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Instructions www.excel-skills.com
This template enables users to compile an investment account statement for any fixed term deposit. The investment account statement includes interest calculations that are based on daily investment account balances and capitalized to the investment account on any user defined date. The template provides for multiple investments of funds, withdrawal of funds, interest payments, bank charges, interest rate changes and investment accounts can be compiled for any investment period. The main purpose of this template is to compile investment accounts and calculate interest based on the same calculation methodology that is applied by most financial institutions. This template can therefore be used to recalculate the amounts on account statements that are received from financial institutions and can also be used to compile investment account statements for informal investments. Important: If you use this template to compile investment account statements for your clients, the investment account statement and summary should be converted to a PDF format before being e-mailed to clients. You are not allowed to send the template in its current file format (Excel file) to your clients because this would fall outside the scope of a single user license and result in a copyright infringement.
Worksheet Summary
The main purpose of each worksheet is as follows: TransCode - includes the default transaction types that need to be selected when entering investment account transactions. Additional transaction types can also be added to the default list of transactions codes. Statement - all investment account transactions should be recorded on this sheet. All the interest and investment account balance calculations in this template are based on the transactions that are recorded on this sheet. Note that the Statement sheet includes 10 columns but only four of these columns require user input (the columns with the yellow column headings). Summary - includes a monthly summary of investment account transactions that is calculated from the Statement sheet. No user input is required on this sheet. Note: The template includes a lot of complex formulas and has been designed within a specific worksheet structure. We therefore do not recommend adding additional rows or columns within the existing worksheet framework because it may result in errors or inaccurate calculations being encountered. If you therefore want to add your own calculations to the template, we recommend inserting a new worksheet for this purpose.
Transaction Codes
The TransCode sheet contains a list of 6 default transaction types that can be used to record transactions on the investment account statement. The default transaction types should be left unchanged but you can add additional transaction types to the list if required. Each of the default transaction types has a specific purpose and if you therefore change the type of transaction that is associated with the default transaction code, you may encounter inconsistencies in the template calculations. All the transaction types on the TransCode sheet are included in list boxes in column B on the Statement sheet. Additional transaction types that are added to the default list of transaction types are also available for selection from these list boxes. You will therefore be able to enter the transactions relating to these transaction types on the Statement sheet but note that all transaction types with transaction codes greater than or equal to 7 are grouped together in one column on the Summary sheet (column H).
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The Investments of Funds transaction type should be used for all deposits of funds into the investment account. This includes the initial investment of funds and all subsequent deposits into the investment account. You can record as many investments of funds as required by simply entering the appropriate transaction date, selecting transaction type 1 and entering the appropriate amount in the Transaction Amount column (column E). All investments of funds should be entered as positive amounts. If you enter a negative amount, the amount will be highlighted in orange until the error is rectified.
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All investment account transactions should be entered on the Statement sheet in accordance with the guidance provided in the previous section. After reading through the previous section, you should therefore be able to record all the appropriate transactions on the Statement sheet and we'll now provide guidance on the calculated columns (columns with a light blue column heading) on this sheet.
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Transaction Codes
Code
1 2 3 4 5 6
Transaction Type
Investment of Funds Withdrawal of Funds Bank Charges Interest Capitalized Interest Rate Change Interest Paid
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Date
9/27/2009 9/27/2009 10/25/2009 10/27/2009 11/5/2009 11/25/2009 11/27/2009 12/25/2009 12/27/2009 1/25/2010 1/27/2010 2/25/2010 2/27/2010 3/15/2010 3/25/2010 3/26/2010 3/27/2010 4/25/2010 4/27/2010 5/5/2010 5/25/2010 5/27/2010 6/25/2010 6/27/2010 7/25/2010 7/27/2010 8/25/2010 8/27/2010 9/12/2010 9/25/2010 9/27/2010 10/25/2010 10/27/2010 11/10/2010 11/25/2010
Code
5 1 3 4 2 3 4 3 4 3 4 3 4 1 3 5 4 3 4 2 3 4 3 4 3 4 3 4 5 3 4 3 4 5 3
Transaction Description
Interest Rate Change Investment of Funds Bank Charges Interest Capitalized Withdrawal of Funds Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Investment of Funds Bank Charges Interest Rate Change Interest Capitalized Bank Charges Interest Capitalized Withdrawal of Funds Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Interest Rate Change Bank Charges Interest Capitalized Bank Charges Interest Capitalized Interest Rate Change Bank Charges
Transaction Amount
250,000.00 -42.00 -30,000.00 -42.00 -42.00 -46.00 -46.00 50,000.00 -46.00 -46.00 -13,000.00 -46.00 -46.00 -46.00 -46.00 -46.00 -46.00 -46.00
Capitalized Interest
1,571.21 1,440.93 1,355.87 1,409.32 1,417.89 1,412.65 1,631.15 1,530.99 1,572.95 1,530.87 1,590.60 1,539.83 1,443.73 -
Account Balance
250,000.00 249,958.00 251,529.21 221,529.21 221,487.21 222,928.14 222,886.14 224,242.00 224,196.00 225,605.32 225,559.32 226,977.20 276,977.20 276,931.20 276,931.20 278,343.85 278,297.85 279,929.00 266,929.00 266,883.00 268,413.99 268,367.99 269,940.95 269,894.95 271,425.82 271,379.82 272,970.42 272,970.42 272,924.42 274,464.25 274,418.25 275,861.98 275,861.98 275,815.98
Interest Rate
7.40% 7.40% 7.40% 7.40% 7.40% 7.40% 7.40% 7.40% 7.40% 7.40% 7.40% 7.40% 7.40% 7.40% 7.40% 6.90% 6.90% 6.90% 6.90% 6.90% 6.90% 6.90% 6.90% 6.90% 6.90% 6.90% 6.90% 6.90% 6.40% 6.40% 6.40% 6.40% 6.40% 5.90% 5.90%
Interest Days
0 0 28 3 8 20 3 27 3 28 3 28 3 15 10 1 2 28 3 7 20 3 28 3 27 3 28 3 15 13 3 27 3 13 15
Accrued Interest
1,419.18 152.03 407.96 898.26 134.71 1,220.30 135.56 1,272.96 136.36 1,280.70 137.19 690.26 561.54 56.14 104.70 1,473.32 157.83 370.43 1,009.21 151.36 1,420.76 152.20 1,377.81 153.06 1,436.70 153.91 774.04 622.22 143.57 1,299.38 144.35 628.81 668.87
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Date
11/27/2010 12/25/2010 12/27/2010 1/25/2011 1/27/2011 2/25/2011 2/27/2011 3/25/2011 3/27/2011 4/25/2011 4/27/2011 5/25/2011 5/27/2011 6/25/2011 6/27/2011 7/25/2011 7/27/2011 8/25/2011 8/27/2011 9/25/2011 9/27/2011 10/25/2011 10/27/2011 11/25/2011 11/27/2011 12/25/2011 12/27/2011 1/25/2012 1/27/2012 2/25/2012 2/27/2012 3/25/2012 3/27/2012 4/25/2012 4/27/2012
Code
4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4
Transaction Description
Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized
Transaction Amount
-46.00 -50.00 -50.00 -50.00 -50.00 -50.00 -50.00 -50.00 -50.00 -50.00 -50.00 -50.00 -50.00 -56.00 -56.00 -56.00 -56.00 -
Capitalized Interest
1,431.44 1,344.44 1,395.76 1,402.50 1,272.89 1,415.41 1,376.37 1,428.89 1,389.49 1,442.52 1,449.49 1,409.52 1,463.32 1,422.97 1,477.28 1,484.40 1,395.33 1,498.27
Account Balance
277,247.42 277,201.42 278,545.86 278,495.86 279,891.62 279,841.62 281,244.12 281,194.12 282,467.01 282,417.01 283,832.42 283,782.42 285,158.79 285,108.79 286,537.68 286,487.68 287,877.17 287,827.17 289,269.68 289,219.68 290,669.18 290,619.18 292,028.70 291,978.70 293,442.02 293,392.02 294,814.99 294,758.99 296,236.27 296,180.27 297,664.67 297,608.67 299,004.00 298,948.00 300,446.26
Interest Rate
5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90%
Interest Days
3 27 3 28 3 28 3 25 3 28 3 27 3 28 3 27 3 28 3 28 3 27 3 28 3 27 3 28 3 28 3 26 3 28 3
Accrued Interest
133.75 1,210.01 134.42 1,260.71 135.05 1,266.80 135.70 1,136.53 136.36 1,278.45 136.95 1,238.75 137.62 1,290.64 138.26 1,250.56 138.93 1,302.94 139.58 1,309.24 140.25 1,268.59 140.93 1,321.73 141.59 1,280.69 142.28 1,334.34 142.94 1,340.77 143.63 1,251.01 144.32 1,353.30 144.97
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Date
5/25/2012 5/27/2012 6/25/2012 6/27/2012 7/25/2012 7/27/2012 8/25/2012 8/27/2012 9/25/2012 9/27/2012 10/25/2012 10/27/2012 11/25/2012 11/27/2012 12/25/2012 12/27/2012 1/25/2013 1/27/2013 2/25/2013 2/27/2013 3/25/2013 3/27/2013 4/25/2013 4/27/2013 5/25/2013 5/27/2013 6/25/2013 6/27/2013 7/25/2013 7/27/2013 8/25/2013 8/27/2013 9/25/2013 9/27/2013 10/25/2013
Code
3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3 4 3
Transaction Description
Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized Bank Charges
Transaction Amount
-56.00 -56.00 -56.00 -56.00 -56.00 -56.00 -56.00 -56.00 -60.00 -60.00 -60.00 -60.00 -60.00 -60.00 -60.00 -60.00 -60.00 -60.00
Capitalized Interest
1,456.93 1,512.52 1,470.79 1,526.90 1,534.28 1,491.95 1,548.88 1,506.15 1,563.62 1,571.16 1,425.95 1,585.58 1,541.83 1,600.65 1,556.48 1,615.86 1,623.66 -
Account Balance
300,390.26 301,847.20 301,791.20 303,303.71 303,247.71 304,718.50 304,662.50 306,189.41 306,133.41 307,667.68 307,611.68 309,103.63 309,047.63 310,596.51 310,540.51 312,046.66 311,986.66 313,550.29 313,490.29 315,061.45 315,001.45 316,427.39 316,367.39 317,952.97 317,892.97 319,434.79 319,374.79 320,975.44 320,915.44 322,471.92 322,411.92 324,027.79 323,967.79 325,591.45 325,531.45
Interest Rate
5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90% 5.90%
Interest Days
27 3 28 3 27 3 28 3 28 3 27 3 28 3 27 3 28 3 28 3 25 3 28 3 27 3 28 3 27 3 28 3 28 3 27
Accrued Interest
1,311.26 145.67 1,366.17 146.35 1,323.73 147.05 1,379.16 147.74 1,385.82 148.45 1,342.78 149.17 1,399.01 149.87 1,355.56 150.59 1,412.33 151.29 1,419.14 152.02 1,273.19 152.75 1,432.16 153.42 1,387.67 154.16 1,445.77 154.87 1,400.86 155.62 1,459.52 156.35 1,466.56 157.10 1,421.01
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Date
10/27/2013 11/25/2013 11/27/2013 12/25/2013 12/27/2013
Code
4 3 4 3 4
Transaction Description
Interest Capitalized Bank Charges Interest Capitalized Bank Charges Interest Capitalized
Transaction Amount
-60.00 -60.00 -
Capitalized Interest
1,578.87 1,639.11 1,593.89
Account Balance
327,110.31 327,050.31 328,689.42 328,629.42 330,223.31
Interest Rate
5.90% 5.90% 5.90% 5.90% 5.90%
Interest Days
3 28 3 27 3
Accrued Interest
157.86 1,480.51 158.60 1,434.53 159.36
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