AMORTIZATION PROCESSES
Automate your amortization processes.
Save time and increase accuracy by automating and optimizing your amortization processes.
BlackLine created a solution that allows you to customize amortization on any close schedule you have. It really opened up a lot of time to focus on other activities to close quicker. It’s reduced a lot of the manual work that went into the process and now it’s more enjoyable work.
Common Amortization Examples
Prepaid Expenses
Deferred Revenue
Intangibles
Bond Issuance Costs
Goodwill
Marketing Incentives
challenges
Why Manual Amortization Processes Are Unsustainable
Manual Processes
Are you performing the following amortization activities manually?
Aggregating asset or liability details
Compiling and calculating amortization schedules in Excel
Recording multiple separate amortization journal entries
Risks & Challenges
Manual amortization processes have downstream effects that carry risk and pose additional challenges:
Repetitive and time-consuming computations prone to error
Limited scalability
Too much time spent and too many resources allocated
WHY BLACKLINE
What BlackLine Brings to the Amortization Process
Only BlackLine can provide the level of automation and synergies that enable your organization to fully automate the amortization process from data ingestion to substantiation to reporting. BlackLine can seamlessly handle high transaction volume, different close schedules, and varied amortization types, empowering you to establish a seamless and integrated amortization process where you can:
Import transaction data from your GL and other data sources into BlackLine
Leverage pre-built templates to automatically create your amortization schedules and embed them on the face of your account reconciliations
Auto-certify your reconciliation when GL balances match the underlying amortization schedules
Calculate and automatically post your amortization expense
Automate the related amortization allocation journal entry and remove the need for a manual adjusting ST/LT journal entry
Generate a rollforward report and gain increased visibility into the process for better analysis
Want step-by-step guidance and examples on how you can automate your amortization processes?
Optimize More Processes
Amortization processes are part of the BlackLine Nine. With our framework, you can apply proven strategies to optimize key processes.
Accruals
Supercharge your accrual processes by leveraging end-to-end process automation.
Calculations
Optimize capacity, control, and value by automating your calculation processes.
Rollforwards
Save time, reduce errors, and enhance reporting quality by streamlining and optimizing your end-to-end rollforward process.
Subledgers
Harness the power of your subledger data without having to load it yourself.
Suspense & Clearing
Your suspense and clearing accounts may net to zero, but how much time is your team spending to get there and are you confident in the process?
