Intercompany loans Very often, when a company has many subsidiaries, branches or franchises, the head office will afford loans to these other entities. These subsidiaries in turn can lend to other entities and so forth. These intercompany loans often represent quite a challenge to the accountants and controllers since the loans are not part of […]
About Marc Veilleux
This author has yet to write their bio.Meanwhile lets just say that we are proud Marc Veilleux contributed a whooping 15 entries.
Entries by Marc Veilleux
Question: How to do erratic payments in Margill Standard/Law Edition Answer: Pretty simple. Once you entered all your loan data. Click Compute, and you will get to the payment schedule: From there, you can change the Pmt date, the Payment amount, and the Rate. You can even use the right click button to get many […]
We would like to welcome Strada Education Network as a new user of our Loan Servicing Software, Margill Loan Manager. Strada is a non-profit organization that works to help students through their education path. They offer many different types of solutions to improve student outcomes in higher education and facilitate successful career transitions. More information […]
Testing and tweaking is now a thing of the past. Version 4.3 of Margill Loan Manager is now available to download in our Download Center To see the full list of new features, please visit our Release Notes. We are already working on Version 4.4, which should be released in late October 2017. The Margill Team.
Here is the documentation regarding the webinar of version 4.3 of Margill Loan Manager: PDF presentation
We did a Margill Loan Manager webinar back in December regarding version 4.2 If you missed it, or you would like to see its content, you can refer to the following video and document: PDF presentation Video presentation
To all Margill Law Interest Calculator users, we have updated the 4.56.110(3)(b) interest rate table to correct the error discovered. In March 2017, while reporting the Historical Judgement Rates to the Office of the Code Reviser, they discovered an error in the rate from February 2016 through March 2017. If you want the latest version, […]
Question: How to setup weekly or biweekly payments in Margill Loan Manager? Answer: When creating a new record, set up the Period of Payments at ”By day(s)” and input 7 for weekly or 14 for biweekly payments. We also suggest that you setup the Compounding Period to match the Period of Payments.
We already mention on our website that we sell in 38 countries, but it is always interesting to see our software at work overseas. Its flexibility and powerful mathematics make our Loan Servicing Software useful for our new client in South Africa, Forward Finance. Welcome from the Margill team! For more testimonials: https://www.margill.com/en/client-testimonials/
Question: Why are there two sets of Custom fields in Margill Loan Manager?
- Can Margill software be used for HOA (Home Owners Association) collections along with the interest calculation?April 19, 2019 - 4:20 pm
- Setting up automatic emails (reminders) to your borrowersMarch 1, 2019 - 2:08 pm
- Total Flexibility in your Payment SchedulesFebruary 28, 2019 - 7:52 pm
- CANADA : Alert to borrowers and lenders: Significant changes to lessee accounting standardsFebruary 20, 2019 - 5:52 pm