Streamlining Month-End Closing with an Amortisation Schedule Solution

How Can Accounting Be Made Efficient? Read Our Case Study

Case Study:

For accountants, month-end closing can be an overwhelming, deadline-driven race against time. Managing multiple tasks, including amortisation, depreciation, and journal entries, only adds to the complexity. That’s where our Amortisation Schedule template comes in — designed to make these tasks more manageable and efficient.

The Challenge

We were engaged by accounting professionals who wanted a streamlined solution to reduce the pressure of month-end close. They needed a reliable, accurate tool to automate repetitive calculations and ensure consistency across accounts. Re-entering data for journals, handling late invoices, and managing adjustments were slowing down their month-end processes and leaving room for errors.

Our Solution

In response, we developed the Amortisation Schedule template, a tailored solution that automates and standardises amortisation, depreciation, prepayment tracking, and right-of-use asset management. This tool doesn’t just reduce manual effort; it helps accountants stay in control during the busiest time of the month.

Key Features:

1. Automatic Calculations: Enter costs, invoice dates, and amortisation periods once, and the template does the rest — from precise monthly calculations to adjustments for partial months.
2. Quick Journal Entries: Auto-populate journal entries with a single click, eliminating the repetitive data entry that often holds up month-end tasks.
3. Catch-Up & Adjustments: Built-in catch-up functionality allows for seamless adjustments due to late invoices or prior errors, with easy manual adjustments as needed.
4. Contract Tracking: The template doubles as a contract register, monitoring contract periods, expiries, and ensuring completeness of recurring expenses.

Results

This tool is one of the solutions we’ve developed to help accountants simplify and control their month-end processes. With our Amortisation Schedule, accounting teams can reduce pressure, improve accuracy, and navigate month-end with confidence.