Automatic zero recurring journal entry process

  1. Create the recurring journal entry and select the Automatic Zero check box.
    The recurring journal entry has a process status of Ready and a journal status of Unreleased.
  2. Release the recurring journal entry.
    The recurring journal entry has a process status of Ready and a journal status of Released.
  3. Journalize the recurring journal entry. This action interfaces the recurring journal entry to Global Ledger.
    The recurring journal entry is available for posting on the Released tab of Processing > Journal > Journals.

    The recurring journal entry has a process status of Processed and a journal status of Released.

  4. Post the period's journal entry to Global Ledger.

    See Posting multiple journal entries.

  5. At period end, close the period.

    See Global Ledger period and year close.

    When the core ledger is closed, the recurring journal entry is updated to a process status of Ready and a journal status of Unreleased.

  6. To process the next period's entry, specify the next period's amounts or units in the transaction lines of the recurring journal.
  7. Release the recurring journal entry.
  8. Repeat steps 3 through 5.