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  • I need help creating an amortization schedule in excel with a prorated first month payment

    The situation is a leased piece of equipment with 48 payments of 701.00. However, the first month payment is prorated based in delivery date of the equipment. SO the first month payment is 316.58 calculated as: 701.00/31=22.61, and then 22.61 x 14 days…

  • Finance charge not showing up in the GL account

    We recently started charging a finance charge to one customer. I noticed however, that the amount of the charge is not showing up in any GL account. I went into Division Maintenance and the account listed for the FC is correct. I also double checked that…

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