The Amortization section in Capexplan allows you to indicate how an item will be amortized, which is essential for financial planning and budgeting. Follow these steps to calculat amortization.
- From the dashboard, go to the Help menu.
- Under the Help section, select Calculate Amortization.
- Ensure you are in the correct fiscal year by selecting the appropriate year in the Amortization Schedule for Fiscal Year field. For example, 2024.
- Enter Amortization Details:
Name: Enter the name of the item or asset that you are amortizing.
Year to Date Spending: Input the total spending on the item or asset up to the current date.
Year Amortization Begins: Specify the fiscal year when the amortization process will start.
Amortization Key: Select or enter the key used to identify the amortization method or schedule.
Prior Years Accumulated Amortization: Enter the total accumulated amortization amount from previous years, if any.
Current Amortization Year: Specify the current year of amortization.
- After entering all the necessary details, Capexplan will automatically calculate the amortization for the current year based on the provided inputs.
