In the Amortization & Accretion Rules panels, you can specify a value for the Premium Proportional (tag 4526) field. The Premium Proportional field is only a viable option when you recognize OID amortization. Options include:
...
Ledger Account | Ledger Account Description | Debit Amount | Credit Amount | |
|---|---|---|---|---|
4001000401 | Amortization OF Premium | 10.00 |
| |
4001000800 | Amortization of OID Premium/Discount |
| 100.00 |
If you set Premium Proportional to Yes, Eagle Accounting creates the amortization general ledger entries shown in the following table.
Ledger Account | Ledger Account Description | Debit Amount | Credit Amount |
|---|---|---|---|
4001000800 | Amortization of OID Premium/Discount | 90.00 |