Excel Tip: Calculating Interest
by David Ringstrom on
As you can see, it's possible to use worksheet functions to calculate interest and principal for all or part of a loan without building out a full-scale amortization schedule. However, when one is needed, right-click on any worksheet tab and then choose Insert, as shown in Figure 3. Click on the Spreadsheet Solutions tab, and then double-click on Amortization Schedule.
Figure 3: Add an amortization table to any workbook with just four clicks.
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About the author:
David H. Ringstrom, CPA heads up Accounting Advisors, Inc., an Atlanta-based software and database consulting firm providing training and consulting services nationwide. Contact David at email@example.com or follow him on Twitter. David speaks at conferences about Microsoft Excel, and presents webcasts for several CPE providers, including AccountingWEB partner CPE Link.
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Upcoming CPE Webinars
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
FRF for SMEs Series--Measurement and Disclosure Principles for various Consolidations and Business Combinations, Part 4B
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.