The repeating journal entry
The repeating journal entry is great for those entries you post on a regular (monthly, quarterly, or annual) basis. You build the skeleton of the entry and update the amounts as needed when you are ready to post the entry.
The process is fairly similar whether you convert a one-off entry or create a new one.
Let’s walk through it now.
When I click Repeat from the journal options from the posted one-off entry, the Narration, Account, and Amount details carry over. We just need to do some editing.
Figure 11.8: Repeating journal screen
As you can see in Figure 11.8, there are many similarities between the repeating journal and the manual journal.
I am going to highlight the differences for you here.
The repeating journal has the following additional fields:
- First Journal Date is the date the entry will first post to the G/L.
- Repeat this journal every is the cadence the entry will repeat, such as...
