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Custom Contract Amortization Method's
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Sam Colondro
posted 04/08/21 02:02 PM
Good afternoon,
Would anyone happen to know if you can create custom contract amortization method's within IT Planning? While there are many options below, we are looking to do a more customized calculation. Thanks!
Contract Amortization Method
Straight Line Even Periods
- (Default method) Amortizes expenses evenly for each period. The amortization period is defined by the start and end month of the contract.
Straight Line By Duration
- Amortizes expenses evenly for each period. The amortization period is defined by the number of months in the contract.
Straight Line Prorate First and Last
- Amortizes equal amounts for periods other than the first and the last period. For the first and last period, amounts are prorated based on the number of days in each period.
Straight Line Using Calendar Days
- Amortizes amounts individually for each period based on the number of calendar days in each period.
#ApptioPlanning(ITP/ITFMF)
Apptio Community Member
posted 04/08/21 02:39 PM
Best Answer
@Sam Colondro in the ITP 2.84 release there was a feature released for Manual Contract Amortization. Would that accomplish what you are trying to do?
Manual Contract Amortization
#ApptioPlanning(ITP/ITFMF)
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