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Search results “Accounting for interest payments”

23:09
QuickBooks Pro 2018 Loans Payments, Interest, Principle will cover how to record a loan payment in the accounting software. We will discuss what an amortization table is so that we know the correct line items to use within QuickBooks Pro 2018. We will then show multiple ways the entry can be put int the accounting software. We could use QuickBooks Pro 2018's jorunal entry feature, the accounting softwares, check feature, or QuickBooks Pro 2018's check register. Will enter one transaction into the accounting software's check register by opening the check register, entering the amount as a payment. Then we need to use QuickBooks Pro 2018's split feature to enter multiple accounts. One account will be interest expense and the other will be loans. We will get the amounts we enter into the accounting software from the amortizations table. We will then enter the second payment using a check. We will see that the amount of the payment entered into the accounting software will be much the same but the interest and principle will change.

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Views: 8080 Chegg

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Recording Accrued Interest and Payoff at Maturity for a Note Payable. Principles of Accounting Problem QS 11-5.
Views: 24176 Travis Martin

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This video explains how to calculate a bond that sells at a discount. It shows the corresponding journal entries on the original sale and interest payments. It also shows how to prepare the amortization table and explains what the numbers represent.
Views: 25464 mattfisher64

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Views: 61989 Edspira

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How to amortize and record the discounted notes payable with a lump sum payment (ballon payment) when it comes due using the effective interest rate method (detailed accounting for recording on balance sheet and income statement using T Accounts), calculate the interest expense on the notes payable for the period (duration) of the note, then amortize the interest expense and recognize the expense on the income statement, following steps detailed, (1) discount the note payable (FV) back to the issue date using the interest rate on the note (using Excel PV function), (interest expense = FV lump sum payment - PV lump sum payment), (2) setup debt amortization schedule and amortize the interest expense over the duration of the note, and (3) record on balance sheet and income statement (T Accounts), notes payable, discount notes payable (contra account) and interest expense, detailed calculations for accounting and recording the notes payable by Allen Mursau
Views: 7084 Allen Mursau

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More help: https://www.teachexcel.com Excel Forum: https://www.teachexcel.com/talk/microsoft-office?src=yt How to find the interest and principal payments on a fixed rate loan in excel. This tutorial will walk you through using the PPMT() and IPMT() functions in excel in order to find out how much of a monthly payment on a loan actually goes to pay off the loan amount and how much is just an interest payment. More free excel stuff such as macros, tutorials, articles, etc. go to: TeachExcel.com
Views: 447666 TeachExcel

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In this video, you will learn how to find the value of bonds when interest is paid annually, semiannually and quarterly.
Views: 5005 maxus knowledge

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Views: 20475 Edspira

09:47
How to use the help function for financial calculations or functions? How to calculate the monthly payment (PMT) for a loan? How to calculate the interest payment for a particular month (IPMT)? How to calculate the principal payment for a particular month (PPMT)? If you want to take get a deeper understanding of Microsoft Access, take a look at http://learn.kaceli.com Copyright notice: These videos may not be downloaded or distributed in any way without permission from Sali Kaceli. Contact me if you have such a need.
Views: 34767 Sali Kaceli

06:14
Views: 8404 Edspira

06:09
How to amortize and record a loan (note receivable) with equal payments (annuity type loan payments), calculate the interest revenue on the loan for the period (duration) of the loan, then amortize the interest revenue and recognize the revenue on the income statement, following steps (accounting detailed), (1) discount the loan (FV) back to the issue date using the interest rate on the loan (using Excel PV function given interest rate & payments), (interest revenue = FV lump sum payment - PV lump sum payment), if interest rate is unknown, (using Excel IRR function given PV & payments to determine interest rate), (2) setup debt amortization schedule and amortize the interest revenue over the duration of the loan, and (3) record on balance sheet and income statement (T Accounts), loan receivable, discount loan receivable (contra account) and interest revenue, detailed calculations for accounting and recording the loan receivable by Allen Mursau
Views: 13523 Allen Mursau

12:05
Issue bond between interest payments, accrue interest, effective interest rate method, bond discount, bond premium, carrying value of bond, premium, discount, bond issue between interest dates, CPA EXAM bond retirement, extinguishment of debt, debt extinguished, gain on bond retirement, loss on bond retirement, Bond valuation, bond pricing, bond interest expense, par value, amortization, straight line method, effective interest rate method, bond discount, bond premium, carrying value of bond, premium, discount, bond issue between interest dates, CPA EXAM

07:59
How to calculate and record interest accrued on a bond between regular interest payment dates, detailed example with accounting journal entries based on the effective interest method, example accounts for accrued interest from last interest payment thru the accrual (reporting date) of the bond, detail shown with cash flow diagrams and bond amorization schedule, start with bond carrying value, calculates interest payment at stated interest rate, interest expense market rate, difference equals amortized premium or discount which reduces (increases) bond carrying value, based on bond amortization schedule accounting balance sheet and income statement journal entries are recorded and shown for bond payable, premium or discount, interest payable and interest expense realized, detailed accounting by Allen Mursau
Views: 1072 Allen Mursau

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Views: 197 Mastering IFRS

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Almost all accounting and financial professionals are aware of Excel's PMT function, used to calculate the periodic payment when given the principal, interest, and term. Instead of needing to know the payment amount, what if you needed to know the amount of interest expense included in a specific payment or the principal included in a specific payment? For these calculations, use the IPMT and PPMT functions, as described in this tip.
Views: 1719 K2 Enterprises

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Note payable interest payments

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This video shows how we use the straight line amortization method to record interest expense for both a discount and a premium.
Views: 28048 mattfisher64

08:50
Views: 17894 Edspira

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Shown are two different amortization schedules for a loan and details the amortization method for both amortization schedules, based on discounting the loan payments back to their present value at the date of the loan (shown as a cash flow diagram), amortization schedule (1) (begiining loan balance + interest payment i payment = ending balance), amortization schedule (2) (payment - interest = principal and subtracts from previous loan balance), both amortization schedules show calculations and detail the exact steps required to amortize loan payments and interest, based on the amortization schedules accounting calculations are made for recording the loan on the balance sheet by Allen Mursau
Views: 30501 Allen Mursau

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Views: 101092 Edspira

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Views: 7548 Mike Moore

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Learn more at PwC.com - https://pwc.to/2FgEShv Variable lease payments may impact what a lessee presents on its balance sheet under the new standard. PwC explains how in this video. *Transcript text has been reduced for space restrictions. Watch the full video for the complete information. We’re continuing our leases video series with a discussion on variable lease payments. These payments will impact lease measurement and classification for a lessee under the new leases guidance. A lease liability and a right-of-use asset will be recorded on the lessee’s balance sheet for virtually all of its leases. In this video I’ll cover: What are variable lease payments; Which of these payments are included when you measure and classify the lease; and How to account for changes in these payments. What are variable lease payments? They’re any payments made for the right to use an asset that vary because of changes in facts or circumstances occurring after the commencement date, other than for the passage of time. Variable lease payments are broken down into two categories. The first category is payments that change based on an index or a rate, such as the consumer price index, or “CPI”, or a benchmark interest rate, such as LIBOR. The second category is all other changes, such as factors based on usage or performance. The second category includes payments based on the use of the leased asset, such as payments based on excess mileage under a car lease. Or payments based on performance, for example, when a company has to pay the lessor a percentage of its sales in a retail store lease. Only the first category, that is, variable lease payments based on an index or a rate, are included when measuring and classifying a lease. So how does a company include a payment that’s going to change over time when it doesn’t know the actual amount that will be paid over the lease term? Well, the company should use the index or rate at lease commencement for all of the payments throughout the lease term. Any subsequent change from the original index or rate would be treated as variable lease expense. The lease liability should NOT be remeasured when the index or rate changes. The only time that it would be updated is when the lease liability is remeasured. For example, if there was a contract modification that’s not accounted for as a separate contract or a change in the assessment of lease term. Let’s illustrate this by walking through an operating lease example: · Say a company is leasing retail space for 5 years. · The company is required to make an annual lease payment at the beginning of each year. According to the lease agreement, the payment is calculated as \$4,000 times the prior year’s CPI. · The prior year CPI was 250 at lease commencement. · So the initial payment due at lease commencement is calculated as \$4,000 * 250, or \$1 million. · The lease payment will be used to measure and classify the lease because the payment is based on an established index. · But the annual payment will change every year as CPI changes. So what amounts should be used for each year’s annual payment? · Well, the company needs to use the index at lease commencement that is a CPI of 250, to calculate the annual lease payments for the entire lease term. · So the amount of the lease payments would be \$1 million per year, or \$5 million for the entire five year lease, which will be used to calculate the straight line lease expense. · The company will record the lease liability at the present value of the four remaining \$1 million payments due during the lease term. The right-of-use asset will equal that amount plus the initial \$1 million payment. So what happens when the lease payment changes in year 2? · Let’s say that CPI for the following year was 255. This results in the second year payment to be calculated as \$4,000 * 255 or \$1,020,000 at the beginning of year 2. · How should the company account for that payment? · One million dollars is already factored into the lease liability and the straight-line lease expense because that part of the payment was based on the CPI at lease commencement. · The additional \$20,000 should be recorded as variable lease expense in the period in which it is payable. With the effective date of the new leases standard quickly approaching, companies will have a lot of work ahead of them getting ready for the new guidance. But the good news is there are many resources available to help. For more information, please refer to the Leases page on CFOdirect.com.
Views: 5161 PwC US

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Calculate present value, future value for both ordinary and annuity due type annuities, knowing the equal payments, interest rate, and time frame calculate the present value and future value for the annuity, usually done with financial functions on a calculator, understanding the hand calculations shown here gives the accounting student an understanding of how payments and interest along with present and future are determined for an annuity (used for accounting journal entires, etc.), demonstrated using cash flow diagrams for each case (PV & FV ordinary annuity, PV & FV annuity due), calculations shown thru amortization schedules, based on (beginning balance + interest + payment = ending balance, ending balance becomes next periods beginning balance), gives an understanding of how annuities work and amounts that would be used in accounting problems by Allen Mursau
Views: 44336 Allen Mursau

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Views: 198902 Howcast

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Interest payment may be deductible for federal income taxes in the year 2018 2019 but there are limitations. The most common interest payment deduction is mortgage interest and it is one of the big items that may allow taxpayer to take itemized deductions instead of the standard deduction. Interest payment deductions like mortgage interest is generally an itemized deduction and that means we would need itemized deductions greater then the standard deduction for them to benefit us. There are also restriction on the loan amount that we can deduct interest for. For more accounting and tax information see accounting website. http://accountinginstruction.info/

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Accounting for troubled debt restructuring by restructuring principal amount and interest payments by forgiving early year payments and requiring later year payments on interest, determining a loss (bad debt expense) on restructuring by comparing the pre-structured carrying amount to the present value of restructured cash flows, based on the present value of restructured cash flows the effective interest rate is calculated using a financial calculator, using the new effective interest rate the interest revenue is calculated and the loan is amortized thru the allowance for doubtful accounts (contr revenue account), example is On 12/31/20X1 Bank-B enters into a debt restructuring agreement with Corp-A, which is experiencing financial difficulties, Bank-B restructures a \$1 mil Loan receivable issued at par (interest is paid to date), note restructured by: 1-Reducing principal obligation from \$1,000,000 to \$900,000, 2-Note has 4-yrs remaining, maturity date to 12/31/20X5, 3-Pay current interest rate at 12%, stated rate on note (Current market IR for loan of this nature is 14%), 4-Pay only the 3rd & 4th year of interest payments at 12% (Interest payments for 1st and 2nd years are not required), detailed accounting by Allen Mursau
Views: 2962 Allen Mursau

30:04
Issue of bonds at a discount, interest payment calculation, discount amortization on a straight line method, and related journal entries.

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Views: 17051 BeatTheBush

08:36
Views: 106504 Edspira

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This lecture covers notes receivable and interest revenue including the following: 1) Why notes instead of accounts receivable? 2) 6%, 60-day method for determining interest, 3) calculation of interest, and 4) determination of time period of note when stated in days and when stated in months. A exercise illustrates acquiring notes receivable, calculations for accruing interest before financial statement preparation, and receipt of the cash in payment of a note at maturity.
Views: 21870 oruaccounting

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Views: 26104 Edspira

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Views: 59244 Edspira

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Accounting for zero interest bearing note paid back on installment payments, example is for note exchanged for equipment (computer system), the equipment capitalized amount (present value of note) equals the notes maturity value discounted back to its issue date using the notes implict interest rate, the discount (notes cash payments - notes present value of annuity payments) is amortized using the implicy interest rate which is the interest expense realized on this note, example Corp-A purchased computer system on 12/31/20X1, paying \$100,000 down and agreeing to pay the balance in four equal installments of \$80,000 each (12/31), assumed interest of 8% is implicit in the purchase price, Zero Interest Note, no stated Interest Rate on note exchanged, implied in price on exchange, detailed accounting by Allen Mursau
Views: 7768 Allen Mursau

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This video is a tutorial mapping out the steps to set up and implement late payment finance charges in Quickbooks.
Views: 25967 PaperTrailFinancial

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Views: 523 CPA Strength

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How to record the journal entries for a discounted notes receivable with equal (regular) payments (annuity type loan payments) on balance sheet and income statement (T Accounts on a balance sheet template), using cash account, notes receivable, discount notes receivable (contra account) and interest revenue, using balance sheet template, example is shown as a cash flow diagram for understanding what has to be amortized for interest revenue on the notes receivable, explains how to record the note at the issue date and for each subsequent period the note is outstanding, shows how to setup the discount to notes receivable as a (contra account) to notes receivable (asset), each subsequent period the amortized interest revenue, reduces the discount account and is recognized as an revenue on the income statement until the discount to notes receivable is amortized down to zero balance, then shows how to close out the notes receivable account when the note is paid, detailed journal entries for recording and amortizing the notes receivable with (T Accounts) for accounting and recording the notes receivable by Allen Mursau
Views: 2472 Allen Mursau

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Notes payable payments journal entry will enter the journal entry for making a payment on an installment note using an amortization table. We will enter the transaction in the general journal, post it to the general ledger, and see the effect on the trial balance. To record a financial transaction for the payment of an installment note we need an amortization table to determine the amount allocated to interest and the amount allocated to principle. Although the payment amount will often not change on an installment note, the amount allocated to interest and principle will change with each payment. We will enter a journal entry debiting interest expense, debiting notes payable, and crediting cash. The accounting transaction for payment on installment not will decrease cash, increase expenses, decrease the principal portion of the note, bring net income down, and bring total equity down. For more accounting information see website. http://accountinginstruction.info/

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How to record the journal entries for a discounted notes payable with equal (regular) payments (annuity type loan payments) on balance sheet and income statement (T Accounts on a balance sheet template), using cash account, notes payable, discount notes payable (contra account) and interest expense, using balance sheet template, example is shown as a cash flow diagram for understanding what has to be amortized for interest expense on the notes payable, explains how to record the note at the issue date and for each subsequent period the note is outstanding, shows how to setup the discount to notes payable as a (contra account) to notes payable (liability), each subsequent period the amortized interest expense reduces the discount account and is recognized as an expense on the income statement until the discount to notes payable is amortized down to zero balance, then shows how to close out the notes payable account when the note is paid, detailed journal entries for recording and amortizing the notes payable with (T Accounts) for accounting and recording the notes payable by Allen Mursau
Views: 3432 Allen Mursau

06:45
Learn how to apply for your loan payments properly: https://canduskampfer.com/break-principal-vs-interest-loan-inside-quickbooks/ Don't miss a tip, Join my Tips & Tricks: https://CandusKampfer.com/tips Candus' Free Mini Course: https://canduskampfer.com/minicourse/ Find out how to Join my QuickBooks Simplified Community: http://quickbookssimplified.com Are you new to QuickBooks or are you struggling to figure out the software? Would you love a course that is step by step vs searching for each answer and trying to figure it all out on your own? I would like to share with you my course called Confidence with QuickBooks. Everyone who has taken the course loves it. For more details visit: http://ConfidenceWithQuickBooks.com If you need help with QuickBooks, set up an appointment here: https://canduskampfer.com/private-sessions-with-candus/ Click here to be notified of upcoming Webinars & Workshops: https://canduskampfer.com/webinar-wai... Learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: https://canduskampfer.com/quarterly-and-year-end-forms-cou Have a great day! Candus :)
Views: 41904 Candus Kampfer

08:31
As per Wikipedia, "an interest rate swap (IRS) is a popular and highly liquid financial derivative instrument in which two parties agree to exchange interest rate cash flows, based on a specified notional amount from a fixed rate to a floating rate (or vice versa) or from one floating rate to another." Companies perform such agreements to save on interest payments, and this post will detail out how an interest rate swap happens and how we perform the calculations on an interest rate swap. For an explanation with images and tables, please head to the blog post at http://sg-accounting.blogspot.sg/2015/06/how-to-perform-an-interest-rate-swap.html
Views: 23265 Sg Accounting

07:28
How to amortize and record the discounted notes receivable with equal payments (annuity type loan payments) using the effective interest rate method, calculate the interest revenue on the notes receivable for the period (duration) of the note, then amortize the interest revenue and recognize the revenue on the income statement, following steps (accounting detailed), (1) discount the note receivable (FV) back to the issue date using the interest rate on the note (using Excel PV function given interest rate & payments), (interest revenue = FV lump sum payment - PV lump sum payment), if interest rate is unknown, (using Excel IRR function given PV & payments to determine interest rate), (2) setup debt amortization schedule and amortize the interest revenue over the duration of the note, and (3) record on balance sheet and income statement (T Accounts), notes receivable, discount notes receivable (contra account) and interest revenue, detailed calculations for accounting and recording the notes receivable by Allen Mursau
Views: 2363 Allen Mursau

02:06
Journal entries for the initial transaction, recognition of interest each year, and the collection of face value at maturity. transaction journal entries examples transactions in a journal are initially recorded in journal entries for loan transaction accounting journal entries transaction accounting journal entries problems and solutions accounting journal entries questions answers journal entry for borrowing money with interest general journal entries examples
Views: 893 Pankaj Sharma

13:21
bond retirement, extinguishment of debt, debt extinguished, gain on bond retirement, loss on bond retirement, Bond valuation, bond pricing, bond interest expense, par value, amortization, straight line method, effective interest rate method, bond discount, bond premium, carrying value of bond, premium, discount, bond issue between interest dates, CPA EXAM

04:50
Hi Guys, This video will show you how to build an amortization table in excel is less than 5 minutes :) Please subscribe and watch all our tutorials www.i-hate-math.com
Views: 470968 I Hate Math Group, Inc

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