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Amortization calculations
#1
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Joined:: Jul 18, 2012

Hi again!

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?

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#2
Active user
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Joined:: Nov 1, 2011

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.

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#3
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Joined:: Jul 18, 2012

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?

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#4
Just came
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Joined:: Mar 12, 2012

Yes, just do one document for all cars ;) . Use Tabular Section of you document.

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#5
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Joined:: Jul 18, 2012

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.

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#6
Active user
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Joined:: Nov 1, 2011

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.

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#7
Active user
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Joined:: Jul 18, 2012

Thank you, Alexey! I've got it now.

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