AccuFund has upgraded the Loan Tracker module in the latest version of its accounting software for nonprofit, municipal and government organizations.
The Loan Tracker module is part of Version 3.09 of the AccuFund Accounting Suite. The module is mainly geared toward use by economic development organizations, housing agencies and tribal communities.
Loan Tracker supports multiple types of loans, including revolving lines of credit, commercial loans and mortgage loans. The module tracks multiple disbursements for construction or project-based loans. Loan Tracker supports loans at variable rates based on multiple indexes, such as the Wall Street Journal Prime Rate and the London Interbank Offered Rate.
Users setting up loans in Loan Tracker can create and monitor an unlimited number of fields of information. Different fields can be tracked for each loan type.
Loan Tracker allows users to see the current balances on loans and to view a customers payment history at any time. Users can also build and rebuild amortization tables displaying the loan repayment plan and print payment coupon books.
Loan Tracker offers aging, delinquency and other types of reports. Users can print a loan payoff report and e-mail loan statements to clients at any time. Organizations can also offer customers the option of making automatic payments on their loans via direct debit of their bank accounts.
The AccuFund Accounting Suite Version 3.09 is available in both standard and professional editions, for $2,995 and $6,595 respectively. Loan Tracker is also available as a stand-alone product for $4,995. Both the AccuFund Suite and Loan Tracker are available as online services.
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