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Add/Edit Recurring Journal Entries
Recurring journal entries may be entered by selecting the Add/Edit Recurring Journal Entries Module step. A box at the top of the form indicates the last accounting period to which the recurring journal entries have been updated.
The purpose of this Module step is to allow you to set up standard recurring journal entries and then record them in each accounting period by just running a Module step. The type of entries appropriate to set up might be monthly depreciation or amortization entries. Other possible entries might include monthly accruals or charges for liability insurance. The recurring journal entries are then updated to the appropriate accounting period by selecting the Update Recurring Journal Entries Module step from the General Ledger Module - Action "Ribbon".
For step-by-step instructions, see the Common G/L Transactions section.