Creating transactions from an amortization schedule

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Accounting CS enables you to import amortization schedules from XML files created in ToolBox CS or TValue. After the schedule has been imported and saved with the vendor record, you can select the schedule from the Template field in the Enter Transactions screen (if the Accounts Payable service is not enabled for the client) or the Enter Payables screen (if the Accounts Payable service is enabled).

Creating transactions in the Enter Transactions screen

Note: If the Accounts Payable service is enabled for your client, you cannot create transactions from an amortization schedule in the Actions > Enter Transactions screen. Instead, you must use the Detail tab of the the Actions > Enter Payables screen.

  1. Follow the steps to set up an amortization schedule for the selected vendor.
  2. Choose Actions > Enter Transactions and then select either Check or Payment from the Type field.
  3. In the Template field, select the applicable amortization schedule. When you move to the next field, the application enters information in the Date, Payee, Amount, and Memo fields and also enters the principal and interest information in the Distributions tab.
  4. Verify the information for the transaction record, and then click Enter to save it.

    Accounting CS creates the transaction and updates the date in the Next due date field in the Amortization Schedules dialog.

Creating transactions in the Enter Payables screen

  1. Follow the steps to set up an amortization schedule for the selected vendor.
  2. Choose Actions > Enter Payables and then click the Detail tab.
  3. In the Temp/Amort field, select the applicable amortization schedule. When you move to the next field, the application enters information in the Vendor ID, Vendor name, Date, Amount, Address, Due Date, and Memo fields and also enters the principal and interest information in the Distributions tab.
  4. Verify the information for the payable record, and then click Enter to save it.

    Accounting CS creates the payable and updates the date in the Next due date field in the Amortization Schedules dialog.

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