|
Overview
Recurring Entries allow you to create journal entries that occur multiple times over a time frame.
Key Concepts
| • | Recurring entries can be made for all journals except Employee Reimbursable, Receipts and Cash Disbursements. Recurring entries are implemented by using a mass copy operation. |
| • | To make a recurring entry, you must first enter one transaction. After entering a transaction, click on the "Recurring Entry" button located on the toolbar to copy a specified number of times, beginning with a specified G/L period. |
| • | 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. |
| • | The user must have the required G/L periods established. They do not have to be open periods. |
Field Descriptions
| • | 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. |
|