To Generate Recurring Entries

1.Enter a date and hit the "Go" button.

2.This will start a search for recurring entry transactions.

3.If any transactions are found whose date is less than or equal to the date entered, and whose number of entries generated is less then the maximum, the "Generate" button will be enabled.

4.Click the "Generate" button to create your journal entries.

 

The number of entries generated for a given recurring entry transaction is based on the dates, frequency, and period of the transaction. When entries are generated for a given recurring entry transaction, it's date is updated according to the tables below.

 

Daily Table:

# entries generated  =  (number of days from the date of the transaction to "Date") * freq

 

The next available date of the recurring entry transaction is updated with "Date" plus one day, the next day.

So if the date of the transaction is 11/01 and Date is 11/03, then two days times the freq will be the number of entries generated.

 

Monthly Table:

# entries =  ((number of months from the date of the transaction to "Date") * freq) + 1

 

The next available date of the recurring entry transaction is updated with "Date" plus one month.

After the entries are generated a window will be displayed indicating the number of entries generated.