Failed to load image HeaderBackground.jpg
NOB Software LLC
Null. Home. Modules. Demos. Contact.

The amortization schedule sets up a recurring journal with the proper interest amount to move from the liability account to the expense account. Then the expense payable entry can be set up as recurring also applying the static payment amount to the liability account. Both the amortization schedule and the expense payable together applies the principal and interest amounts into the proper GL accounts. You may then modify the information if you wish.

× Icon