CMA/FM Tools || 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 category “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 the “interest” option and select the option Term Loan Interest:

Step 3:

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

Step 4:

Now the value of term liability will auto-calculate in the balance sheet. Go to Transaction >Balance sheet > “term liability”: 

Step 5:

Here Closing of term liability is the total of the Term Loan and other current liabilities (Installment (<1 Year)

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

 

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

Hope This Helps.

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