What is 'amortization schedule' in SAP FI-AF-SAI - Simplified Accounting Integration?

amortization schedule - Overview

• Component: FI-AF-SAI

• Component Name: Simplified Accounting Integration

• Description: A cash flow that shows the repayment course of an initial liability or an amount financed in a leasing contract. The amortization schedule is based on periods and shows values such as: Payment amount and due date of the payment per period Interest per period Repayment amount per period Residual balance at the end of a period

amortization schedule - Details

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  Key Concepts: 
  An amortization schedule is a table that shows the periodic payments of a loan or other financial instrument, such as a mortgage or credit card debt. It also shows the amount of principal and interest paid in each payment, as well as the remaining balance after each payment. The amortization schedule is used to calculate the total cost of a loan over its lifetime. 
  
  How to use it: 
  In SAP FI-AF-SAI Simplified Accounting Integration, an amortization schedule can be used to track the payments of a loan or other financial instrument. The schedule can be used to calculate the total cost of the loan over its lifetime, as well as to track the remaining balance after each payment. 
  
  Tips & Tricks: 
  When creating an amortization schedule in SAP FI-AF-SAI Simplified Accounting Integration, it is important to ensure that all of the necessary information is included in the schedule. This includes the amount of principal and interest paid in each payment, as well as the remaining balance after each payment. 
  
  Related Information: 
  For more information on amortization schedules and how to use them in SAP FI-AF-SAI Simplified Accounting Integration, please refer to SAP's official documentation on the topic.