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Recurring Journal Entries
1. To setup recurring journal entries go to General Ledger >> Journal Entries >> Recurring >> Enter/Edit. Recurring journal entries are entries you want to update the general ledger each month. 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. Enter the account numbers, description and amount of the debit or credit.
2. The recurring journal entries are then updated to the appropriate accounting period by selecting General Ledger >> Journal Entries >> Recurring >> Post Recurring.