The Debt Service page is used to define the annual debt service. (Debt service is company-specific.)
Debt service is an expense that is taken after the regular monthly balance has been calculated. This expense is typically comprised of depreciation, principal & interest payments, and any other amortization.
By utilizing the Debt Service fields, the overall monthly balance calculation can be regarded as the net operating income (NOI).
Monthly Debt Service is automatically calculated for you as the annual debt service divided by 12. Debt service cannot vary from month to month, only from year to year. (Note: The Debt Service year is the same as the fiscal year.)
Adding Debt Service
On the Records page, position to any month in the year in which you wish to add debt service. Then, go to the Debt Service page and press the Add button. Enter the amounts (on the panel on the right side of the screen) and press the tab key after each field.
Press the Post button to record your changes.
Editing Debt Service
On the Debt Service page, click on the year that you wish to change. Then, change the amount(s) and press the Post button. Monthly debt service will be automatically calculated for you. (Should the current month on the Records page not accurately reflect your changes, press the refresh button beside the Debt Service amount on the Records page.)
Deleting Debt Service
On the Debt Service page, click on the year that you wish to delete. Then, press the Delete button. Debt service for all months for the year deleted will revert to zero. (Should the current month on the Records page not accurately reflect your changes, press the refresh button beside the Debt Service amount on the Records page.)