Calculation
Methods supported by our accounting amortization software
1) Straight Line
2) Accelerated
• Sum of the years digits (SYD)
• Rule of 78s (SYD for 12 month term:
1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 = 78)
3) Date to Date
4) Other:
• FASB 91 effective
interest rate
• Excel
data
• Percentage
of balance (deferral recognition tied to other remaining units)
• Daily,
weekly, 4-4-5, 13 month and date to date
Comparative monthly results
SYD recognizes a greater amount during earlier portion of the term
Our software allows records to be maintained
in a
• Database provided with the software
• Excel file template provided with the
software
• An existing Excel or other spreadsheet
file
For Highlights and a free Demo
Prepaid Expenses and
Deferred Charges
Deferred Income and
Revenue
Fixed Assets
Accrued Expenses
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