AAS17 Lease and Hire Purchase Accounting
This program accounts for Lease, hire purchase, and chattel mortgage contracts, including the apportionment of interest and input tax credits. The program complies with Australian Taxation Office requirements.Features include
Loans Calculator Module
This is the comprehensive loans package that every accountant needs. From bank loans to shareholder loans this package can handle them all. Check to see if the banks have charged you the correct amount of interest on your mortgage loan. See how long loans will take to pay off with different payment regimes.
However, the main function of this application is about recording loan transactions on a day by day basis.
Features Include -
Also check out these extra features under the Quick Calcs menu....
Calculate the Missing Element -
Find the missing Principal, Interest Rate, Term, or Regular Repayment when you know the other three in a regular monthly amortised loan.
You may also select different repayment frequencies. Great for determining how to pay off a loan in record time.
Calculate the monthly repayments for loans. Displays a table showing the results for increasing Principal and interest rate amounts.
Quick Loan Calculation
If you are just looking for a quick result to how long it takes to pay off a loan with payments or interest rests being made weekly, fortnightly, four weekly, monthly, quarterly, half yearly or annually, then look no more. You can display/print the loan schedule and save it to file if required.
Lease Hire Buy Comparisons
Sometimes you need to be able to determine if a lease contract is going to be better than a hire purchase contract. Maybe it is better to buy, or maybe a chattel mortgage is better. This program will help you with that decision.
Features include -
1. Compare multiple contracts of all types
2. Amortisation reports
3. Evaluation reports
4. Comparison reports
5. Quick Calculation of lease and HP repayments