11.1.2 Amortization Schedule
You can use the calculated payment data to derive the Amortization Schedule.
Click Amortize in the Amortization Schedule section. System generates an amortized schedule with the calculated data and based on the Rent Collection Method the first bill is generated with the following headers:
Table 11-7 Amortization Schedule
| Field | View this |
|---|---|
| Seq | Payment number. |
| Pmt Dt | Payment date. |
| Pmt Amt | Payment amount. |
| Principal Amt | Component of the payment amount allocated towards reduction of the principal balance. |
| Interest Amt | Component of the payment amount allocated towards reduction of the interest balance. |
| Balance Amt | Remaining principal balance. |
You can click Print Report to extract a PDF version of the generated amortized schedule.
Parent topic: Lease Calculator