Modeling Term Accounts to Automatically Reduce
To model automatically reducing term accounts:
In Forecast, select % of Another Account.
In Associated Account, enter Current-Portion Long-Term Debt (v2510.00)
In Forecast As , select Incr. in New Bank Term Loan.
On Account Input , select the term account and enter -100 (which is equivalent to “-100%”) in the forecast periods.
On Account Input , select Current-Portion Long-Term Debt (v2510.00) and enter the scheduled payment/amortization schedule in the cells.
Ensure this account is not forecast using Increase in and the As Actual Value forecast method.
L-T Debt: Scheduled is reduced by the amount in Current-Portion Long-Term Debt.