Standard Amortization
November 10, 2023
- Added new category for Other Current Assets to
Forecast,Statements, andSummarysheets, to provide an extra asset account to break it out from potentially amortized long term other assets. - Edited
Forecastsheet to create a new build for Amortization of Other Assets, to match the structure for Depreciation. This was done to create a bit more flexibility in the assets and amortization accounts. - Edited
Statementssheet to change the reporting of net income and retained earnings on the balance sheet; previously this reported current month net income, and each month (or each period, if using quarterly or annual timescale) it added net income to retained earnings. Changed so that it now tracks net income over a fiscal year, and adds to retained earnings at the start of the next fiscal year. No change to the net of retained earnings and net income, just a shift between them, to balance it out differently.