Field

Description/Type

Required?

Title

The content of this field will appear on the client’s covenant statement and on the Covenant report.

Yes

Start Date and End Date

Use the calendar buttons to define the date range (or you can simply type the dates) in MM/DD/YYYY format.

Yes

Frequency

Select how often – Annual, Quarterly, or Monthly – that you expect the client to submit a periodic statement. This value is used in generating a past due statement.

No

Format

If the covenant statement will consist of numeric information, select the Numeric option. If the covenant will be set up as a yes or no question, select the Yes/No option.

Yes

Formula

Enter the formula for calculating the value that will be used for determining whether the covenant is in default. If a value in the formula is not contained in the financial spreadsheet, or if you need a variable in the formula, use an additional data line.

For more information, refer to Formulas and Data Identification.

Yes

operator drop-down

Choose an operator from the drop-down list box and then enter a value related to the covenant formula.

For example, if you choose the = operator, enter the value to which the formula should be equal in order to consider this covenant in default).

The operator values in the drop-down list box are:

• > (greater than)

• < (less than)

• <= (less than or equal to)

• >= (greater than or equal to)

• = (equal to)

• != (not equal to)

Yes for numeric covenants

Precision

Enter the number of decimal places that you want displayed. If you enter 0, the figure will be rounded to the nearest whole value.

Yes for numeric covenants

Annualize Interims

If you select this check box, any income statement items that factor into the covenant formula will be annualized prior to calculation of the formula.

No