Updating Recurring Journal Entries

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Updating Recurring Journal Entries

The kinds of entries appropriate to set up as standard might be standard monthly depreciation or amortization entries. Other possible entries are monthly accruals or charges for liability insurance. These entries are put in using the Add/Edit Recurring Journal Entries Module step on the General Ledger Module - Data Entry "Ribbon". After the standard journal entries are entered they can then be updated to the appropriate accounting periods by the following steps.
1. From the General Ledger Module, choose the Action "Ribbon" and the Update Recurring Journal Entries Module step.
2. The G/L Update Setup form will be displayed.
3. Select the Period End Date of the accounting period you wish to update.
4. Press [Cancel] to quit without updating -or- Press [OK] to update the standard entries to the selected accounting period.
5. If you select a period ending date that has already been updated, you will receive a warning message.
6. Press [OK] to return to the Update the Standard Journal Entries form and select a new date.
7. If the selected period has not been updated then the standard journal entries will be posted to the journal entry table and you will return to the main Module.