New to NetSuite | Amortization Template 101: Permissions and Types

In the previous article, we covered Deferral Accounts and their significance in relation to the Amortization feature. 

Now, let’s take the next step by discussing Amortization Templates. An Amortization Template defines the terms of the amortization schedule created by the purchase of an item. 

Once the Amortization feature is enabled, you can create multiple templates to define the terms for deferring expenses. These templates help generate amortization schedules that specify how costs related to associated items and expenses should be recorded. 

Before we delve further into the creation of amortization templates, let’s first discuss the permission needed and various types of templates available.