You can create recurring journals in the General Ledger module, these are called Standing Journals. You are able to customise everything from the frequency of the journal to the amount (whether a fixed cost or a variable figure).
In establishing Standing Journals you can specify
•Type of journals
o Cash book payment or receipt
o General Journal
You must specify when to run the journals, daily, monthly etc. You can specify when within a month to run the journals.
You will be prompted to run the journals. Once run you can review the journals and make any necessary changes before committing the journals. Committing the journals will post them to the General Ledger.
This section outlines how to maintain and process standing journals in the general ledger module. To do this the process involves:
1. Set up Categories for standing journals
2. Set up batches
3. Create journals within batches, types available are:
a. Receipts or Payments
b. Journals
4. Commit Journals