Navigating the complex world of accounting

Loans are lifelines of every business, irrespective of whether the business has just started or trying to break even or running profitably or planning to expand. They involve numerous rules, regulations and requirements. In addition, the accounting complexity varies based on the very nature of the loan. Accounting Standards enable presentation of relevant financial information to users but they are not without complications.

Let us briefly look at the law, the labyrinth, and the light.

Law and the labyrinth

The Light at the end of labyrinth

At every stage of a loan, right from the time it is obtained till it is repaid in full, Kuber TMS™ has it all in place.

The solution is designed to recalculate new effective interest rate at the input of every single variable. This rate is applied to the gross carrying amount at the beginning of each period to determine the interest expense for the said period.

Throw in as many variables as there are! They could be repayments - scheduled or adhoc or balloon repayments; They could be periodic benchmark interest rate updates. Whatever it is, we have got you covered every single time!

Click of a button

Record a repayment - the effective interest rate is recalculated, and accounting entries are automatically generated based on that.

Record periodic benchmark interest rate update - the effective interest rate is recalculated, and accounting entries are automatically generated based on that.

Absolutely no manual calculation or recording of journal entries needed. Just enter the repayments/interest rate updates and the rest is set for the month.

Download schedules and reports, literally at the click of a button, for your financial reporting needs.