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Loan Amortization Seminar

Learn how to calculate a loan payment schedule in Microsoft Access
 
 

This seminar will teach you how to calculate a complete Loan Amortization Schedule in Microsoft Access.

1. Learn how to calculate loan payments
2. Create a complete amortization schedule
3. Work with flexible loan terms
4. Manage multiple loans per client and per loan provider
5.
Generate reports such as an aged accounts receivable

Watch this video to learn more about this seminar:


After you watch the preview videos above,
click here to download the database we build in this
seminar so you can see everything that is included.

 

 
Access Loan Amortization Seminar
Description: Learn how to perform loan calculations in Access
Versions: I will use Access 2010, however the lessons are valid for all versions of Access back to 2000 with some minor cosmetic differences.
Pre-Requisites: This is an advanced course. It moves along at a very quick pace. You should have a solid understanding of all of the material in my Access Beginner (100-level), Expert (200s), and Advanced (300s) courses.
Running Time: 5 Hours 45 Minutes
Cost: $139 - Order multiple courses to receive a discount up to 50% off

 


What's Covered

The Loan Form is the main feature of this database. Here you can select a client, a loan provider, enter the terms of the loan, calculate the payments, generate a complete amortization schedule, and track client payments. We'll spend most of our time building this complex form.

 

Exploring the other features of this database, we'll learn how to create a Main Menu form:

 

We will create a Client List and a Client Detail form. You'll see a list of Loans per Client.

 

You can print a report showing the status of all loans per client.

 

You can see all of the same items for Loan Providers as well (list form, details, report):

 

To create a new loan, just select a client and a provider. Enter a description, the loan amound, the interest rate, and the start date. Select a frequency (monthly, weekly, etc.)

 

Enter in the number of payments (or type in the number of Years and the database will calculate the number of payments for you). The click on the Calculate Monthly Payment button and Access will tell you what the payment should be.

 

Now you're ready to generate the complete Amortization Schedule. Again, one click and Access does all the heavy lifting for you.

 

You can enter the client's payments as they come in. Access will assign them to "regular" payment amount and "extra" payment amount, if you wish to allow the client to pay down his balance early.

 

You can print this complete report out for the client.

 

There are a couple of additional reports as well. You can generate a list of all active loans for all providers, a list of all current loan values (payoff amounts), and you can generate an aged accounts receivable, showing as much or as little detail as you want.

 

For example, this report shows the providers, clients, and loan info, but not all of the payment schedule details:

 

This is the perfect seminar for anyone who needs to learn how to calculate loan payments and track amortization schedules with payment histories in Microsoft Access. Of course, if you have any questions about whether or not this seminar is for you, please feel free to  contact me. I'd be happy to answer any questions you might have.

NOTE: If you're looking for something less involved, there is a simpler database available that performs basic loan amortizations in the Templates section.
 

 

Access Loan Amortization Seminar Outline

0. Introduction (10:17)

1. Lesson 01 (22:49)
Initial setup
Making the Tables
Loan Form

2. Lesson 02 (21:04)
NumberOfPayments Calculator
Tab Order
PMT Function
Creating the Schecule Form

3. Lesson 03 (22:05)
Delete any previous Schedules
Create a new Schedule
DateAdd

4. Lesson 04 (24:44)
Summary Totals
Adding a Subform
Check for changes
Add a Payment
Recalculate other figures

5. Lesson 05 (22:46)
Recalculating Payments
Adding the Payments SubForm
Master/Child Fields

6. Lesson 06 (22:14)
Adding a Payment
Loan Status Values

7. Lesson 07 (18:18)
ClientF, ProviderF
Main Menu
ClientListF
Listbox of Loans
Default Values

8. Lesson 08 (22:34)
Fixing a Requery Problem on new Loan
Echo to stop Screen updating
Delete a Record
Stop Warnings

9. Lesson 09 (24:27)
Repeat for the ProviderListF
DoubleClick Events to open Forms
Active Loans

10. Lesson 10 (21:11)
Reports
CanGrow/CanShrink
Format Painter
Size/Align to Grid
Force New Page
Master/Child Fields

11. Lesson 11 (29:05)
Report Headers
Totals
Payments SubReport
Relationships 101
Sorting and Grouping

12. Lesson 12 (27:26)
Accounts Receivable

13. Lesson 13 (31:12)
Accounts Receivable Reports
Hiding Report Sections

14. Lesson 14 (25:13)
Current Loan Value Report

 


 

 

You may want to read these articles from the 599CD News:

 

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