Module: Accounts Receivable Applet: Sales 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 - After entering a transaction, click on 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 assigned invoice number 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.
| • | Number of Transactions - Number of copies |
| • | G/L Period - The G/L Period is the first or starting period for the first copy. It will automatically increment for each subsequent copy. |
| • | Transaction Date - The 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.
