Recurring Expense

Customer Support DEALPOS
[Updated]

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.

 

 

Step 1. Go to Accounting - Recurring - Recurring Expenses

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Step 2. Fill the Configuration for your Recurring Expenses

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Step 3.Post the Recurring Expenses

The system cannot create automatic journals from recurring that you make. So, you must post all recurring expense at the specified time.

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Step 4. Check your Recurring Results

This page inform you for the past or complete recurring expenses that you have been posted

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