Fixed monthly or itemised schedule

With a fixed monthly schedule you enter one amount and one day, and the instalments are worked out for you. With an itemised schedule you enter the instalments row by row – needed for annuity leases and anything that is not paid monthly.

• Fixed monthly – for example a working-capital loan repaying the same amount every month. If the payment day is the 31st, shorter months use their last day.
• Itemised – an annuity lease (the principal part grows, the interest falls) or a quarterly interest payment. These cannot be described with one monthly amount.

Once saved, the schedule type cannot be switched, because the two modes store different data.

Convert to itemised – if you need to change a single month on a fixed monthly loan, the button on the card turns the calculated instalments into editable rows. It cannot be converted back, as that would discard the rows you have edited.