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Descriptions of Lease/Loan Organizer 2006 |
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Time saving Excel add-in organizes up to 100 lease/loan accounts into combined month end reports.
Calculates and combines current period payments of principal and interest, provides outstanding balances, months remaining, payments remaining and asset book values (S/L or DDB depreciation).
Starting information includes the loan/lease principal, interest rate, repayment months, salvage percent and depreciation years.
Program calculates the monthly repayment, and at each month end the periodic repayment of principal, interest charges, balance c/f and book value c/f.
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