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Pgm: JCRECURENT – Setup Recurring Entries; standard Treeview path: Job Costing > Transaction > Process Recurring Entries
Recurring entries are transactions that occur identically many times during the year on a weekly, monthly, or quarterly basis. By entering them as recurring entries, they do not have to be entered repeatedly each time, removing the chance of data entry errors and speeding up the process.
Recurring Entry
Entry Code, Name
Enter a code identifying this recurring entry. This code will be used to identify the recurring entry for editing purposes. This code must be unique.
Enter the name for this recurring transaction. This name is used to describe the recurring entry.
Journal
Enter the journal to which this recurring entry will be posted.
Currency
Enter a currency for the transaction.
Source and Reference
Enter the source and reference. These should be used to record relevant data about the transaction.
Frequency
Select the frequency for this recurring entry.
Accrual − Checkbox
Check the 'Accrual' checkbox if the recurring entry being defined is an accrual transaction. The system default is to leave this box blank indicating that the transaction is not an accrual.
Recurring Entry Detail
This Recurring Entry Detail section is used to enter dispositions for the transaction specified in the Recurring Entry section. Each line corresponds to one disposition, either a debit or credit.
Enter the type, company, job, department, equipment, work order, cost code, category, quantity, rate, and WM as required. There must be at least 2 lines of distribution and the debits and credits must sum to zero. If there is more than one company entered, the system will create the inter-company transactions at the time of posting.