Companies now Track Notes, Bonds, and Other Debt Instruments with the StockTrack Shareholder Accounting Software Debt Module, Published by Figtree Software
A new module available for StockTrack shareholder accounting software tracks the issuance and transfer of debt instruments (such as notes and bonds); generates interest payments; and provides statements and reports. This module makes it easy for a company that wishes to issue notes and other such debt instruments to handle the required administration such as tracking current ownership; allowing the company to redeem some or all of the debt; issuing and keeping track of interest payments; preparing account statements for note holders; preparing 1099-INT forms and issuing the appropriate files to the IRS via the FIRE system.
Morris Plains, NJ (PRWEB) January 30, 2013
A new module for StockTrack shareholder accounting software enables companies to track the issuance and transfer of debt instruments (such as notes and bonds); generates interest payments(checks and ACH); and provides statements and reports.
The latest version of StockTrack also includes many other new features and ease of use enhancements. A feature overview is available at at http://www.stocktracksoftware.com/ST-features.htm.
“StockTrack currently has the largest number of bank and bank holding company licensees of any full featured shareholder accounting software. The new features make it even more attractive to these groups as well as other self-issuers and commercial transfer agents” according to company President Abby Rosenstein.
Version 14.6 continues the StockTrack tradition of providing many useful enhancements to this shareholder accounting package with each release. StockTrack provides a complete and cost effective Transfer Agent solution. The software supports issuance and transfer of stock, printing of stock certificates, cash dividends (including generating NACHA formatted ACH files for direct deposit), stock options, dividend reinvestment (DRP), tracking of shares used as collateral (pledged) against loans; proxy voting and reporting, stock splits, and all related reporting as well as support for tax reporting. It provides dozens of reports for any an as-of date and generates proxy voting rights and cash distributions on a record date basis. It is in use by Commercial Stock Transfer Agents and Self Issuers, including S-Corporations, across the U.S.
Current licensees consider StockTrack the most complete and cost effective product available. They cite ease of use, extensive feature set, as-of date reports on all aspects of shareholder accounting, flexibility, cost basis information, audit trails, reasonable pricing and great support as reasons they are happy that they selected and use StockTrack. Licensees report that StockTrack is “the easiest to use” shareholder accounting software. They particularly like the system flow which makes the software easy to learn and use.
There are more than 100 reports on all aspects of shareholding accounting including stock ledgers; certificate registers; transaction journals; pro-rata ownership, K-1 Reporting, insider trading and insider ownership; dividend and split reporting; dividend reinvestment; proxy voting and voting card support; warrants and options; pledges; and company overview of outstanding shares. In addition, statements, confirmations, and cover letters can be printed in ready-to-mail formats. Many reports are available as Excel spreadsheets as well as formatted reports.
Go to http://www.stocktracksoftware.com to obtain a FREE trial version, request an invitation to a live feature demonstration over the Internet, or view a five minute pre-recorded StockTrack overview. Contact Figtree Software, 973-539-9311 ext. 7027 or by email to stock(at)figtree(dot)com for more information.
All StockTrack licensees who are current on software maintenance and support are entitled to this update. Go to http://www.stocktracksoftware.com to download.
Figtree Consulting, Inc. is the publisher of StockTrack and is a developer and publisher of custom business software and nationally distributed software products. The company provides web-based and desktop applications for many industries including distribution, publishing, and banking. For more information, visit http://www.stocktracksoftware.com and http://www.figtree.com.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/1/prweb10369074.htm