{"id":4592,"date":"2016-10-27T12:00:55","date_gmt":"2016-10-27T14:42:35","guid":{"rendered":"http:\/\/margill.com\/en\/?p=4592"},"modified":"2025-10-10T10:58:36","modified_gmt":"2025-10-10T14:58:36","slug":"accounting","status":"publish","type":"post","link":"https:\/\/margill.com\/en\/accounting\/","title":{"rendered":"Accounting"},"content":{"rendered":"<p>&nbsp;<\/p>\n<h3 style=\"text-align: center;\">The choice of thousands<\/h3>\n<ul>\n<li>Accountants\n<ul>\n<li>Corporate clientele<\/li>\n<li>General public clientele<\/li>\n<\/ul>\n<\/li>\n<li>Tax experts<\/li>\n<li>Forensic accountants &#8211; see the <a href=\"\/en\/law-interest-calculator\/\">Law section<\/a><\/li>\n<li>Financial planners<\/li>\n<li>Law offices, legal departments<\/li>\n<li>Government agencies<\/li>\n<li>Insurance companies<\/li>\n<li>SMEs and large corporations<\/li>\n<li>See also <a href=\"\/en\/finance\/\">Finance<\/a>, <a href=\"\/en\/law-interest-calculator\/\">Law<\/a>, <a href=\"\/en\/financial-planning\/\">Financial planning<\/a>, <a href=\"\/en\/real-estate\/\">Real Estate<\/a>, <a href=\"\/en\/market-collection\/\">Collection<\/a><\/li>\n<\/ul>\n<h2><b class=\"texteOrange\"><span style=\"font-size: small;\">Common accounting calculations<\/span><\/b><\/h2>\n<ul>\n<li>Late tax payments (taxation-office variable-interest rate tables)<\/li>\n<li>Investment scenarios &amp; comparisons<\/li>\n<li>Future value of regular (or irregular) periodic investments over time<\/li>\n<li>Mortgage and loan calculations (regular and irregular payments at fixed or variable interest rates) including APR (Annual Percentage Rate) calculation<\/li>\n<li>Calculation of the unknown interest rate applicable to a loan with regular and irregular refunds<\/li>\n<li>Present value calculations (regular, irregular, indexed future cash flows)<\/li>\n<li>Collection (accounts payable)<\/li>\n<li>Asset finance (equipment, trucks, cars)<\/li>\n<\/ul>\n<h2 class=\"texteOrange\"><span style=\"font-size: small;\"><b>Standards-based<\/b><\/span><\/h2>\n<ul>\n<li><b>International standards and recognized principles<\/b> for the calculation of interest (Americas, Europe, Asia, Australia, Africa)<\/li>\n<li><b>United States banking rules <\/b>(Regulation Z, Truth in Lending Act)<\/li>\n<li><b>European Community rules <\/b>(Directive 98\/7\/CE)<\/li>\n<li><b>Canadian rules<\/b><\/li>\n<li><b>Day count <\/b>conventions : Actual\/actual (also known as Actual\/365), 30\/360, Actual\/360, Actual\/365(Fixed)<\/li>\n<li>Actuarial rule (Normal amortization), Fixed capital or\/and Interest only<\/li>\n<li>APR (Annual Percentage Rate) calculation<\/li>\n<\/ul>\n<ul>\n<li><b>Simple<\/b> and <b>Compound<\/b> interest<\/li>\n<li><b>Unique<\/b> (fixed) or <b>variable<\/b> interest rates<\/li>\n<li>4-decimal-point accuracy<\/li>\n<li>Multi-currency<\/li>\n<li>Printed reports that include quarterly and \/or annual and choice of the financial year-end<\/li>\n<li>Export of the data to Excel,Word, XML, RTF<\/li>\n<\/ul>\n<p align=\"center\"><a href=\"\/en\/specialized-features\/\"><b>Highly specialized features<\/b><\/a><br \/>\n(for total accuracy in Amortization)<\/p>\n<h2><b class=\"texteOrange\"><span style=\"font-size: small;\">Real-life examples of various calculations<\/span><\/b><\/h2>\n<p>Click to see Margill examples:<\/p>\n<ul>\n<li><a href=\"\/en\/collection\/#4\">Late tax payments<\/a><\/li>\n<li><a href=\"\/en\/bonds\/#1\">Calculation of bond premium (schedule of bond premium amortization &#8211; effective interest method<\/a>\n<ul>\n<li><a href=\"\/en\/bonds\/#2\">Calculation of bond discount<\/a><\/li>\n<li><a href=\"\/en\/bonds\/#3\">Zero-coupon bonds<\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"\/en\/mortgages\/#1\">Regular mortgage<\/a>\n<ul>\n<li>USA, Europe, Australia&#8230;<\/li>\n<li>Canada<\/li>\n<\/ul>\n<\/li>\n<li><a href=\"\/en\/mortgages\/#2\">Irregular mortgage with lump sum payments and fixed or variable interest rates<\/a><\/li>\n<li><a href=\"\/en\/mortgages\/#3-1\">Variable-rate mortgage with payments adjusted according to the interest rates in force<\/a><\/li>\n<li><a href=\"\/en\/loans\/#4-1\">Mortgage that includes unknown future interest rates with payments adjusted as these rates become known<\/a><\/li>\n<li><a href=\"\/en\/mortgages\/#4\">Reverse mortgage<\/a><\/li>\n<li><a href=\"https:\/\/margill.com\/calculations\/loans-en.htm#3\">Loan with regular payments<\/a><\/li>\n<li><a href=\"\/en\/loans\/#7\">Loan with APR (Annual Percentage Rate) calculation<\/a><\/li>\n<li><a href=\"\/en\/loans\/#4\">Irregular loan &#8211; <span class=\"texteRouge\">let&#8217;s make this fun !<\/span> refund interest only, then of a fixed principal amount and a regular refund. Let&#8217;s include missed and late payments and even an NSF check!<\/a><\/li>\n<li><a href=\"\/en\/loans\/#4-1\">Loan that includes unknown future interest rates with payments adjusted as these rates become known<\/a><\/li>\n<li><a href=\"\/en\/asset-finance-leasing\/#1\">Asset finance \/ Leasing<\/a><\/li>\n<li><a href=\"\/en\/collection\/#2\">Collection of unpaid accounts receivable<\/a><\/li>\n<li><a href=\"\/en\/loans\/#6\">Calculation of the unknown interest rate applicable to a loan with irregular refunds (determination of the contractual rate)<\/a><\/li>\n<li><a href=\"\/en\/investments\/#4\">Present value of an investment providing projected future returns<\/a><\/li>\n<li><a href=\"\/en\/investments\/#4\">Present value of an investment based on future regular and\/or irregular cash flows<\/a><\/li>\n<li><a href=\"\/en\/investments\/#3\">Future value of regular and irregular periodic investments over time<\/a><\/li>\n<li><a href=\"\/en\/investments\/#1\">Value of historical investment in the Stock market vs. investment in treasuries<\/a><\/li>\n<li><a href=\"\/en\/investments\/#2\">Annual Rate of return<\/a><\/li>\n<li><a href=\"\/en\/investments\/#2a\">Annual Rate of return in complex situations (regular or irregular investments and payouts)<\/a><\/li>\n<li><a href=\"\/en\/other-margill-calculations\/#2\">Indexation rate in % based on cash flows<\/a><\/li>\n<\/ul>\n<table class=\"texteRouge\" border=\"1\" width=\"80%\" cellspacing=\"0\" cellpadding=\"15\" align=\"center\" bgcolor=\"#FFCC99\">\n<tbody>\n<tr align=\"center\">\n<td height=\"148\">\n<h3><b><span style=\"font-size: small;\">Fully exploit the power of Margill!<\/span><\/b><\/h3>\n<p align=\"left\">Once the amortization schedule is calculated, use the<b> <a href=\"\/en\/accounting\/\">right mouse click<\/a> <\/b>to create totally custom payment schedules: interest only, fixed principal, irregular payment amounts and dates, lump sum, missed and extra payments, variable interest rates, new principal, etc.<\/p>\n<h3><b><span style=\"font-size: small;\">TOTAL flexibility available ONLY in Margill<\/span><\/b><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><b class=\"texteOrange\"><span style=\"font-size: small;\">Multiple variable interest rate tables and indexation tables included &#8211; OR create your own<\/span><\/b><\/h2>\n<ul>\n<li>All variable interest rates can be incremented (or reduced) by x% as of any date<br \/>\nFor example, prime + 2,5% starting November 15, 2004<\/li>\n<\/ul>\n<h3><b class=\"texteNoir\">Central Bank interest tables<\/b><\/h3>\n<ul>\n<li>United-States &#8211; Discount rate (Federal reserve)<\/li>\n<li>Great-Britain &#8211; Repo rate<\/li>\n<li>Canada &#8211; Target rate (preferential)<\/li>\n<li>Australia &#8211; Cash rate<\/li>\n<li>Hong Kong &#8211; Base rate<\/li>\n<li>Europe &#8211; Key rates &#8211; Deposit facility &#8211; European Central Bank<\/li>\n<li>South Africa &#8211; Prime rate<\/li>\n<\/ul>\n<h3><b class=\"texteNoir\">Late tax rates<\/b><\/h3>\n<ul>\n<li>US Internal Revenue Service (IRS) underpayments<\/li>\n<li>Canada Revenue Agency (CRA) underpayments<\/li>\n<\/ul>\n<h3><b class=\"texteNoir\">Legal interest rates<\/b><\/h3>\n<p>USA (federal post-judgement interest rates), Canada (Ontario, British Columbia, Quebec), Great-Britain, Australia, France, Belgium, Luxembourg<\/p>\n<h3><b class=\"texteNoir\">Indexation tables:<\/b><\/h3>\n<ul>\n<li>Inflation rates for various countries : USA, Canada, Great Britain, Australia, France, Switzerland, Belgium, Luxembourg,<\/li>\n<li>Historical performance of Stock market indices (annual % change)\n<ul>\n<li>Dow Jones Industrial Index, S&amp;P 500, NASDAQ, FTSE (London), Toronto Stock Exchange (TSE), Hong Kong Hang Seng, Bourse de Paris<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The choice of thousands Accountants Corporate clientele General public clientele Tax experts Forensic accountants &#8211; see the Law section Financial planners Law offices, legal departments Government agencies Insurance companies SMEs and large corporations See also Finance, Law, Financial planning, Real Estate, Collection Common accounting calculations Late tax payments (taxation-office variable-interest rate tables) Investment scenarios [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[193,408,404],"tags":[],"class_list":["post-4592","post","type-post","status-publish","format-standard","hentry","category-knowledge-base","category-margill-law-and-standard","category-margill-loan-manager"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Margill | Our software with accounting market<\/title>\r\n<meta name=\"description\" content=\"Get information on how can our financial software help you with the accounting.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/margill.com\/en\/accounting\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Margill | Our software with accounting market\" \/>\r\n<meta property=\"og:description\" content=\"Get information on how can our financial software help you with the accounting.\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/margill.com\/en\/accounting\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Margill\" \/>\r\n<meta property=\"article:published_time\" content=\"2016-10-27T14:42:35+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2025-10-10T14:58:36+00:00\" \/>\r\n<meta name=\"author\" content=\"Marc G\u00e9linas\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Marc G\u00e9linas\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/margill.com\/en\/accounting\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/margill.com\/en\/accounting\/\"},\"author\":{\"name\":\"Marc G\u00e9linas\",\"@id\":\"https:\/\/margill.com\/en\/#\/schema\/person\/72f5aeeb0d0d040309ac495539c5fb81\"},\"headline\":\"Accounting\",\"datePublished\":\"2016-10-27T14:42:35+00:00\",\"dateModified\":\"2025-10-10T14:58:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/margill.com\/en\/accounting\/\"},\"wordCount\":663,\"articleSection\":[\"Knowledge Base\",\"Margill Law and Standard\",\"Margill Loan Manager\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/margill.com\/en\/accounting\/\",\"url\":\"https:\/\/margill.com\/en\/accounting\/\",\"name\":\"Margill | Our software with accounting market\",\"isPartOf\":{\"@id\":\"https:\/\/margill.com\/en\/#website\"},\"datePublished\":\"2016-10-27T14:42:35+00:00\",\"dateModified\":\"2025-10-10T14:58:36+00:00\",\"author\":{\"@id\":\"https:\/\/margill.com\/en\/#\/schema\/person\/72f5aeeb0d0d040309ac495539c5fb81\"},\"description\":\"Get information on how can our financial software help you with the accounting.\",\"breadcrumb\":{\"@id\":\"https:\/\/margill.com\/en\/accounting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/margill.com\/en\/accounting\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/margill.com\/en\/accounting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/margill.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Accounting\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/margill.com\/en\/#website\",\"url\":\"https:\/\/margill.com\/en\/\",\"name\":\"Margill\",\"description\":\"Loan Servicing Solutions \/ Interest Calculators\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/margill.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/margill.com\/en\/#\/schema\/person\/72f5aeeb0d0d040309ac495539c5fb81\",\"name\":\"Marc G\u00e9linas\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Margill | Our software with accounting market","description":"Get information on how can our financial software help you with the accounting.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/margill.com\/en\/accounting\/","og_locale":"en_US","og_type":"article","og_title":"Margill | Our software with accounting market","og_description":"Get information on how can our financial software help you with the accounting.","og_url":"https:\/\/margill.com\/en\/accounting\/","og_site_name":"Margill","article_published_time":"2016-10-27T14:42:35+00:00","article_modified_time":"2025-10-10T14:58:36+00:00","author":"Marc G\u00e9linas","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Marc G\u00e9linas","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/margill.com\/en\/accounting\/#article","isPartOf":{"@id":"https:\/\/margill.com\/en\/accounting\/"},"author":{"name":"Marc G\u00e9linas","@id":"https:\/\/margill.com\/en\/#\/schema\/person\/72f5aeeb0d0d040309ac495539c5fb81"},"headline":"Accounting","datePublished":"2016-10-27T14:42:35+00:00","dateModified":"2025-10-10T14:58:36+00:00","mainEntityOfPage":{"@id":"https:\/\/margill.com\/en\/accounting\/"},"wordCount":663,"articleSection":["Knowledge Base","Margill Law and Standard","Margill Loan Manager"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/margill.com\/en\/accounting\/","url":"https:\/\/margill.com\/en\/accounting\/","name":"Margill | Our software with accounting market","isPartOf":{"@id":"https:\/\/margill.com\/en\/#website"},"datePublished":"2016-10-27T14:42:35+00:00","dateModified":"2025-10-10T14:58:36+00:00","author":{"@id":"https:\/\/margill.com\/en\/#\/schema\/person\/72f5aeeb0d0d040309ac495539c5fb81"},"description":"Get information on how can our financial software help you with the accounting.","breadcrumb":{"@id":"https:\/\/margill.com\/en\/accounting\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/margill.com\/en\/accounting\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/margill.com\/en\/accounting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/margill.com\/en\/"},{"@type":"ListItem","position":2,"name":"Accounting"}]},{"@type":"WebSite","@id":"https:\/\/margill.com\/en\/#website","url":"https:\/\/margill.com\/en\/","name":"Margill","description":"Loan Servicing Solutions \/ Interest Calculators","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/margill.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/margill.com\/en\/#\/schema\/person\/72f5aeeb0d0d040309ac495539c5fb81","name":"Marc G\u00e9linas"}]}},"_links":{"self":[{"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/posts\/4592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/comments?post=4592"}],"version-history":[{"count":1,"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/posts\/4592\/revisions"}],"predecessor-version":[{"id":20609,"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/posts\/4592\/revisions\/20609"}],"wp:attachment":[{"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/media?parent=4592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/categories?post=4592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/tags?post=4592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}