The Amortization Entries tab is used to record the decrease in the value of intangible assets over time, a process known as amortization. Here, you can record the value reduction of these assets.
Amortization Calculation Worksheet
Even though Amortization Entries tab allows manual entries, typically you would use Amortization Calculation Worksheet under Reports tab to calculate the figures for you.
By default, you will see the following columns:
|Date||Date of Amortization Entry|
|Description||Description of Amortization Entry|
|Amount||Amount on Amortization Entry|
Use Edit columns button to customize what columns should be visible under Amortization Entries tab.
Clicking Edit columns button allows you to add additional columns to better suit your business requirements.
|Reference||Reference number of Amortization Entry|
|Intangible Assets||List of associated Intangible Assets|
|Divisions||List of Divisions this Amortization Entry affects.|