Recurring Journals
Recurring Journals Table
If the accounts and the amounts are identical each month, then such journals can be entered in the Recurring Journals table in NEOSYS
Company
Company in Finance>Settings is chosen automatically. Manually enter the company code or use the search icon to choose from list of existing companies.
Journal
Choose the journal type for the recurring postings from drop down
Post Upto Date
Enter date upto which recurring journals must be posted.
Start Date
Enter start date for the recurring journal
Details
Enter details for the specific recurring journal
Frequency
Enter frequency of posting journal (daily, every period, monthly, quarterly, annually and every time)
- Choose Daily to post entries on each day between the Start date and Post upto date. All the entries will be in a single batch
- Choose Every period to post entries on the last day of the period
- Choose Monthly to post entries on the same date as start date, every month. Similarly choose Quarterly for every quarter and Annually for every year.
- Choose Everytime to post entries on the Start date and Post Upto date only
Currency
Manually enter currency code OR choose currency using search icon
Total Amount
Total amount i.e. sum of all installments in the recurring journal
Number of instalments
Specify number of installments
Instalment
Single installment amount based on total amount and number of instalments.
Changing any one of the above three fields re-calculates the other two.
Date Last Posted
Date the last posting was made, which is on or before the Post Upto date, depending on the frequency chosen.
Amount posted to date
Total of Amount of instalments posted upto the Date Last Posted
Remainder
Remaining amount to be posted automatically calculated
Debit A/c and Credit A/c
Specify Account code of the debit account and credit account manually or using search icon
Debit Analysis code and Credit Analysis code
Analysis code is must and only required for accounts which are defined as a bill or cost account on billing analysis type
