Forum Discussion
Lease amortization schedule data model
Hi,
I cannot understand your requirement. Share data in a format that can be pasted in an MS Excel file and show the expected result.
Thank you for your response. Lease amortization schedule is a standard accounting topic, which is normally calculated using the excel template like attached in the link below, or using a specialized software build for this purpose.
Basically, 4 pieces of information is required in the lease master data:
- Lease identification number and name
- Monthly lease payments
- Lease start dates
- Lease end dates
The difference between lease start date and lease end date is the lease period during which monthly lease payments are paid. What is usually done is that lease payments are paid monthly over the lease period and lease assets and liabilities are recorded at the beginning of the lease as an assets and liabilities and amortized over the lease term.
Instead of using the excel, I was trying to prepare the lease amortization schedule using the disconnected table and the lease table which has two dates fields (lease start date and lease end date). I found it difficult to accumulate the lease period over the lease term using usual cumulative over time dax function because there are no relationship between lease table and the calendar table.
https://www.occupier.com/lease-amortization-schedule/
There's another complication of discount rates applied to lease amortization schedule, but I think I will be able to tweak the formula is I can find how to express the cumulative monthly payments over time when there are no relationship between the calendar table and lease table.
Thank you for your help.