Listed below are other spreadsheets by that use an amortization table to both display results and perform calculations. In that article, I explain what happens when a payment is missed or the payment is not enough to cover the interest due. If you are wanting to create your own amortization table, or even if you just want to understand how amortization works, I'd recommend you also read about Negative Amortization.
To get started, I would recommend downloading the Simple Amortization Chart template. Prepaid expenses represent expenditures that have been paid for in advance but have not yet been recorded as an expense. You can delve deep into the formulas used in my Loan Amortization Schedule template listed above, but you may get lost, because that template has a lot of features and the formulas can be complicated. The model calculates monthly amortization schedule for prepaid expenses and/or unearned income, generating relevant accounting entries. My article " Amortization Calculation" explains the basics of how loan amortization works and how an amortization table or "schedule" is created. Learn how to create a simple amortization chart with this example template.
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