Make Recurring Entries

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Module:  Accounts Payable

Applet:  Purchase Journal

 


Description - Recurring entries can be made for all journals except employee reimbursable and cash disbursements. Recurring entries are implemented by using a mass copy operation.

Step 1 - To make a recurring entry you must first enter one transaction.

Step 2 - The user then uses the Recurring Entry button to copy a specified number of times, beginning with a specified G/L period.

Note - In the case of purchases and sales, the invoice number that it assigns is the same as the G/L period code. The recurring entry button becomes activated when you recall an existing transaction to the screen (this will be the transaction it copies).

Step 3 - When the option is selected, the user will need to give it three pieces of information.

Step 4 - Click Save.

 

Number of Transactions - Number of copies

 

G/L Period - First, or starting, G/L period for the first copy. Will automatically increment for each subsequent copy.

 

Transaction Date - First transaction date for the first copy. Automatically adds thirty days for each subsequent copy.

 

Note - The user must have the required G/L periods established. They do not have to be open periods.

 

Journal_Recurring_Entry