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| Accpac tip about Accounting and I/C, O/E, P/O |
Week |
Aug week 1 2011 |
Subject |
G/L Recurring Entries |
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Use the G/L Recurring Entries form to set up journal entries for transactions that recur on a periodic basis. |
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As part of the setup, you assign recurring entry codes for easy lookup, specify the parameters that control when these transactions go into effect, attach schedules for processing, and define the individual transactions these entries are composed of. |
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Transaction fields that appear in the grid section of this form are identical to those in the Journal Entry form. |
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This form: |
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• Allows you to define recurring journal entries, as well as modify and delete them. |
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• Contains fields for specifying each type of recurring entry, assigning a code to it, defining how it will be processed, and entering transaction details. |
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• Allows you to attach a defined schedule, or navigate to the Schedule form to create a schedule that specifies when recurring entries must be processed. |
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• Displays current credit and debit totals for your entry, along with the amount (if any), by which the entry is out of balance. |
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Recurring Entry Code |
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Each recurring journal entry is identified by a unique recurring entry code, which reflects the nature of the journal entry. |
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To see a list of codes that have been defined in General Ledger, click the Finder button next to the Recurring Entry Code field on the Recurring Entry Setup form, or the Create Recurring Batch form. |
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To create a new recurring entry code, open the Recurring Entry Setup form, and click the “New” icon. Enter up to 15 characters. For example, if you are creating a recurring journal entry for a monthly depreciation of capital equipment, you might type the code, assets depreciate. |
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