Prepaid Expense
Amortization Schedule
Automate prepaid expense tracking with the daily-rate amortization method. Handles partial months, contract terminations, and Power Query automation.
Free version includes up to 10 contracts. Pro version unlocks unlimited contracts, visual dashboard, and advanced reporting.
Everything You Need for Prepaid Expense Management
Stop manually calculating amortization schedules. Let Excel do the heavy lifting.
Daily-Rate Amortization
Calculates amortization based on actual days in each period, not just equal monthly amounts. Perfect for partial months and contract mid-terms.
Contract Terminations
Handles early contract terminations automatically. Calculates remaining balance and adjusts final amortization amounts.
Power Query Ready
Built with Power Query automation in mind. Connect your data sources and refresh amortization schedules automatically.
Partial Month Handling
No more manual calculations for contracts starting or ending mid-month. The template handles prorated amounts automatically.
Multi-Contract Support
Track multiple prepaid contracts in one place. Each contract is amortized independently with its own schedule.
Visual Dashboard
Pro version includes a visual dashboard showing amortization progress, remaining balances, and monthly expense projections.
Why Daily-Rate Amortization?
Most templates use straight-line amortization, which divides costs equally across months. But contracts don't always start on the 1st. Daily-rate calculation ensures accuracy for partial months and mid-term terminations.
More Accurate
Calculate exact days in each period for precise expense recognition.
Audit Compliant
Methodology follows accounting standards for prepaid expense recognition.
Time Saving
Reduce month-end close from hours to minutes with automation.
Accurate Expense Recognition
Match expenses to actual periods instead of straight-line estimates.
Audit Ready
Detailed schedules auditors will appreciate with clear methodology documentation.
Time Saving
Reduce month-end close time from hours to minutes with automated calculations.
Termination Handling
Automatically adjust for early contract terminations without manual recalculation.
How It Works
Get started in three simple steps
Download Template
Get the free version with up to 10 contracts, or upgrade to Pro for unlimited contracts and dashboard.
Enter Contract Details
Input start date, end date, total amount, and termination date if applicable. The template handles the rest.
Get Your Schedule
Instantly generate monthly amortization schedules with daily-rate precision. Export or connect via Power Query.
Choose Your Version
Start free and upgrade when you need more power
Free Version
Perfect for getting started
- Up to 10 contracts
- Daily-rate amortization
- Partial month handling
- Basic schedule export
- Power Query compatible
Pro Version
For power users and teams
One-time purchase
- Unlimited contracts
- Visual dashboard
- Advanced reporting
- Contract termination logic
- Priority support
- Future updates included
Frequently Asked Questions
What is daily-rate amortization?
Daily-rate amortization calculates the expense amount based on the actual number of days in each period, rather than dividing the total equally across months. This provides more accurate expense recognition, especially for contracts starting or ending mid-month.
How many contracts can I track?
The free version supports up to 10 contracts. The Pro version supports unlimited contracts, making it ideal for businesses with multiple prepaid expenses.
Does it handle contract terminations?
Yes. Both versions handle early contract terminations. The Pro version includes advanced termination logic with automatic balance adjustments and remaining value calculations.
Is Power Query required?
No, Power Query is optional. The template works standalone in Excel, but includes Power Query compatibility for users who want to automate data imports from external sources.
What Excel versions are supported?
The template works with Excel 2016 and above, including Microsoft 365. Power Query features require Excel 2013 or later with Power Query installed.
Can I export the amortization schedule?
Yes, you can export schedules to PDF, CSV, or copy directly into your accounting system. The Pro version includes additional export formats and automated reporting.
Start Automating Your Prepaid Expenses
Join hundreds of finance professionals who save hours every month with automated amortization schedules.