LoanAssistant Lite for student loan lenders and borrowers who do not need a full featured software.