The page is used to set a Amortization method at the account level and setup for
usage at the group level.
The topmost section of the page covers the setup and values of the Account Level
Amortization Method. Here, the effective date creates a time-based schedule for
the default amortization method. The Grant Date of each grant determines its
default amortization method.
To Add an Amortization Method:
1. Enter an Effective Date. The default value is the current date. Once an
effective date is set with an amortization method, another amortization
method cannot be set for the same effective date until the existing one is
deleted.
2. Select an Amortization Method. Only one Amortization Method can be
selected per date. None is the default: however a value other than none
must be selected in order to add an amortization method.
3. Click the Add Row button to provide a schedule longer than two entries.
4. Click on Save to save the changes.
To Delete an Amortization Method:
- Click the Delete link located to the right of the Amortization Method column.
Setting up for Group-level usage of Amortization Method
1. To setup a new Schedule Code, type in a 5-digit alpha, numeric or alpha-numeric value
in the input box.
2. Alongside in the Schedule Name, enter a descriptive name to be associated with the
Schedule Code.
3. To the right of the Schedule Name are two options:
i. Delete, which deletes the Schedule Code and Schedule Name
ii. View Amortization Schedule Line, which activates the Amortization Method
Schedule Lines below.
4. Enter Effective Date and Amortization Method values in the Amortization Method
Schedule Lines. To add more Effective Dates, click on the Add Row button. Clicking on Save saves the values and associates the values to the Schedule Code above. Cancel
clears any changes.
Assigning Group-level Values
Assignment of values is performed under the section Amortization Method Schedule
Assignment. Schedules can be assigned at the following levels:
· Grant Type
· Plan Name
· Award Type
· Award Subtype
· User-defined values
Select the Amortization Method Schedule for the group value you want it assigned at,
and click on Save to save changes, or Cancel to clear changes.