Building a loan amortization table in WPS Spreadsheet helps you track your debt repayment systematically.

You might be repaying a student loan, home equity loan, or business financing an amortization schedule breaks down each payment into principal and interest components, helping you track your financial progress.

As a powerful alternative to Excel, WPS Spreadsheet delivers all the functions needed to construct precise amortization tables.

First, initialize a new workbook within the WPS Spreadsheet application.

Use the first row to define column headings for easy data tracking.

Typical columns are: Payment ID, Due Date, Opening Balance, Monthly Payment, Principal Reduction, Interest Charges, and Closing Balance.

It’s helpful to reserve a dedicated area for core inputs: total borrowed, interest percentage, and total payments.

By linking formulas to these cells, your schedule dynamically adjusts with any change in loan parameters.

Place your loan variables in a distinct region above the payment table.

Store the principal in B2, the APR in B3, and the term length in B4.

Format the interest rate as a percentage and ensure the payment count is a whole number.

This structure lets you modify inputs without touching any calculation logic.

Start the installment counter with the value 1 in the initial row.

In the second row, apply =A2+1 and extend it downward to auto-generate all payment numbers.

For the Payment Date, you can either manually enter the first payment date or use the DATE function to generate a series.

Such as =DATE(YEAR(start_date),MONTH(start_date)+ROW()-2,DAY(start_date)) if you are auto-generating monthly dates.

Set the opening balance of the first payment to reference the loan principal: =B2.

For subsequent rows, the beginning balance will be the ending balance from the previous row.

Reference the prior row’s ending balance with =G2 and copy it downward.

For fixed monthly payments, apply the PMT function to determine the consistent installment.

12,B4,-B2) in a designated cell for payment calculation.

The function adjusts the annual rate to monthly terms and negates the principal to ensure a positive payment result.

Reference this cell in every row of the Payment Amount column to ensure consistency.

Use IPMT to compute the interest component of each installment.

Enter =IPMT(monthly_rate, current_period, total_periods, -loan_amount) in the Interest Paid column.

It extracts the interest due for that specific payment cycle.

12,A2,B4,-B2) to compute the principal reduction.

As you copy the formulas downward, they dynamically update for every payment period.

Subtract the Principal Paid amount from the Beginning Balance to find the remaining debt.

For the initial row, apply the formula =Beginning_Balance - Principal_Paid.

Continue the pattern with =C3-E3, =C4-E4, and so on.

Extend the formula to the final payment row to complete the schedule.

As you reach the final payment, you may notice a small rounding difference.

Correct the final payment’s principal so the balance reads $0.00.

Use =IF(A2=B4,0,C2-E2) to force the final balance to zero.

Enhance readability by applying consistent formatting.

Use currency style for all financial fields, right-justify digits, and insert gridlines between rows and columns.

You can also add conditional formatting to highlight the decreasing interest and increasing principal portions over time.

You can analyze your debt trajectory, forecast early repayment outcomes, or evaluate refinancing options by tweaking inputs.

wps office下载 Spreadsheet’s compatibility with Excel means your file can be opened and edited across devices.

This makes it perfect for everyday financial planning and budgeting.

With this amortization schedule in place, you gain transparency into your debt repayment and can make informed financial decisions with confidence