| Fields & Definitions for Recurring Entry Setup |
| Reference |
This field is a unique reference for this entry. The user's choice of a mnemonic will assist in identifying the reentry in the future during the edit and generation activities.
|
| Description |
This field allows more room to be more descriptive about this Recurring Journal Entry than is available within the reference field.
|
| Beginning Date/ Ending Date |
This fields allow the user to select the periods in which this entry is to be generated. |
| Frequency |
This field allows the user to choose the periodicity of the recurrence. Depress on the down arrow at the right hand side of the Frequency field. Select the desired frequency. |
| Reverse |
The REVERSE field allows the user to create an Automatic Reversing Entry on period close for this Generated Journal Entry. The box needs to be checked to be considered a reverse entry.
|
| Last Generated Date |
This is an informational field displaying the last date that the entry was generated (within the general journal entry screen).
|
| Last Posted Period |
This is an informational field displaying the last Period and FY (Fiscal Year) that the entry was Posted to the General Ledger.
|
| Reason |
This field allows the user to enter a default reason for the Generated Entry. It is copied over to the General Journal Entry upon generation and may be edited there.
|
| G/L Account |
This is the account number.
|
| Account Title |
This is the title of the general ledger account |
| Debit |
The amount debited to the account number |
| Credit |
The amount credited to the account number |
| Remaining Balance |
This is the “out of balance” condition if the amount is other than 0.00.
|
.
|
|
|
|
|
|
|
|
|
| Article ID: 4887 |
