Process Recurring Journal Entries

Owned by Stephen Juliano (Unlicensed)
Last updated: Jun 15, 2022 by Colleen Juliano
2 min read

Table of Contents

Overview

After entering all recurring entries and verifying the accuracy of each, it is still necessary to process them. Processing the entries will officially make them known to the system; everything else is just the set up. It is only after processing that the Journal Entries will affect the Balance Sheet and Income Statement. These journal entries will still need to be processed every month, however because they are set up as recurring you will not have to re-enter them.

Detail

  • Starting and Ending Recurring Journal Entry Numbers - Enter the starting and ending Recurring Journal Entry Number that you need processed (leave the fields blank to include all)

  • Next Recurring Date between – choose the range from the drop down menu box or type in your own.

  • GL Post Date – the date the transactions will post to the GL it will default to the end of the month but can be changed

  • Overdue Entries – check this box to include any entries that have past their due date and therefor would not normally fall into the date range.

  • Print Detail – If you would like the detail from these entries check this box

Press the Process Journal Entries Button. A Recurring Journal Entry Transaction Report will display on screen if this looks correct press the print button to create a hard copy of the report. You will be asked if it is okay to process transactions: Press Yes or No.
Note: The system will notify you if there are recurring entries for the current period that have not been processed. In the Sub-Ledger status screen, a message will display that states there are recurring entries that will need to be processed for this period. All default values can be changed. 

GL > Recurring Journal Entries > Process Recurring Journal Entries

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