The first step in setting up amortization in Eagle Accounting is the creation of the accounting rule for amortization.
The accounting rule acts as a folder that houses or contains all the different amortization rules. Eagle Accounting, as part of the installation process, creates the accounting rules shown in the following table.
Rule | Description |
|---|---|
DefaultEY | Constant Yield Amortization |
DefaultEYAmortAtDisp | Effective Yield Amortization with Amortization at Disposition |
DefaultSL | Straight Line Amortization |
DefaultSLAmortAtDisp | Straight Line Amortization with Amortization at Disposition |
DefaultSLA | Straight Line Actual Amortization |
DefaultSLAAmortAtDisp | Straight Line Actual Amortization with Amortization at Disposition |
DefaultNone | No Amortization |
DefaultNoneAmortAtDisp | No Amortization with Amortization at Disposition |
...
In the Create Accounting Rules panel, you can add accounting rules for use with amortization/accretion rules or other rule types.
...