Field descriptions: Amortization template

The following table describes each field on the Amortization Templates list and page.

Page field descriptions
Field Description

Template ID

 A unique name for the amortization template. You select this template on AP AP supplier invoice lines or Purchasing transaction lines to create amortization schedules. You cannot change the Template ID after you save the template.

Amortization method

Determines how the prepaid expense amount is recognized over time.

  • Straight-line: Spreads the prepaid expense amount evenly across the amortization schedule.

  • Charges constatées d'avance (CCA): Creates deferred adjustment entries that defer the unexpired portion of the expense at the end of each schedule period.

Description

 Optional notes or details that help identify the purpose of the template.
Number of periods

For Straight-line templates, the number of periods over which to amortize the prepaid expense. Enter a value from 1 through 1500. If you enter a value, Sage Intacct uses the number of periods to calculate the amortization schedule and ignores the amortization end date on the transaction line.

This field is not available for CCA templates.
Amortization journal The General Ledger journal used for schedule entries created from this template. This field defaults from the Amortization journal selected in Accounts Payable configuration, but you can select a different active, non-adjustment journal when creating the template. You cannot change this field after you save the template.
Prepaid expense GL account

The account that Sage Intacct uses together with the transaction line account when creating schedule journal entries from this template. The account's purpose depends on the selected amortization method.

  • For the Straight-line method, select the expense account used to recognize the prepaid expense over time. Schedule entries debit this account and credit the transaction line account.

  • For the CCA method, select the deferred adjustment account that holds the unexpired portion of the expense at the end of each schedule period. Deferred adjustment entries debit this account and credit the transaction line account. The entries are reversed at the start of the next period.

Select an active GL account that's not associated with a bank account or credit card account. You cannot change this field after you save the template.
Schedule period

Determines how often schedule entries are created.

  • For the Straight-line method, amortization entries are generated according to the selected schedule period.

  • For the CCA method, deferred adjustment amounts are calculated at the end of each selected schedule period.

Options are Monthly, Quarterly, and Annually. The default is Monthly. You cannot change this field after you save the template.
Posting day

For Straight-line templates, the day of the period on which amortization entries are posted. Select a day from 1 through 31, or select End of period to post on the last day of each schedule period. The default is End of period.

This field is not available for CCA templates, which always post at the end of the selected schedule period.
Status Indicates whether the template is active or inactive. Active templates are available for selection on transaction lines.