I need personal lending software
I am doing some "Friends & Family" personal lending this year. This is small loan amounts with short terms.
Does anyone know where I can get a reasonably priced software program that will help me with the accounting process for balloon notes, fixed term and interest only, accrued interest, periodic payments, prepayments and so on? I really dread having to get my calculator out when it's time to calculate payoffs & late payments and default rates.
I used to have Notesmith 10+ years ago but I didn't use it enough to keep up with the updates and subscriptions. It was known to be the best of software at the time. Additionally, I found it difficult to learn. I also have mortgage lending software but it does not really apply to personal notes.
Thanks,