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| [[file:recuringjournal.jpg|center|frame|Recurring Journals Table]] | | [[file:recuringjournal.jpg|center|frame|Recurring Journals Table]] |
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| Accountants would generally like to avoid serial work and automate certain repetitive journal entries. A recurring journal entry is a journal entry that is recorded in every accounting period.
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| For example, a company issuing monthly financial statements might record Insurance charges by debiting Vehicle Insurance Expense (VEIN) for AED10,000 and crediting Prepaid Vehicle Insurance (PRVI) for AED10,000 each and every month.
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| If the accounts and the amounts are identical each month, then such journals can be entered in the Recurring Journals table in NEOSYS.
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| #Goto Menu>Finance>Journals>Recurring Journals
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| #Choose options under Company and Journal type.
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| #Enter details and save the table. On saving, you can choose to save only, preview the journals to be posted or post the journals.
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| The posted journals will be linked to the company chosen in the company field. The posted journal can be queried on the Journal Entry/Query screen.
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Latest revision as of 07:01, 5 June 2014
Recurring Journals Table
