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READ.ME
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1990-09-14
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10KB
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The Loan master system is self installing. Place the distribution
disk in drive A:, log onto drive a: and type the command MENU.
The installation menu will be displayed with options for a hard disk
or a two floppy disk system.
The manual is on the disk and it is also printed from the
installation menu.
If you received this software from a Bulletin Board system and the
installation procedures are not intact. The manual contains
instructions on manual installation. The manual is in the file
called lmmenusw.man and can be printed by the command:
copy lmmenusw.man prn (return)
If your system cannot utilize either the hard disk or the floppy
disk configurations provided by the installation menu, print the
manual. It will list every file used by Loan Master and tell you
where it must be loacated. You can configure Loan Master for any
system.
*****************************************************************************
* NOTICE *
* *
* The manual tells you that this software does not work for computer *
* experts who do not read the manual. It is not kidding. This software *
* will not produce the results you expect unless ALL the dates are *
* set correctly. You CANNOT SET THEM CORRECTLY UNLESS YOU READ THIS *
* MANUAL. Pay close attention to the section on setting up new loans *
* beginning on page 63. Also read the section titled problems with test *
* data on page 105. *
* *
* WHEN THE PROGRAM IS EXECUTED, IT WILL TELL YOU THE DATE AND ASK YOU *
* TO VERIFY IT IS CORRECT. FOR THE TEST DATA TO WORK CORRECTLY YOU *
* MUST RESPOND WITH THE DATE: *
* *
* 01-01-88 *
* *
* FAILURE TO SET THIS DATE WILL RESULT IN NOT RECEIVING PROPER PAST *
* DUE NOTICES AND WILL BE DUE NOTICES. *
* *
*****************************************************************************
*****************************************************************************
* NOTICE *
* *
* Loan Master requires as many as 12 files to operate. *
* *
* DOS will not allow this many files to be accessed unless it is *
* instructed to do so by the CONFIG.SYS file. This file is found *
* in the root (main) directory of your boot disk. The CONFIG.SYS *
* file MUST CONTAIN A LINE WHICH SAYS: *
* *
* files=20 *
* *
* The actual number may be 20 or any larger number. *
* *
* If the number is not large enough, the program will crash with an *
* error message that looks like: *
* *
* ... database required ... *
* *
*****************************************************************************
Loan Master Loan Accounting software is a "bank type" loan
accounting system for simple interest loans. It stores and
computes interest and late charges on simple interest loans of any
type.
Loan Master performs these functions:
Compute interest accruals
Report Past due status
Compute and report late charges due
Accept interest, principal and late charge payments
Maintain current balance and year to date totals
Print trial balance and past due report
Print Past due notices
Print a custom past due notice using your text.
Print will be due notices.
Print loan transaction statements
Print year end interest paid notices for borrowers.
Stores all data necessary to maintain the current status of any
simple interest loan.
Provides three user definable fields which can be posted to
maintain balances and ytd totals for individual needs such as:
Escrow balances
Returned check charges
Prepayment penalties
Collections expenses
Servicing fees
Dealer reserve or income participation
etc, etc, etc,
(remember 3 total postable fields)
Provides six numeric tickler fields. You can assign names and
insert any numeric data. (No calculations are done.)
Provides two 30 character alpha fields. You assign the names.
Planned future features:
On screen collections. Computer will report who is past due and
prompt you call them. It will then record your collections
activities and the borrowers responses.
Loan master 78 Support for rule of 78ths loans.
Report writer to allow each user to create individualized custom
reports utilizing any data in the database.
Additional functions provided by other products:
Maintain records of all loan documents and report impending
expiration dates for any type document.
Maintain a watch list of non performing or troubled loans.
Calculate and print amortization schedules for any type loan,
including loans with totally irregular schedules and multiple
draws. (Lines of credit or revolving lines of credit.)
On line manual.
Some computers have color capable vidio display electronics with
monochrome monitors. These computers sometimes do not display all
colors visibly.
The On Line Manual is normally displayed with red text on a white
background. Some computers cannot display the on line manual menus
in this color scheme. The manual describes the instalation of
a special monochrome version of this manual so these computers
can display the manual properly. Unfortunately, the system will not
fit on the distribution disk. The shareware version therefore is
shipped with only the monochrome version of the manual. This version
will work on any monitor. The registered version comes with both
versions.
Who uses it?
The Loan Master Loan Accounting application is a vertical
application package of use to anyone who owns or services loans
of any type or who sells any product on time payments.
Loan Master works exactly like a bank's loan accounting system.
It computes interest, it maintains past due and will be due
status for every loan. It prints trial balances and pastdue
reports. It prints past due notices, will be due notices, loan
transaction statements, and year end interest statements.
The Loan Master Loan Accounting application is useful to:
Real estate brokers and investors.
Banks, S&L's, Credit Unions, small loan companies.
Auto, boat, motorcycle dealers.
Retailers who sell on time payments, jewelers, home appliances,
business equipment, sports equipment, etc.
Franchisors who sell franchises on time payments.
Bookkeepers, accountants, and attorneys.
Catalog descriptions:
Very short:
A bank type loan accounting application. Accruals, past dues, etc.
Brief:
This is a complete loan accounting system. It works just like the
bank's. It will keep a permanent record of every transaction for any
simple interest loan. LOAN MASTER will account for one loan or as many
as your disk will store.
Complete:
LOAN MASTER keeps up with the current balance, the interest accrued,
interest and principal due and unpaid, past due status, interest paid
and interest paid year to date, late charges due and paid or unpaid and
everything else you need to know about the status of the loan.
LOAN MASTER prints these reports.
Past due notices.
Pre billing (will be due) notices.
Trial balances.
Past due reports.
Year end interest statements.
Loan transaction statements.
LOAN MASTER calculates interest just like the bank, it accrues one
day's interest every day on the unpaid balance. You may specify either
360 or 365 day basis. You DO NOT need to run this program every day to
accrue interest daily. If you miss a few days, or a month, it will catch
up for you. LOAN MASTER also supports interest only schedules popular
with real estate investors and interest free schedules popular with
retailers. (90 days no interest, etc.) It also supports multiple advance
loans.
LOAN MASTER has a completely modern, menu driven user interface. It
allows true full screen editing on all data entry screens. It has true,
context sensitive help screens for all data entry fields. In addition to
the help screens, a complete operating manual is available on the screen
at the touch of a single key.
If you are using an amortization program to keep up with more than
one loan, you need LOAN MASTER.