OneOnOne Software

Loan comparison tool. Loan feature demonstrator. Loan account tracking.

Evaluation Procedure

We suggest you print this procedure and mark off each step as you complete it.

Setup:

Run setup.exe to install OneOnOne.

From the Main Menu Bar :-

Select Setup | Preparer and enter your name and phone number.
Select Setup | Year begins and check your desired setting.
Select Setup | Date Format and check your desired setting.

Evaluation:

You can get a very quick appreciation of the capabilities of OneOnOne by viewing the example files provided and following the instructions below :-

1) Use File | Open/New
2) select Examples\ARegularLoan_v_LOC.1v1, this is an example file containing a comparison between a regular mortgage loan and a Line of Credit Style transaction account.
It is a simple treatment in this case, with the regular deposit being a single net salary, and a single outgoing a month later representing the borrower’s expenses (see step 14 below for a more detailed Line of Credit example).
3) Press the Loan 1 button - this is the regular term loan - note the description in the title bar.
4) Click on the Display : Events tick box - view the events associated with the loan,
5) Click on the Display : All tick box - view all transactions associated with the loan.
6) Press Chart and view the Amortisation Chart. Then press OK.
7) Press Close and return to the Main menu.
8) Press the Loan 2 button - this is the Line of Credit style account.
9) Click on the Display : Events tick box - view the events associated with the loan,
10) Click on the Display : All tick box - view all transactions associated with the loan.
11) Press Chart and view the Amortisation Chart. Then press OK.
12) Press Close and return to the Main menu.
13) Press Compare Loans and view the comparison of the two loans in the file - a chart and a summary of the difference in loan duration and interest charges. Press OK.

14) Use File | Open/New and select Examples\ARegularLoan_v_LOC_detailed.1v1
this is an example file containing a comparison between a regular mortgage loan and Line of Credit Style transaction account. It is a more involved treatment in this case, with the withdrawals in the loan transaction account being a detailed list of the borrower’s expenses.
15) repeat steps 3) to 13) above.

16) Repeat steps 3) to 13) for the following example files :-

Current_v_Refinance.1v1
DemoExtraRepay.1v1
DemoIncreaseRepayment.1v1
ProductOne_v_ProductTwo.1v1

Please use the Help buttons, which you will find on most screens.


You can create your own files and set up the comparisons as you wish.

The example files provided are useful starting points for your own file templates. ie. you can copy
examples\ARegularLoan_v_LOC_detailed.1v1 into a file called JohnSmith_LOC.1v1. Then modify the expenses and salary entries in this new file to John Smith’s particular circumstances.
Use File | Save As to copy one file to another.

Setting up your own OneOnOne files.

Lets look at the procedure for setting up a file with 2 loans for comparison.

1) From the main menu bar, select File | Open/New.
2) Type in the filename MyFile and press OK. Answer yes to create the file.
3) Press the Loan 1 button.
4) Select Loan | Describe from the menu bar.
5) Type in any description you like and press OK.
6) Double click on Setup in the listbox.
7) Enter a loan amount and period.
8) Select a payment period and a compounding period. (if you are not sure about the compounding period, making it the same as the payment period is OK for now).
9) Enter an initial rate and period (optional, you can leave them zero).
10) Enter the interest rate which applies for the remainder of the loan period.
11) Press Calculate (the setup screen is a calculator as well).
12) Happy ? then press OK, otherwise modify the numbers to suit.
13) Select the Initial Borrowing event and type in a purpose (say, New home). Press OK.
14) Select Display : Events
15) Double Click on any event marked with an * and look at the modify options available.
16) Right button click on any event and look at the Event Options available.
17) Press Close and return to the Main Menu.
18) Press the right arrow button (middle of screen).
19) Answer yes to copy loan 1 to loan 2.
20) Press the Loan 2 button.
21) Select Loan | Describe and call it Scratch Pad (or anything else you like).
22) Click once on the first event, then a right button click and select New Event.
23) Select Deposit. Under description, put say, Tax Return, under date, just add two years to the date displayed. Press OK.
24) Press Close and return to the Main Menu.
25) Press Compare Loans

To tag a file with a client name, use File | Client Name on the main menu bar.

To include a footnote at the bottom of printouts, use Setup | Footnote on the main menu bar.

If you are also evaluating the optional consolidation and split loan modules then you will want to see the evaluation prodedures for them as well.