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Eagle Accounting has several fields defined at the entity's accounting basis level that apply to factors:

  • Gain Loss on Paydown (tag 1871). Required. This field determines whether Eagle Accounting treats the gain/loss caused by a paydown transaction as gain/loss, or takes the gain/loss caused by a paydown transaction as accelerated amortization.
  • Paydown Gain Loss Account (tag 4519). The Paydown Gain Loss Account (Capital or Income) field drives general ledger posting for a gain/loss caused by factor processing.

For information about setting up entity/basis settings for use with MBS/ABS securities, see "Mortgage-Backed (MBS) and Asset-backed (ABS) Securities." For general information about setting up entity and accounting basis level options, see "Entity-Accounting Basis Elections."

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