Free tool

Would you like a free spreadsheet tool that will save a lot of time for your staff or external accountant when calculating the book entries for finance leases and loans?  In one minute this spreadsheet will calculate all the entries for a loan.  It includes;

 - Up to 60 month loan term
 - Fixed monthly journal entries for each 12 month period
 - Allows for planned irregular payments
 - Balloon residual payments

A big time saver

Here is a sample calculation.  For a free usable copy send your request in the form below. 

Note: This spreadsheet contains a VBA macro to calculate interest.

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