From NEOSYS User Support Wiki
Jump to navigationJump to search
|
|
| Line 1: |
Line 1: |
| [[file:recuringjournal.jpg|center|frame|Recurring Journals Table]] | | [[file:recuringjournal.jpg|center|frame|Recurring Journals Table]] |
|
| |
| 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.
| |
|
| |
| 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.
| |
|
| |
| If the accounts and the amounts are identical each month, then such journals can be entered in the Recurring Journals table in NEOSYS.
| |
|
| |
| #Goto Menu>Finance>Journals>Recurring Journals
| |
| #Choose options under Company and Journal type.
| |
| #Enter details and save the table. On saving, you can choose to save only, preview the journals to be posted or post the journals.
| |
|
| |
| 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.
| |
Revision as of 12:40, 4 June 2014
Recurring Journals Table
