Recurring Journals

Important

Data posted using Recurring Journals is posted as a standalone data. Ability to post data at the group or the parent levels will be available in future.

Recurring Journal Entries are entries that do not change across time. These entries are regular journal entries with automatic creation over the selected period. For example, depreciation expense of a trucking organization that depreciates the value of their trucks every period by 10 percent. The organization can create a recurring journal entry to debit the Depreciation Expense account and credit the Accumulated Depreciation account. Using the Recurring Journal, you can automate creation of entries and consistently apply them for each period within the consolidation process. This reduces manual intervention, eliminates chances of manual error, and brings efficiency.