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Bank Reconciliation Template Excel is a superb tool for gathering a lot of information about an individual client or business associate. This tool is a most wonderful way to get that much needed objective information to help you as an asset manager, investor or board member to determine the worth of a client. With this form of information bank software, you can gain access to important data such as; current client’s income, investment, assets, liabilities, etc…
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Another great feature of this form of software is that it allows you to access the full range of relevant information on your clients and companies from credit cards, other financial transactions, receivables, checkbooks, or other information. A lot of specialized data providers also provide access to company assets such as real estate, stocks, bonds, etc… If a client owns more than one piece of property, you can find out what properties they are managing via the data in their business account.
How does this help you to decide whether a client is financially stable or not? All of these pieces of information are gathered and funneled into a unique system that is built for you to access. So, when you begin to gather this information you will have access to not only the current profit and loss statement and balance sheet information but also to a myriad of other pieces of the financial information about an individual client.
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All of the important data that you get in this Excel application is built in such a way that it allows you to easily browse, sort, compare, and compare multiple reports. You can compare a client’s current assets with their current liabilities and use this information to see whether they may be potentially unstable or not.
Certain clients may be using either one or both assets as collateral for loan repayment, while others are using only one type of asset. With this information, you will have access to a comprehensive picture of a client’s financial status and can make a more informed decision about whether or not to work with them as a client.
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The information that is collected about a borrower’s assets will be used to determine the amount of equity they own. This equity percentage is determined by the total value of the assets held by the borrower, including homes, vehicles, shares, etc…
This information helps you to know the current real estate value of properties owned by a client. With this information, you can see if the client is either on the brink of foreclosure or if their real estate portfolio is actually worth what it’s selling for.
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The information gathered by bank reconciliation software is essentially updated daily based on current loan balances and income sources. This is done so that you can rest assured that you are receiving the current and relevant information that is accurate.