With LSS Math of Finance
software, it's easy to generate amortization
schedules and maintain loan balances with payment history. LSS
Math of Finance will calculate regular
payment amounts, interest rates, principal amounts or number of
payments. There are no complicated spreadsheet
formulas to learn. Just fill in the blanks and get fast,
Print entire amortization schedules with one click of the mouse.
Schedules include running principal balance, amount of each payment
applied to principle and interest, and a running total of principal and interest
paid. LSS Math of Finance will even calculate and report unpaid interest carried forward whenever
a payment isn't enough to cover interest.
Every amortization schedule has
room to include up to eight irregular payments, like a balloon
payment or extra payments.
Amortization schedules can be calculated using either
"approximate" or "exact" methods. Many programs use
only the approximate calculation - where each month is considered to have 30
days. The exact method uses the actual number of calendar days between
payments. With LSS Math of Finance software, the choice is yours.
If you need to track a
loan, using the dates and amounts of actual payments received, LSS Math of
Finance lets you maintain and track detailed loan activity. Enter the terms of the
loan and the dates and amounts of individual payments as they are
received, and LSS generates new amortizations based on the actual
Visit our Software Details
page for information about
other LSS Financial Management features.