{"id":4740,"date":"2020-07-01T13:48:05","date_gmt":"2020-07-01T11:48:05","guid":{"rendered":"https:\/\/www.sysfinpro.co.za\/?p=4740"},"modified":"2021-06-09T15:24:11","modified_gmt":"2021-06-09T13:24:11","slug":"kb20200701-01-how-to-setup-and-create-a-recurring-journal-entry","status":"publish","type":"post","link":"https:\/\/www.sysfinpro.com\/index.php\/kb20200701-01-how-to-setup-and-create-a-recurring-journal-entry\/","title":{"rendered":"KB20200701\/01: How to Setup and Create a Recurring Journal Entry"},"content":{"rendered":"\n<ul class=\"wp-block-list\" start=\"1\"><li>Confirm that the document type has the \u201c<strong>Template<\/strong>\u201d checkbox checked under <strong>Setup&gt; Financials&gt; Documents types<\/strong><\/li><\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"604\" height=\"382\" src=\"https:\/\/www.sysfinpro.co.za\/wp-content\/uploads\/2020\/06\/1.jpg\" alt=\"\" class=\"wp-image-4741\" srcset=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2020\/06\/1.jpg 604w, https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2020\/06\/1-300x190.jpg 300w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\" type=\"1\"><li>Create a template journal that will be used as the model journal under <strong>Financials&gt; Journals. Journal entry<\/strong><ul><li>The Category must template so that no GL entry is created.<\/li><\/ul><\/li><\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"621\" height=\"327\" src=\"https:\/\/www.sysfinpro.co.za\/wp-content\/uploads\/2020\/06\/2.jpg\" alt=\"\" class=\"wp-image-4742\" srcset=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2020\/06\/2.jpg 621w, https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2020\/06\/2-300x158.jpg 300w\" sizes=\"auto, (max-width: 621px) 100vw, 621px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\" type=\"1\"><li>Create the Recurring journal under <strong>Setup&gt; Financials&gt; Recurring entries<\/strong><ul><li>If the journals a code and description.<\/li><li>Select the template document type and link the template journal created in step 2 above that will be copied for the recurring journals.<\/li><li>Select the start and end date.<ul><li>The start date will be the date on which the first accounting entry will be created.<\/li><li>Select the frequency<\/li><\/ul><\/li><\/ul><\/li><\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"625\" height=\"336\" src=\"https:\/\/www.sysfinpro.co.za\/wp-content\/uploads\/2020\/06\/3.jpg\" alt=\"\" class=\"wp-image-4743\" srcset=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2020\/06\/3.jpg 625w, https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2020\/06\/3-300x161.jpg 300w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\"><li>On the <strong>Generation tab<\/strong>, enter the document type that must be used for the journal creation.<\/li><\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"703\" height=\"399\" src=\"https:\/\/www.sysfinpro.co.za\/wp-content\/uploads\/2020\/06\/4.jpg\" alt=\"\" class=\"wp-image-4744\" srcset=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2020\/06\/4.jpg 703w, https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2020\/06\/4-300x170.jpg 300w\" sizes=\"auto, (max-width: 703px) 100vw, 703px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\" type=\"1\"><li>Run the Recurring entries function under <strong>Financials&gt; Current processings&gt; Recurring entries<\/strong><ul><li>Select the relevant criteria and run the function.<\/li><\/ul><\/li><\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"703\" height=\"398\" src=\"https:\/\/www.sysfinpro.co.za\/wp-content\/uploads\/2020\/06\/5.jpg\" alt=\"\" class=\"wp-image-4745\" srcset=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2020\/06\/5.jpg 703w, https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2020\/06\/5-300x170.jpg 300w\" sizes=\"auto, (max-width: 703px) 100vw, 703px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\"><li>You will receive a log file with the created journals. <\/li><\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"659\" height=\"452\" src=\"https:\/\/www.sysfinpro.co.za\/wp-content\/uploads\/2020\/06\/6.jpg\" alt=\"\" class=\"wp-image-4746\" srcset=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2020\/06\/6.jpg 659w, https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2020\/06\/6-300x206.jpg 300w\" sizes=\"auto, (max-width: 659px) 100vw, 659px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\"><strong>To arrange a demonstration please email&nbsp;<a href=\"mailto:info@sysfinpro.co.za\">info@sysfinpro.co.za<\/a>&nbsp;or call us on +27 12 880 0258&nbsp;<\/strong><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Confirm that the document type has the \u201cTemplate\u201d checkbox checked under Setup&gt; Financials&gt; Documents types Create a template journal that will be used as the model journal under Financials&gt; Journals. Journal entry The Category must template so that no GL entry is created. Create the Recurring journal under Setup&gt; Financials&gt; Recurring entries If the journals [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-4740","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"qubely_featured_image_url":null,"qubely_author":{"display_name":"SysFinPro","author_link":"https:\/\/www.sysfinpro.com\/index.php\/author\/sysfinpro\/"},"qubely_comment":0,"qubely_category":"<a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","qubely_excerpt":"Confirm that the document type has the \u201cTemplate\u201d checkbox checked under Setup&gt; Financials&gt; Documents types Create a template journal that will be used as the model journal under Financials&gt; Journals. Journal entry The Category must template so that no GL entry is created. Create the Recurring journal under Setup&gt; Financials&gt; Recurring entries If the journals&hellip;","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","qubely_landscape":"","qubely_portrait":"","qubely_thumbnail":""},"post_excerpt_stackable_v2":"<p>Confirm that the document type has the \u201cTemplate\u201d checkbox checked under Setup&gt; Financials&gt; Documents types Create a template journal that will be used as the model journal under Financials&gt; Journals. Journal entryThe Category must template so that no GL entry is created. Create the Recurring journal under Setup&gt; Financials&gt; Recurring entriesIf the journals a code and description.Select the template document type and link the template journal created in step 2 above that will be copied for the recurring journals.Select the start and end date.The start date will be the date on which the first accounting entry will be created.Select the&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","author_info_v2":{"name":"SysFinPro","url":"https:\/\/www.sysfinpro.com\/index.php\/author\/sysfinpro\/"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>KB20200701\/01: How to Setup and Create a Recurring Journal Entry - SysFinPro (Pty) Ltd.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sysfinpro.com\/index.php\/kb20200701-01-how-to-setup-and-create-a-recurring-journal-entry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KB20200701\/01: How to Setup and Create a Recurring Journal Entry - SysFinPro (Pty) Ltd.\" \/>\n<meta property=\"og:description\" content=\"Confirm that the document type has the \u201cTemplate\u201d checkbox checked under Setup&gt; Financials&gt; Documents types Create a template journal that will be used as the model journal under Financials&gt; Journals. Journal entry The Category must template so that no GL entry is created. 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