How to create and use reoccurring journal entries.
You can create a list of reoccurring journal entries and post them as a group. This will save time with making routine entries. Journal entries not assigned to a 'Reoccurring List' will be deleted once posted.
First create a name for the reoccurring journal entries:
If you want to name a category to assign a group of reoccurring journal entries. A default 'Standard Reoccurring' group is preloaded into Studio Designer.
- Select 'Settings'
- Select 'Reoccurring Lists'
- Select '+ New Reoccurring List'
- Enter a new name for your reoccurring list. (Example: Payroll)
- Save
Create new journal entries and link them.
Linking the two journal entries with a common 'Reoccurring List' name will make them available to you when needed.
(Remember you need two entries in a double entry accounting system)
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Select 'Accounting'
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Select 'Journal Entry'
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Select 'New Journal Entry'
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Create new journal entries and link the reoccurring list name to each entry.
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Complete the entry details.
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Enter the reoccurring list name in the Reoccurring List section.
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Save and repeat the above step to create the second entry.
Using the Reoccurring List.
- Select 'Accounting'
- Select 'Journal Entry'
- Select the reoccurring journal entries from the 'Reoccurring List'
- Those journal entries should now be visible in the listing.
- Enter the date you want assigned to the reoccurring entries in Journal Date.
- Select the 'Post Entries' button.