Module: Accounts Payable Applet: Purchase Journal |
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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.
