NetClose - Generate Amortization Schedules
Overview
After creating your amortization(s) the amortization schedule must be generated for the record.
Step-by-Step Process
- To mass generate amortization schedules for multiple amortizations, navigate to NetClose > Amortizations > Generate Schedules
- Select all amortizations you want to generate schedule for.
3. Click "Submit"
4. Refresh the page until the "Generate Status" says "Complete".
You can also generate the amortization schedule directly from the amortization record by clicking "generate schedule".
The amortization schedule will have a line for each period of the amortization with the total remaining balance to be amortized and the amortization amount for that period. Period 0 is the initial balance entry. The regular monthly amortization entries will start in period 1.
Making Edits
If any of the information on the amortization is incorrect, edit the amortization and regenerate the schedule to see the changes. Verify the amortization is correct BEFORE moving to the next step.
Next Steps
After the schedules have been generated and the data is validated, commence the amortization.