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