Amortization Schedule Delete EU Currency Field For Free

Deleting Journal Entries Go to Transactions > Financial > Make Journal Entries > List. If available, click Edit next to the journal entry you want to modify. On the Journal page, from the Actions list, select Delete. At the prompt to confirm the action, click OK.

Amortization only applies to intangible assets, such as patents, trademarks, and copyrights. Intangible assets are non-physical assets that possess economic value. Tangible assets, such as buildings and vehicles, are charged to expense through a similar process known as depreciation.

To view an amortization schedule: Go to Lists > Accounting > Amortization Schedules. Click View next to a schedule.

Deleting Transactions You may want to remove a transaction from the system entirely. For example, after entering a transaction you may realize it contains many errors. You can delete it and reenter the transaction. From the Actions list on the transaction, select Delete.

If you are using approval routing for vendor bills, the amortization schedule is not created until the bill is approved. The only way to delete an amortization schedule is to remove the line that has an amortization schedule from the transaction. Note: You cannot delete a schedule that has associated journal entries.

The term ?amortization? refers to two situations. First, amortization is used in the process of paying off debt through regular principal and interest payments over time. An amortization schedule is used to reduce the current balance on a loan?for example, a mortgage or a car loan?through installment payments.

The most common way to do so is by using the straight line method, which involves expensing the asset over a period of time. Amortization is calculated by taking the difference between the cost of the asset and its anticipated salvage or book value and dividing that figure by the total number of years it will be used.