I'm trying to make my own application and currently thinking on the amortization section. Is there a recommended technique for periodic calculations for a variable amount of accounting items at a time?
It,s very common question. Depending on a kind of application you are trying to make you could use accounting register or accumulation register or something else.
Well that is the common question. I'll try to make it less common: I have some cars and I need to calculate amortization for them every month. If I will make a document for this calculation for each car it will take lots of time to make them every month. Will someone suggest a better solution?
OK, and what if one misses some of cars in this document by a mistake during filling it? I'm just trying to understand how an applications should be designed.
It's common practice to use a catalog for such items and a register for storing and accumulating of initial cost and depreciation. Then you use one document (without mention of each item) for calculating amortization for certain period of time.