11.1.2 Amortization Schedule

This topic provides information on the amortization schedule, including the breakdown of periodic payments showing principal and interest components over the tenure.

User can use the calculated payment data to derive the Amortization Schedule.

Click Amortize in the Amortization Schedule section. System generates an amortized schedule with the calculated data and based on the Rent Collection Method the first bill is generated with the following headers:

Table 11-7 Amortization Schedule

Field	Description
Seq	Displays the payment number.
Pmt Dt	Displays the payment date.
Pmt Amt	Displays the payment amount.
Principal Amt	Displays the component of the payment amount allocated towards reduction of the principal balance.
Interest Amt	Displays the component of the payment amount allocated towards reduction of the interest balance.
Balance Amt	Displays the remaining principal balance.

User can click Print Report to extract a PDF version of the generated amortized schedule.