NetClose - Amortization Data Validation
Overview
After your Amortizations template has been uploaded into NetClose, the next step in the implementation process is to review and validate your amortization data. The following are recommended steps to validate your amortization data.
Validate Amortization Types
Navigation: NetClose > Setup > Amortization Types
Please validate your Amortization Type names and assigned GL accounts.
Validate Amortization List
Navigation: NetClose > Amortizations > Amortizations
It is recommended to review the following:
- Number of Amortizations
- Names
- Types
- Start/End Dates
- Terms
- Amounts
- Subsidiaries
- Department, Class, and Location, as applicable
- Any other fields as desired
To see additional Amortization fields not shown by default, go to Edit View.
Validate Amortization Schedules
Prerequisite: Amortization schedules must be generated.
Once generated, you can review the schedules by selecting View on any amortization record and navigating to the Amortization Schedule subtab.
Please note that if any changes are made to the amortization record, the schedule will need to be regenerated.