Small business owners struggle to accurately allocate mortgage payments between principal and interest without lender statements, creating accounting headaches when managing multiple mortgages.

Workarounds Described

• Estimating allocation based on outstanding principal and interest rate
• Waiting for new billing statements to see lender's allocation
• Updating allocations during adjusting journal entries (AJE)

Implied Software Gaps

• Automated mortgage payment allocation calculator that works without lender statements
• Real-time integration with lender data to eliminate statement waiting
• Bulk allocation tool for managing multiple mortgages simultaneously

MortgageSplitter Pro

MortgageSplitter Pro automatically calculates and allocates mortgage payments between principal and interest in real-time, eliminating the need to wait for lender statements or manually estimate splits. It integrates directly with accounting software to provide accurate, timely allocations for multiple mortgages simultaneously.