January 27, 2022
Get up to speed with the latest Fathom product news. Here’s a quick wrap-up of the features we’ve recently released.
We’ve added the ability to add subtotals on the Forecasting Profit and Loss grid, giving you more control over the presentation of your Forecasted P&L and additional context to sense-check your forecasted figures.
You can now toggle subtotals on and off on the P&L main grid to include summary lines like ‘Gross Profit’, ‘Operating Profit’ and ‘Net Income’. You can also select between the Standard and EBITDA layout, to aid in your analysis and presentation.
To find these controls use the ‘more options’ menu in the upper right-hand corner, and toggle on the ‘P&L Subtotal Rows’.
Our new loan schedule configuration allows you to calculate the interest accrual and cash repayment for loans that include balloon payments. Balloon payments are residual payments of principal, due in the final month of the loan term. These are common financing agreements for businesses purchasing machinery, vehicles or other equipment.
When creating or editing a schedule with a ‘loan repayment’ calculation method, you can select ‘Balloon Payment’ and input the value of the final residual payment. The calculation method will then be updated, and you’ll notice the loan repayment has smaller monthly cash repayments and larger interest accruals over the life of the loan.
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Questions, comments or feedback? We'd love to hear from you. Get in touch by sending an email to support@fathomhq.com.
Allanah is a Product Manager at Fathom, having previously worked closely with our customers in Account Management over the last few years. As a qualified CPA, Allanah brings vital accounting acumen to help us build the best possible product. Before joining the team at Fathom, Allanah studied at UCLA and worked with PwC for three years as a Senior Tax Associate.
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