TURBO-Lease

TURBO-Lease is a lease accounting program capable of processing all types of equipment and vehicle lease portfolios. Designed for use on Microsoft Windows, it is easy to use, yet its power, flexibility, and completeness surpass those costing many times its price.

TURBO-Lease offers complete receivable administration including billing, ACH processing and aging of lease payments, late charges, property taxes, insurance charges, and sales and use taxes.

Monthly accounting reports provide accurate totals of cash receipts, account balances, FASB 13 income, initial direct costs, residual income, and equipment depreciation including alternative minimum tax. Management reports provide summaries of business activity, lease expirations, residuals due, insurance expirations, location and ranking. The system handles complex irregular payment structures such as skip, step, variable, quarterly, and annual. An Excel/Lotus 123 interface and report writer provide valuable flexibility to data analysis.

Other features include, delinquency reporting and a collection module to schedule and track collection activity; forecasting including income, depreciation and discounted cash flows of payments and residuals; payoffs; on-line viewing of payments, charges and past due payments.

Complementing TURBO-Lease are easily added modules for loan accounting, asset tracking, note tracking and an interface to popular general ledger packages. Interfaces are available to front office automation systems, sales tax rate services, property tax and insurance processing.