Create a Recurring Journal Entry

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Expand/Collapse item  Overview

You can post journal entries that do not automatically change from period to period from depreciation and amortization. You can create a new recurring journal entry or create a recurring journal entry from a posted journal entry.

Expand/Collapse item  Before You Begin

  • Only one user at a time can use this window.

 

To create a recurring journal entry

  1. Select General Ledger Main menu > Recurring Journal Entry.

  2. In the Source Journal field, enter a source journal for posting your recurring journal entry. For more information, see Recurring Journal Entry - Fields.

  3. In the Reference field, type a reference ID for the journal entry of up to six characters.

  4. To create a recurring journal entry from a posted journal transaction, click the Copy From Source Journal History button and select a journal entry. Information from the selected journal entry displays.

  5. In the Select Cycle field, enter the posting cycle for this journal entry.

  6. To restrict transactions within a date range, enter the Start Date and Stop Date fields. Enter the Journal Comment field if necessary.

  7. Click the Lines tab and enter the Acct No., Debit, Credit, and Comment fields for each line item of the recurring journal entry.

  8. Refer to the Debits, Credits, and Net Balance fields to verify that the journal entry is in balance.

  9. To review the information entered for accuracy, click Listing to print the Recurring Journal Listing. For more information, see Recurring Journal Listing. Click Accept.

The recurring journal entry is saved. To post recurring journal entries, click the Print button and print the Recurring Journal. For more information, see Recurring Journal.