This step could be done alone or combined with the Record Investment Earnings task. When the amortization should reoccur on a regular basis for a consistent amount, the Future Transaction Triggering functionality can be used so that the application will do the amortization automatically.
To complete a Pool Fund Investment Earnings transaction for amortizing discount or premium, perform these steps:
Complete the Header tab just as with the Record Investment Earnings task.
Complete the Accounting tab just as with the Record Investment Earnings task with the following differences:
As an investment cannot be purchased at a discount and at a premium, enter the amount to be amortized in the Discount Amount or Premium Amount.
Complete the Investment ID field with information your site has decided that will track investments. That could be a description of the investment, an ID that ties to an investment tracking tool, etc.
Let the following dates default to the current date: Collect Date, From Date, and To Date.
Leave the Bank field to default.
Take the Validate action to infer information while also validating for errors.
Take the Submit action to submit the transaction.