How to enter and calculate Term Liability in CMA Software

How to enter and calculate Term Liability in CMA Software

Insert all your liabilities in your balance sheet under the categories “short-term liabilities” If It is  due in a year or less

      or “long-term liabilities" If it is  due in more than a year

Add all your liabilities, both short and long term, to find your total liabilities.

 

How to enter Term liability in CMA Software: -

Step 1

Open the CMA/FM Tools software  – Transaction --> Profit and Loss a/c  → option

 given in the menu bar.

 

 

Step 2

Double click on “interest” option and select option Term Loan Interest

 

 

Step 3

Now Put detail of loan issued by a bank for a fixed amount and fixed repayment schedule with either a fixed or floating interest rate. And check mark box “Link with profit and loss account”

 

 

Step 4

Now value of term liability will auto calculate in balance sheet.

Go to Transaction >Balance sheet > “term liability”

 

 

Step 5

Here Closing of term liability is total of Term loan and other current liabilities (Installment (<1 Years))

 

Example –

According to the picture below, here is the closing balance of term loan is 108000 in year 31/03/2021.

 

 

And in balance sheet closing balance on 31/03/2021 is 96000 (term loan) + 12000 (Installment (<1 Years) = 108000

 

 

 

 

 

 

 

 

 

 

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