Designed for Certificates of Deposits, this package will effectively manage any number of sizes, classes, or types. Each CD may compound daily, monthly, quarterly, semi-annually, or annually, and may be subject to early cancellation penalties. Additional deposits may be made and kept on record until the CD is renewed, and accrual reports may be generated upon request. Interest may remain accrued, transferred to CD principal, or paid to a designated person. Records are kept of pledged CD’s, income tax withheld, and interest paid. Truth in Savings is incorporated with APY calculations.
Available Options
- 1099 Production with Electronic media for IRS
- Check writing
- General Ledger Interface
- Savings Interface
- Report Writer (for UNIX platforms)
- Client/Server (ODBC) Report Creation for WINDOWS platforms)
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