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Lease Accounting
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Broker Deals CRM
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Monthly Release Notes
Why is my amortization schedule "unbalanced"?
When measuring a lease, you might notice that your amortization schedule says that it is "unbalanced" (see below).
Any lease that commences or ends on a day other than the 1st of a given month will be "unbalanced." What this means is that there is an extremely small residual balance that is derived from pro-rata rounding.
The residual balance is normally written off to the Income Statement at the end of the lease term.