Select a recurring method, if you have indicated in the Recurring field of the General Journal Template table that the journal be a recurring journal.
The recurring principle determines how the amount on the journal line is treated after posting. For example, if you will use the same amount every time you post the line, you can let the amount remain. If you will use the same accounts and text on the line but the amount will vary every time you post, you can choose to delete the amount after posting.
To see the options, click the AssistButton in the field.
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Fixed: |
The amount on the journal line will remain after posting. |
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Variable: |
The amount on the journal line will be deleted after posting. |
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Balance: |
The posted amount on the account on the line will be allocated among the accounts specified for the line in the Gen. Jnl. Allocation table. The balance on the account will thus be set to zero. Remember to fill in the Allocation % field in the Allocation List table. |
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Reversing Fixed: |
The amount on the journal line will remain after posting, and a balancing entry will be posted on the next day. |
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Reversing Variable: |
The amount on the journal line will be deleted after posting, and a balancing entry will be posted on the next day. |
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Reversing Balance: |
The posted amount on the account on the line will be allocated among the accounts specified for the line in the Gen. Jnl. Allocation table. The balance on the account will thus be set to zero. A balancing entry is posted on the next day. |
The VAT fields can be filled in on either the recurring journal line or on the allocation journal line but not on both. That is, they can be filled in on the allocation journal only if the corresponding lines in the recurring journal are not filled in.
If the Recurring Method field in the recurring journal is set to Balance or Reversing Balance, the program will disregard any dimension value codes in the recurring journal when the account is set to zero.
That is, if in the allocation journal you allocate a recurring line to various dimension values, only one reversing entry will be created. Therefore, if in the allocation journal you allocate a recurring journal line that contains a dimension value code, you must not enter the same code in the allocation journal. If you do, the figures for the dimension values will be incorrect.