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DrillDown Icon Sales
DrillDown Icon Inventory Management
DrillDown Icon Material Planning
DrillDown Icon Production
DrillDown Icon Quality/Engineering
DrillDown Icon Administration
DrillDown Icon Accounting
DrillDown Icon Accounts Receivable (AR)
DrillDown Icon Accounts Payable (AP)
DrillDown Icon General Ledger (GL)
DrillDown Icon Prerequisites
DrillDown Icon View GL Accounts
DrillDown Icon Journal Entries
DrillDown Icon Introduction
DrillDown Icon General Journal Entries
DrillDown Icon Standard Journal Entry Setup
DrillDown Icon Recurring Entry Setup
DrillDown Icon Prerequisites
DrillDown Icon Introduction
DrillDown Icon Fields & Definitions
DrillDown Icon How To .....
DrillDown Icon Automatic Distribution Setup
DrillDown Icon Multi-Currency Feature
DrillDown Icon G/L Release/Posting/Closing
DrillDown Icon General Ledger Reports
DrillDown Icon Bank Reconciliation
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Introduction for Recurring Entry

Recurring Entries are similar to Standard Journal Entries but are interval based.  The user can set Recurring Journal Entries to generate every x number of days or periods and save time and effort by avoiding reentering the same posting over and over again.  A good example would be an accured interest on a bond.  If you have outstanding bonds of $1,000,000 at 6% that will be paid off in one year, so each month for 12 months you would have to accrue the interest liability.  In this case you would set up a Recurring Entry to debit the interest expense for $5000, and credit the liability account "Accured Interest Expense" for the same amount.

Article ID: 4886