Interest & Calculation Blog

Loan Servicing with Excel? Pitfalls and alternatives

Loan Servicing with Excel? Pitfalls and Alternatives I’m a great fan of Excel. I think it is the most important and useful software ever developed. I first started using spreadsheets many years ago with Lotus 123 which was a great tool that lost the spreadsheet war to Microsoft. Excel can be used in so many […]

A little banking humor! His name was Boudreaux…

His name was Boudreaux. He was from Cutoff, Louisiana … and he needed a loan, So……..  He walked into a bank in New York City and asked for the loan officer.  He told the loan officer that he was going to Paris for an International Cajun festival for two weeks and needed to borrow $5,000, and that he was not a […]

Intercompany Loan Management with a Loan Servicing Software

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 […]