> ## Documentation Index
> Fetch the complete documentation index at: https://docs.tangoanalytics.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Create an accounting schedule

> Generate a lease accounting schedule under FASB 842, IFRS 16, or other supported standards.

Accounting schedules calculate the straight-line amortization and ROU asset values for a lease. Tango supports FASB Topic 840, FASB Topic 842, IFRS 16, and IAS 17.

## Before you begin

Review the following components on the lease before creating a schedule:

* **Basic Info → Key Dates** — the Possession Date becomes the default schedule begin date.
* **Options and Terms** — any renewal options with **Include in Accounting Schedule** checked extend the default schedule end date.
* **Recurring Costs** — only costs recorded here can be included in the schedule.

## Create the schedule

<Steps>
  <Step title="Navigate to Lease Accounting">
    From the lease home, select the lease and click **Lease Financials**, then click the **Lease Accounting** tab.
  </Step>

  <Step title="Create a new schedule">
    Click **New**. The list on the left will show all existing schedules; use the **Active Schedules** radio to filter if needed.
  </Step>

  <Step title="Fill in schedule information">
    * **Accounting Standard** — for example, FASB Topic 842
    * **Effective From / To** — defaults from the options and terms; edit if needed
    * **Lease Treatment** — Operating Lease, Finance Lease, or Direct Lessor Financing
    * **Incremental Borrowing Rate** — auto-fills if rates are configured; otherwise enter manually
    * **Expense Type**, **Asset Class**, and **Currency**
    * **Schedule Status** — set to **Draft** initially so the schedule does not appear in reports until reviewed
  </Step>

  <Step title="Enter financial information">
    * **Direct Costs / Adjustment** and **Incentives / Adjustment** — enter dollar amounts if applicable
    * **Included Payment Types** — select the recurring cost payment types (for example, Base Rent) to pull dollar amounts into the calculation

    <Info>If a payment type does not appear in the list, verify that the recurring cost record exists in Lease Details → Recurring Costs.</Info>
  </Step>

  <Step title="Save before calculating">
    Click **Save**. It is important to save all inputs before running the calculation.
  </Step>

  <Step title="Calculate the schedule">
    Click **Calculate Schedule**. The system generates the amortization schedule.
  </Step>

  <Step title="Review the schedule">
    Click the **Schedule** subtab to see the straight-lined calculation by period. Use the top row of the table to search for a specific period or year. Use **Export** to download the schedule to Excel.
  </Step>

  <Step title="Activate the schedule">
    Return to the **Basic Info** subtab and change the **Schedule Status** from Draft to **Active** once you have reviewed and confirmed the schedule.
  </Step>
</Steps>

<Note>Multiple schedule versions will accumulate over the life of a lease due to recalculations. Archived versions remain visible in the list for historical reference.</Note>