In the various versions of TValue, we currently do not do an actual over actual computation where the days and the year length factor in a 366 day year.

There is a workaround in TValue that may be a little painful but will do the proper calculation. Effectively, you need to adjust the interest rate on the first day of the leap year based on a 365/366 basis and then change the interest rate back to the normal Nominal Annual Rate at the beginning of the non leap year. If you cross over multiple leap years, you would have to do it for each leap year.

TValue amortization software is the bedrock product of TimeValue Software. TValue is a relatively simple program to use but can perform simple to very complex time value of money calculations. TimeValue Software offers a wide range of training and educational tools that are highlighted below to facilitate the usage of the TValue product line.

The new Lease Accounting Regulations (ASC 842) require organizations that lease assets, or “Lessees” to recognize the assets and liabilities of those leases on their balance sheets. Most leases, including most operating leases, are now capitalized on the balance sheet.

Modifications and forbearance are hot terms in finance today. Modification is changing the terms on the loan. Forbearance is an agreement where the lender delays their right to exercise foreclosure if the borrower can either catch up to their payment schedule by a certain time or agree to extend the term of the loan.

You can easily transfer your TValue 5 files to TValue 6 and then open them in TValue 6.