Amortization

The test of an advanced AP platform.

Set an amortization schedule.

Setting up the schedule and recording amortized payments has never been easier.

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Trusted by finance teams at all stages

Amortization using virtual card payments.

Amortize virtual card payments.

Amortization for bill payments using check or ACH.

Amortize check and ACH payments.
Create an amortization schedule automatically.

Generate a schedule.

Simply enter a start and end date, and Airbase will generate the full schedule.

The schedule of the booking will be displayed with the total amount split equally in each time period. Once approved it will be in the system for automatic syncing to the GL.

The amortization schedule is calculated based on straight-line, prorate first & last period method. The first and the last months in the amortization schedule are prorated based on the number of days within the contract period.

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Automatic syncing to the GL.

Sync amortized payments to the GL.

Airbase will initially record the amount paid against the pre-payment account. At the end of each month, entries will be automatically created to record the monthly expense amortization. Accounting teams can rest easy that the GL will be accurate.

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Pull reports to track an amortization schedule.

Track schedule.

Keep track of all the pending entries for the amortized expense by viewing in Airbase. Eliminate manually tracking spreadsheets.

For NetSuite GLs.

Create a complex amortization schedule in NetSuite.

Airbase integrates with the Native Netsuite amortization feature, so you can leverage a broad range of amortization schedules and structures. If you have more complex schedules that you need to support, and if you are a NetSuite user, we harmonize with their library of templates to meet your needs.

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Amer Ali, Head of Strategic Finance and Business Operations at Netlify
“Airbase has streamlined the bill pay process for us. Requests are easy to set up and get into approvals. Sending requests to other business partners who need to approve that spend is a lot easier. It’s very user-friendly.”
Amer Ali
Head of Strategic Finance and Business Operations at Netlify

The 4 pillars of spend management.

Approval
workflows
All payment
types
Accounting
automation
Real-time
reporting

Airbase spend management features.

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