Getting the Balance Right - Calculating and Servicing Loans with Moneylender Professional

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Издатель Jan 4, 2025

We'll walk through Moneylender's calculation system and see how to tell if we set it up right, how it works internally, and how we can control Moneylender's calculator so our balances match our contracts and our preferences.

It might be best to watch this video after the Quick Start Guide.

Switching from Excel or some other loan calculation software to Moneylender Professional can be a troubling process. The first and most important step is to make sure Moneylender is giving you good balance calculations. This video shows how to see what results you're getting, how to look at each calculation Moneylender is performing, how to control all the aspects of your loans from interest calculations to late fees to payment applications.

Service your loans with the confidence that you're getting the right numbers from Moneylender by understanding how to control it and how to double-check its math.

02:39 Amortization Problems
05:54 Many Bank Accounts
08:01 Amount Due is an Abstract Number
08:46 Overpayment Handling
10:53 Matching Ledgers with Payment Distribution
11:56 Loan Engine and Modules
16:01 Periodic Interest Module Ignores Dates Basis Changes
16:47 Smoothing the Daily Interest Calculations
18:30 Extra Knobs and Dials Once a Loan is Created
20:45 Late Fee and Escrow Charges are rules that apply to Due Dates
24:23 Late Fees vs. Small Outstanding Amounts
27:27 Adjustments to Intentionally Deviate from Contract Terms