A recurring journal entry is a journal entry that is recorded in every accounting period. For example, a company issuing monthly financial statements might record depreciation by debiting Bank Account Expense for $5,000 and crediting Accumulated Office Rental for $5,000 each and every month. If the accounts and the amounts are identical each month, the recurring journal entry might be referred to as a memorized entry if the accounting software produces and records the entry. Some accountants refer to this type of recurring journal entry as a standard journal entry.
Add New Recurring Expense
Go to Recurring Expense > Add
Post Recurring Expense
Our system still can not create automatic journal from recurring you make, So you have to post all recurring expense you at time already in set
Go to Post Recurring Expense > Fill Date “ for next year ” & Jurnal > Checklist > Save
This page describes the results of all your recurring expenses already in the post.
Go to Asset Value and You can see journals that are made from recurring