Excel Skills | Loan Statement TemplateAbout this templateThistemplateenablesuserstocompilealoanaccountstatementforanyloanthatisrepaidonamonthlybasisandsubjecttodailyinterest calculations. The template has been designed specifically for the analysis of loans that are subject to variable interest rates and also accommodates adhocloanrepayments thatfalloutsidethescopeofstandardamortizationtables.Interestcalculationsarebasedon dailyloanaccountbalances (samecalculationbasisasusedbymostfinancialinstitutions)andanunlimitednumberofinterestratechangescanberecorded.Loanaccount transactions need to be recorded by the user and a comprehensive loan account statement is automatically calculated. The Loan Statement template is a simplified version of our Loan Calculation!nalysis template "hich also includes comprehensive forecasting features.About our unique templates#ur uni$ue% practical templates produce results that are more comparable to soft"are solutions than regular &'cel templates. (ost &'cel templates onlycontainlimitedfunctionalitybutourtemplatesproduce comple' automated reportsbasedonlimiteduserinput. )ou alsodon*t needadvanced &'cel s+ills in order to use our templates , all our templates only re$uire basic user input and include comprehensive step by step instructions.About this sample fileThis &'cel document is only a sample of the loan statement template. -e.ve created this sample to enable customers to vie" the layout and features of this template. )ou "ill therefore not be able to use this version of the template , the full version of the template can only be do"nloaded after buying the template or a full membership of the &'cel S+ills "ebsite.Our full membership includes:/ !ccess to all 012 of our uni$ue &'cel templates/ 345 days access to our 3112 &'cel video tutorialsExcel Skills | Loan Statement TemplateAbout this templateThistemplateenablesuserstocompilealoanaccountstatementforanyloanthatisrepaidonamonthlybasisandsubjecttodailyinterest calculations. The template has been designed specifically for the analysis of loans that are subject to variable interest rates and also accommodates adhocloanrepayments thatfalloutsidethescopeofstandardamortizationtables.Interestcalculationsarebasedondailyloanaccountbalances (samecalculationbasisasusedbymostfinancialinstitutions)andanunlimitednumberofinterestratechangescanberecorded.Loanaccount transactions need to be recorded by the user and a comprehensive loan account statement is automatically calculated. The Loan Statement template is a simplified version of our Loan Calculation!nalysis template "hich also includes comprehensive forecasting features.About our unique templates#ur uni$ue% practical templates produce results that are more comparable to soft"are solutions than regular &'cel templates. (ost &'cel templates onlycontainlimitedfunctionalitybutourtemplatesproduce comple' automated reportsbasedonlimiteduserinput. )ou alsodon*t needadvanced &'cel s+ills in order to use our templates , all our templates only re$uire basic user input and include comprehensive step by step instructions.About this sample fileThis &'cel document is only a sample of the loan statement template. -e.ve created this sample to enable customers to vie" the layout and features of this template. )ou "ill therefore not be able to use this version of the template , the full version of the template can only be do"nloaded after buying the template or a full membership of the &'cel S+ills "ebsite.Our full membership includes:/ !ccess to all 012 of our uni$ue &'cel templates/ 345 days access to our 3112 &'cel video tutorialsBuy this templateclick hereBuy this templateclick hereExcel Skills | Loan Statement TemplateAbout this templateThistemplateenablesuserstocompilealoanaccountstatementforanyloanthatisrepaidonamonthlybasisandsubjecttodailyinterest calculations. The template has been designed specifically for the analysis of loans that are subject to variable interest rates and also accommodates adhocloanrepayments thatfalloutsidethescopeofstandardamortizationtables.Interestcalculationsarebasedon dailyloanaccountbalances (samecalculationbasisasusedbymostfinancialinstitutions)andanunlimitednumberofinterestratechangescanberecorded.Loanaccount transactions need to be recorded by the user and a comprehensive loan account statement is automatically calculated. The Loan Statement template is a simplified version of our Loan Calculation!nalysis template "hich also includes comprehensive forecasting features.About our unique templates#ur uni$ue% practical templates produce results that are more comparable to soft"are solutions than regular &'cel templates. (ost &'cel templates onlycontainlimitedfunctionalitybutourtemplatesproduce comple' automated reportsbasedonlimiteduserinput. )ou alsodon*t needadvanced &'cel s+ills in order to use our templates , all our templates only re$uire basic user input and include comprehensive step by step instructions.About this sample fileThis &'cel document is only a sample of the loan statement template. -e.ve created this sample to enable customers to vie" the layout and features of this template. )ou "ill therefore not be able to use this version of the template , the full version of the template can only be do"nloaded after buying the template or a full membership of the &'cel S+ills "ebsite.Our full membership includes:/ !ccess to all 012 of our uni$ue &'cel templates/ 345 days access to our 3112 &'cel video tutorialsExcel Skills | Loan Statement TemplateAbout this templateThistemplateenablesuserstocompilealoanaccountstatementforanyloanthatisrepaidonamonthlybasisandsubjecttodailyinterest calculations. The template has been designed specifically for the analysis of loans that are subject to variable interest rates and also accommodates adhocloanrepayments thatfalloutsidethescopeofstandardamortizationtables.Interestcalculationsarebasedondailyloanaccountbalances (samecalculationbasisasusedbymostfinancialinstitutions)andanunlimitednumberofinterestratechangescanberecorded.Loanaccount transactions need to be recorded by the user and a comprehensive loan account statement is automatically calculated. The Loan Statement template is a simplified version of our Loan Calculation!nalysis template "hich also includes comprehensive forecasting features.About our unique templates#ur uni$ue% practical templates produce results that are more comparable to soft"are solutions than regular &'cel templates. (ost &'cel templates onlycontainlimitedfunctionalitybutourtemplatesproduce comple' automated reportsbasedonlimiteduserinput. )ou alsodon*t needadvanced &'cel s+ills in order to use our templates , all our templates only re$uire basic user input and include comprehensive step by step instructions.About this sample fileThis &'cel document is only a sample of the loan statement template. -e.ve created this sample to enable customers to vie" the layout and features of this template. )ou "ill therefore not be able to use this version of the template , the full version of the template can only be do"nloaded after buying the template or a full membership of the &'cel S+ills "ebsite.Our full membership includes:/ !ccess to all 012 of our uni$ue &'cel templates/ 345 days access to our 3112 &'cel video tutorialse!ister for a full membershipclick heree!ister for a full membershipclick hereBuy this templateclick hereBuy this templateclick here6age 3 of 78Excel Skills | Loan Statement TemplateInstructions"orksheet SummaryThe main purpose of each "or+sheet is as follo"s9Template Set#up$$$%excel#skills%comThis template enables users to compile a loan account statement for any loan that is repaid on a monthly basis and subject todailyinterestcalculations. Thetemplate"asspecificallydesignedforhomeloancalculationsbutcanbeusedforany loan "here the principles of monthly repayment and daily interest are applied.Themainpurposeofthistemplateistocalculateloanbalancesandinterestamountsbasedonthesamecalculation methodology that is applied by most financial institutions. This template can therefore be used to recalculate the amounts on the loan account statements that are received from financial institutions and can also be used to compile loan account statementsforinformalloans.Thetemplateaccommodatesmultipleinterestratechanges(variableinterestrates)% increased instalments and ad hoc loan repayments.Note:ThistemplateisasimplifiedversionofourLoanCalculation& Analysistemplate.Thedifferencebetweenthetwo templates is that the Loan Statement template only includes the statement and summary features and does not include a comprehensive forecast of interest chares and loan account balances for the remainin loan repayment period. !e also recommend downloadin our free Loan Amorti"ation template if you only want to compile a basic loan amorti"ation table.Important: If you use this template to compile loan account statements for your customers# the loan account statement and summaryshouldbeconvertedtoa$%&formatbeforebeine'mailedtocustomers.(ouarenotallowedtosendthe template in its current file format )*+cel file, to your customers because this would fall outside the scope of a sinle user license and result in a copyriht infrinement.Trans&ode,includesthedefaulttransactiontypesthatneedtobeselected"henenteringloanaccounttransactions. !dditional transaction types can also be added to the default list of transactions codes.Statement,allloanaccounttransactionsshouldberecordedonthissheet.!lltheinterestandloanaccountbalance calculations in this template are based on the transactions that are recorded on this sheet. :ote that the Statement sheet includes ;7 columns but only four of these columns re$uire user input (the columns "ith the yello" column headings). Summary , includes a monthly summary of loan account transactions that is calculated from the Statement sheet. :o user input is re$uired on this sheet.Note:Thetemplateincludesalotof comple+formulasandhasbeen desinedwithinaspecificwor-sheet structure.!e thereforedonotrecommendaddinadditionalrowsorcolumnswithinthee+istinwor-sheetframewor-becauseitmay resultinerrorsorinaccuratecalculationsbeinencountered.Ifyouthereforewanttoaddyourowncalculationstothe template# we recommend insertin a new wor-sheet for this purpose.!sidefromrecordingloanaccounttransactions%thetemplatedoesnotre$uirealotofset,up.-erecommendthatyou startbyrevie"ingthetransactiontypesontheTransCodesheet.Thedefaulttemplateincludesand?onthe Summary sheet.!ll the transaction types on the TransCode sheet are included in list bo'es in column @ on the Statement sheet. !dditional transaction types that are added to the default list of transaction types are also available for selection from these list bo'es. )ou "ill therefore be able to enter the transactions relating to these transaction types on the Statement sheet but note that all transaction types "ith transaction codes greater than or e$ual to A are grouped together in one column on the Summary sheet (column I).Note: The contents on the TransCode sheet have been included in an *+cel table. A new transaction code can therefore becreatedbysimplyenterinthenewcodeinthefirstemptycellbelowthetableincolumnA.Thetablewillthenbe e+tended automatically to include the new transaction type.!ll loan account transactions need to be recorded on the Statement sheet. This sheet includes ;7 columns but only four of these columns re$uire user input (columns "ith a yello" column heading). The contents of this sheet have been included in an &'cel table "hich means that the columns "ith light blue column headings (containing formulas) "ill automatically be copied for all ne" transactions that are recorded.-hen you therefore record any transaction% you "ill need to enter a date (in column !)% select a transaction type from the list bo' in column @% enter a ne" interest rate (only if an interest rate change transaction is being recorded% other"ise enter 1B)%enter atransaction amountin column& andthe formulasin all the othercolumns "illautomaticallybe copied from one of the e'isting ro"s in the &'cel table.Note: New transactions can be recorded by simply enterin a transaction date in the first blan- cell below the *+cel table in column A. The table will then automatically be e+tended to include the new transaction and all the formulas in the columns with a liht blue column headin will automatically be copied into the new transaction row.The first transaction that is recorded on this sheet should always be an interest rate chane transaction )transaction type ., andthistransactionshouldberecordedonthesamedateasthefirsttransactiononyourloanaccountstatement.The interest rate that is applicable to the loan should be entered in column % and the transaction amount in column * should be nil )the transaction amount for all interest rate chane transactions should always be nil,. This entry establishes the interest rate that should be used to calculate interest from the beinnin of the loan period.AllthetransactionsthatarerecordedontheStatementsheetshouldformpartofacontinuouscellrane.Thereshould thereforebenoemptyrowsbetweentransactions#otherwisetheloanaccountbalancesandthereforealsotheinterest calculations will be inaccurate.All transactions should be recorded or sorted in an ascendin date se/uence )oldest transactions first,. (ou0ll notice that if you enter a transaction that is out of se/uence# the transaction date will be hihlihted in red. This error can be corrected bysimplysortinallthetransactionsontheStatementsheetinanascendinorderbythedateinthefirstcolumn.1y sortinthetransactionsinthecorrectorder#youwillensurethatthedatese/uenceisrectifiedandthatallinterest calculations are accurate.6age 5 of 78Excel Skills | Loan Statement TemplateInstructions$$$%excel#skills%comThe following section covers the default transaction types that should be recorded on the Statement sheet:Loan AdvancesLoan 2epaymentsAd 3oc 2epaymentsInterest Capitali"ationThemonthlyinterestontheoutstandinloanaccountshouldbecapitali"edonthelastdayofeachmonth.Inorderto accomplishthis#simplyrecordaninterestcapitali"ationtransaction)selecttransactioncode4,forthelastdayofeach month.Thetransactionamountincolumn*shouldbenilbecausethemonthlyinterestcapitali"ationcalculationis performedautomaticallythrouhtheformulathathasbeenenteredincolumn&.Thisinterestcalculationonlyappliesto transaction type 4 ' if you therefore specify the incorrect transaction type# no interest will be capitali"ed to the loan at the end of the appropriate month. Also note that the date that is entered should be the last day of the month ' if you enter any other date# the interest calculation will not be accurate. The transaction date in column A will be hihlihted in orane if the incorrect interest capitali"ation date is specified.It is imperative that you don0t replace any of the formulas in the columns with liht blue column headins with alternative valuesbecauseitwillresultininaccuratecalculations.!erecommendthatyousavethetemplateunderadefaultfile name after downloadin it and save each loan statement under a different file name. (ou will then be able to revert bac- to the oriinal template if you delete any of the formulas by accident.Alltransactionamountse+ceptforloanrepaymentsandadhocrepaymentsshouldbeenteredaspositivevalues.Loan repayments and ad hoc repayments should be entered as neative values ' if you enter positive values for any repayment type transactions# the transaction amounts will be hihlihted in orane.Loan advances are amounts that are received from the financial institution "ho grants the loan. )ou can record as many loanadvancesasre$uiredbysimplyenteringtheappropriatetransactiondate%selectingtransactiontype;andentering the appropriate loan advance amount in the Transaction !mount column (column &). Loan advances should be entered as positive amounts.=or the purpose of distinguishing bet"een compulsory and voluntary loan repayments% "e have assigned scheduled loan repayments and ad hoc loan repayments to different transaction types. Scheduled loan repayments are determined by the terms in a loan agreement% "hile ad hoc loan repayments are effected at the borro"er*s o"n discretion.ScheduledloanrepaymentsneedtoberecordedontheStatementsheetbyenteringtheappropriatetransactiondate% selectingtransactiontype7andenteringtheappropriateloanrepaymentamountasanegativevalueinthe Transaction !mount column. :ote that if you enter a positive loan repayment amount% the amount "ill be highlighted in orange in the Transaction !mount column until it is rectified.The template accommodates an unlimited number of ad hoc loan repayments. It also ma+es no difference "hether the ad hoc repayment is an increased instalment or a lump sum repayment.!d hoc repayments can be recorded on the Statement sheet by simply entering the appropriate transaction date% selecting transaction type 3 and entering a negative amount in the Transaction !mount column. If you enter a positive ad hoc loan repayment amount% the amount "ill be highlighted in orange until the error is rectified.6age 4 of 78Excel Skills | Loan Statement TemplateInstructions$$$%excel#skills%comTheinterestcalculations inthistemplateare based onthedailyloanaccountbalances. Transactionsareincludedinthe daily loan account balance as if the transactions occurred at the beginning of the day. =or e'ample% if a loan repayment is datedonthe7ndofCanuary%therepaymentisdeductedfromtheloanbalanceofthepreviousdayandincludedinthe interest calculation from the 7nd of Canuary. =or month end interest capitalization purposes% the loan repayment on the 7nd "ill therefore be included in the monthly interest calculation for a period of 31 days.6age < of 78Excel Skills | Loan Statement TemplateInstructions$$$%excel#skills%comInterest 2ate Chanes5ther Loan Costs!ll interest calculations are automatically performed based on the transactions that are recorded on the Statement sheet. !s "e*ve mentioned before% it is imperative that all transactions are recorded in the correct date se$uence (ascending date order)%other"isetheinterestcalculationsmaynotbeaccurate.!llinterestcalculationsareperformedbasedonthe balances calculated in the Transaction Closing @alance column by applying the appropriate interest rate and the number of days that the balance is in effect to this amount.ThecalculatedinterestiscapitalizedtotheloanaccountbalancewhenyouenteranInterestCapitalization transactionforthelastdayoftheappropriatecalendarmonth.Notethatifyoudon'tenterthistransactionthe interest calculated for the particular month will not be added to the loan account balance and your loan account statement will not be accurate! It is therefore imperative that you add an Interest Capitalization transaction to the Statement sheet for every month that forms part of the loan period.Alsonotethatthistransactionhastobedatedonthelastdayofthemonth'ifyouuseanyotherdate#theinterest calculationwillnotbeaccurate.!ehaveimplementedconditionalformattinincolumnAtohihlihttheinterest capitali"ation transactions that are not dated on a month end date in orane. !hen you chane the transaction date to the appropriate month end date# the formattin is automatically removed.Interest capitalization transactions can be recorded by entering the appropriate month end date% selecting transaction type 0andenteringanilamountintheTransaction!mountcolumn.Thecalculatedinterestisreflectedincolumn=andis automatically added to the outstanding loan balance in column >.Thistemplateaccommodatesanunlimitednumberof interestratechanges. !n interest ratechangecanberecordedon the Statement sheet by simply entering the effective date of the interest rate change in column !% selecting transaction type 5%enteringtheappropriatene"interestrateincolumnDandenteringanilamountintheTransaction!mountcolumn. )ou*ll notice that the interest rate in column ? (used in all interest calculations) "ill change to the ne" interest rate that has beenrecorded.Interestonallsubse$uenttransactions"illbecalculatedbasedonthene"interestrate(untilthene't interest rate change transaction is recorded)."s we've mentioned before the first transaction that should be recorded on the Statement sheet is an interest rate changetransaction.Thistransactionestablishestheinterestratethatshouldbeusedtocalculateinterestfrom the beginning of the loan period. If you omit this transaction the interest rate that will be used to calculate interest on the initial loan balance will be nil and no interest will therefore be calculated and capitalized to the initial loan account balance until an interest rate is defined.Interest rate chanes can only be recorded by usin transaction type . ' if you enter a new interest rate in column % and select any other transaction type# the interest rate chane will not have any effect on interest calculations.!s "e*ve mentioned before% other loan costs (li+e admin fees and insurance) can be recorded by using transaction codes 4 and < or adding the appropriate transaction codes to the TransCode sheet and selecting the appropriate transaction type fromthelistbo'incolumn@ontheStatementsheet. Thesetransactionsusuallyrelatetocoststhatarechargedtothe loan account and should therefore be entered as positive values in the Transaction !mount column. =inancial institutions typicallyincludethesecostsinscheduledloanrepaymentsandthecostsarethereforedeductedfromtheloanaccount balance "hen you record scheduled loan repayments (transaction type 7) on the Statement sheet.6age A of 78Excel Skills | Loan Statement TemplateInstructions$$$%excel#skills%comLoan Account StatementLoan Account Summary!ll loan transactions should be entered on the Statement sheet in accordance "ith the guidance provided in the previous section. !fter reading through the previous section% you should therefore be able to record all the appropriate transactions ontheStatementsheetand"e*llno"provideguidanceonthecalculatedcolumns(columns"ithalightbluecolumn heading) on this sheet.ThetransactiondescriptionincolumnChasbeenincludedontheStatementsheetsothatitiseasytoidentifythe transactiontypesthatareselectedfromthelistbo'esincolumn@.Thelistbo'esonlyincludethetransactiontype numbers,"e*vethereforeincludedthedescriptionincolumnCtoenableuserstorevie"thetransactiontypethathas been selected.The calculated interest in column = represents the amount of interest that is capitalized to the loan account at the end of every calendar month. !ll scheduled loan repayments consist of an interest and capital portion , this column includes the interestportionthatiscalculatedbasedonthedailyloanaccountbalancesduringtheparticularmonthlyperiod.This column should therefore only contain one calculated interest amount per calendar month.The monthly interest amount that should be capitalized is the total of all the accrued interest amounts in column L for the particular month. The accrued interest is calculated from the interest rate in column ?% the interest days in column C and the transaction closing loan balance in column E.Theoutstandingloanbalanceoneachtransactiondateiscalculatedincolumn>.Thisamountrepresentsthecapital balance that is still outstanding on the loan.The monthly capital portion of the loan repayments can be calculated by addin the interest and other costs toether and deductin the sum of the scheduled loan repayments and the ad hoc loan repayments from this amount. Note that it may therefore be easier to calculate this amount from the totals on the Summary sheet.The Summary sheet includes a complete brea+do"n of the movements on the loan account for all monthly periods. !ll the totals on this sheet are calculated from the transactions that are entered on the Statement sheet. :o user input is re$uired on this sheet , users are only re$uired to e'tend the &'cel table for the appropriate number of ne" ro"s in order to add the re$uired number of monthly periods to the summary.Note: The contents of this sheet have been included in an *+cel table. The table can be e+tended by clic-in the arrow in thebottomrihtcornerofthetableanddrainthetableborderdownwardsforthere/uirednumberofrows.Allthe formulas that are included in the table will be copied automatically.ThefirstmonthlyperiodontheSummarysheetisdeterminedbythetransactiondateofthefirsttransactiononthe Statementsheet.Thetransactiondateinro"0ontheStatementsheetthereforedetermines"hichmonthlyperiodis displayedinthefirstro"oftheSummarysheet.!llsubse$uentmonthlyperiodsontheSummarysheetarecalculated based on the first monthly period.The Loan !dvance column is calculated based on all the transactions "ith a transaction type of ; on the Statement sheet. Scheduled loan repayments (transaction type 7)% ad hoc repayments (transaction type 3)% interest capitalized (transaction type0)%adminfees(transactiontype4)%insurancepremiums(transactiontype