What is best practice to change the amount of amor...
# ask-stanley-ai
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What is best practice to change the amount of amortization schedule
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AI generated answer (using internal Slack threads):
****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ****** The best practice to change the amount of an amortization schedule in NetSuite involves modifying the originating transaction. You can adjust the start and end dates of the amortization schedule from there. This is possible even if the period is closed, provided you have the "Allow non-GL changes" option selected. However, it's important to note that if you have already posted anything off of the schedule, it's not recommended to change it, except via a Journal Entry (JE). In case you need to stop an amortization schedule halfway through, you might need to delete rows and update the amount in each remaining row. For a 4-4-5 schedule, it should work fine as amortization schedules post on periods. You would likely have to set it to prorate based on days. Remember, these changes should be made with caution and a clear understanding of the financial implications. Always consult with your accounting team before making such changes.
Slack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.831296086
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.827657461
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
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