⌘K
Amortization Schedule
The amortization schedule shows how your lease liability and ROU Asset change over the lease term.
Column Definitions
Understanding each column:
| Column | Description |
|---|---|
| Period | Sequential number from 1 |
| Payment | Cash paid to lessor |
| Opening Liability | Balance at start of period |
| Interest Expense | Opening × periodic rate |
| Principal Reduction | Payment - Interest |
| Closing Liability | Opening + Interest - Payment |
| Depreciation | Monthly asset depreciation |
Sample Schedule
First 3 periods:
Amortization Extract
Period Payment Opening Interest Principal Closing
1 £1,000 £33,531.97 £139.72 £860.28 £32,671.69
2 £1,000 £32,671.69 £136.13 £863.87 £31,807.82
3 £1,000 £31,807.82 £132.53 £867.47 £30,940.35
Generate your amortization schedule
See a complete month-by-month breakdown of your lease.