> ## 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.

# Recalculate accounting schedules

> Create a new version of an accounting schedule after lease changes such as modifications or term extensions.

When lease terms change — such as a rent modification, term extension, or remeasurement — you recalculate the accounting schedule. The system archives the old schedule and activates a new one.

<Steps>
  <Step title="Review recent changes">
    Start by checking **Lease Details → Change History** to understand what changed on the lease. Then review the key components: key dates, options and terms, and recurring costs.
  </Step>

  <Step title="Open the active schedule">
    Go to **Lease Financials → Lease Accounting**. Select the active schedule from the list.

    <Warning>Verify that all periods have been posted with no gaps before recalculating. A gap in posting status will block the recalculation with an error message.</Warning>
  </Step>

  <Step title="Click Recalculate">
    Click the **Recalculate** button. The button is disabled if there are no processed periods on the schedule.
  </Step>

  <Step title="Fill in the recalculation form">
    The pop-up shows the original schedule in read-only mode. Complete the following:

    * **Reason checkboxes** — indicate the reason for recalculation (for example, Term Extension)
    * **New Effective To Date** — defaults to the latest option term marked "Include in Accounting Schedule"
    * **Included Payment Types** — carry over from the original schedule
    * **New Borrowing Rate** — enter if not auto-populated
    * **Additional Incentives or Direct Costs** — if applicable
    * **Cease Use Date** — if applicable
  </Step>

  <Step title="Recalculate">
    Click **Recalculate** in the pop-up. The system archives the original schedule and creates a new active schedule.
  </Step>

  <Step title="Review the new schedule">
    Click the **Schedule** tab to view the updated amortization. Use **Export** to download for review.
  </Step>
</Steps>

<Info>The Accounting Schedules Requiring Review action on the lease home shows all schedules with a status of "Recalculate" — a useful starting point when lease changes have triggered automatic status updates.</Info>