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Drake Software User’s ManualEIN DatabaseTable 11-4: Amortization Schedule Fields and DescriptionsAmortizationSchedule FieldAnnual InterestPayment AmountPayment TypeDate of First PaymentDescriptionThe annual interest amount for the loan. This amount is calculatedautomatically. If the interest is unknown but the payment amount isknown, leave this field blank.The amount of the payment. In most cases, this amount is calculatedautomatically based on the other information entered. If thisfield is left blank and the interest amount is entered in the AnnualInterest field, the program displays the calculated paymentamount in this field.The payment type. Select one of two types of payments: FixedPayment or Fixed Principal. (The default is Fixed Payment.)Due date of the first payment. This entry is used to determine thedates for subsequent payments.EIN DatabaseTo send the schedule to the printer, click Print. To save it for viewing throughReports > Report Viewer, click Save, designate a filename, and click Save.The program stores all EINs and related data in the EIN database for later retrieval.Use the Edit EIN Database tool to add, edit, or delete an employer’s information.Adding or Editing Employer InformationTo add an employer to the EIN database:1. From the Home window, go to Tools > Edit EIN Database.2. (If editing) Enter or select the EIN to edit, or begin typing the name of theemployer and select it when it appears in the list below.3. Click New (if adding) or Edit (if editing).4. Modify or complete the fields in the Edit EIN/Employer Listing dialog box.5. Click Save.Deleting Employer InformationTo delete employer data from the EIN database:1. From the Home window, go to Tools > Edit EIN Database.2. Enter or select the EIN to delete, or begin typing the name of the employer andselect it when it appears in the list below.3. Click Delete.4. Click Yes when prompted to confirm the deletion.Click Exit to close the EIN/Employer Database dialog box.Tax Year 2008 261