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Amortization Schedule

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Provides a complete amortization of the lease or loan.

The amortization schedule combines information from the original amortization, the billing history (from the payment history), and asset adjustments made.

The first five columns tell you the billing month number, beginning principal asset balance, the total amount to be billed (including first month extra non-capitalized costs), the scheduled payment due date, and the actual date billed.

The next six columns will show you the details of how the total amount to be billed is broken down. The "Other" column consists of non-tax additional monthly payments and are listed in detail on the General Billing Information screen.

The Ending Balance column is simply Beginning Balance minus the Principal amount, as any amortization schedule will calculate.

The Note column is only used when (principal) asset adjustments have been made. You may edit the note information by double clicking on the note field.

How To
If you need to change the payment due date, here is where you would do that. Payment due dates can only be changed for the next, unbilled due date in the schedule. In other words, the first line with no Date Billed information. (Loans use the amortization as a payment schedule and will "bill" is line if the is on or before the current paid-through date. Just change the date on the first line on which there is no billed date.)

To change the next payment due date, click on the due date, click on the down arrow at the end of the field, navigate the calendar to the desired next payment due date and click on the day, click anywhere else on the amortization display, and confirm your change. All subsequent due dates through the end of the schedule will be changed. Days of month due must be between 1 and 31.

Due dates changed on any other line will be ignored.

For loans and leases: Payments may be deferred to the next scheduled due date. To do this, click the Defer Payment button. If this is a lease, the payment schedule will simply be moved one payment cycle. Deferments will be performed against the current due date (last billed line).

Amortization Schedule