Create Recurring Transactions

Recurring Entries are business transactions that are repeated regularly, such as fixed rent or insurance to be paid every month. This feature is very helpful for transactions that take place on a constant basis and constant amount. There are two parts to recurring transactions, setting up the individual accounts for the recurring transactions, then billing the transactions by creating them.

Add / Modify Recurring Entries

Create Recurring Transactions

Add / Modify Recurring Entries

1. Open the accounting module.
2. Choose the Edit menu in the upper left of the screen.
3. Hover over Modify to expand the submenu.
4. Select the Add/Modify Recurring Entries option. This will open the Recurring Journal Entry window.

1. Select the Add button to open a new, blank record.
2. Enter a reference number in the upper left. This is usually a brief description of the transaction.
3. The company number will automatically populate based on the location that you had open when accessing this screen.
4. The transaction date will automatically fill with today's date. You can adjust this, if necessary.
5. Enter the number of times that you want the recurrence to occur into the number of entries field. Leaving this set to 0 will never run the entries.
6. Select the journal that this entry will show under.
7. Choose the frequency for this recurring entry. You can choose between weekly, bi-weekly, monthly, quarterly, and yearly.
8. Enter any comments to have them populate on the transactions.
9. Within the table, click within the gray line to begin entering information.
10. Choose the GL account for the bill. The description will populate based on this selection.
11. The profit center and department will populate for the record.
12. Optionally, enter the entity reference into the control reference field.
13. If this transaction references a specific entity, enter the entity number or click the ellipsis button to search for the entity.
14. If this transaction is for a specific unit, enter the unit number or click the ellipsis button to search for the unit.
15. Enter either the debit or credit amount.
16. The unit count (UC) column should stay at 0.
17. Optionally, you may enter a comment per line.

Each transaction must have both a debit amount and credit amount. The totals between the two types must match or you will receive an error message that the transaction is out of balance.

Create Recurring Transactions

1. Open the accounting module.
2. Choose the Tools menu in the upper left of the screen.
3. Select the Creating Recurring Transactions option. This will create the transactions and open a popup message.