FINPACK offers a number of cash flow tools to aid in evaluating borrowers’ financial position. This article explains the cash flow tools available in the commercial version of FINPACK, and offers advice on which tool may be the right tool for your analysis.
The latest FINPACK update is version 6.4.9. The update will be applied automatically for FINPACK+ users. For users of FINPACK installed, you’ll need to update via the HELP menu inside FINPACK. Launch FINPACK and select ‘Software Updates’ under the HELP menu. Click ‘Check for Updates’, then follow the steps to install.
Using workflows in FINPACK+ increases efficiency and transparency across the loan decisioning process, helping you create a standardized decision process from request to closing.
Kevin Hamilton and Adam Moua from the FINPACK Support Team answer some frequently asked FINPACK questions.
The new FINBIN data is live, the latest FINPACK update, how to determine Schedule F Income in FINPACK, and last chance to register for FINPACK Lender Training!
Today’s post focuses on Schedule F income utilized in the Schedule F Cash to Accrual tool. This FINPACK tool takes cash income from Schedule F, along with beginning and ending balance sheets, to arrive at accrual adjusted income for the year.