Recurring Transaction Instructions (tfgld1107m000)

Use this session to maintain recurring transaction instructions.

You must enter the dates on which the journal entry for the underlying financial transaction must be repeated or reversed.

You can create recurring/reversing transactions in the Generate Recurring Transactions (tfgld1202m000) session.

Recurring transactions can be only be created from finalized transactions.

You cannot enter transaction data if the batch is being finalized.

Create recurring transaction instructions

To specify recurring transaction instructions:

  1. Start the Transactions (tfgld1101m000) session
  2. Enter the header data, enter or select a line with a Recurring/Reversing Journals transaction type.
  3. From the appropriate menu, select Continue.
  4. Enter the usual transaction data in the Journal Voucher Documents (tfgld0618m000) session.
  5. LN then prompts you to enter the recurring transactions.
  6. You can select Generate Recurring Transaction Instructions from the appropriate menu, or you can continue with the Recurring Transaction Instructions (tfgld1107m000) session. You can finalize the transactions if you specify the recurring/reversal dates.

Maintaining recurring transaction instructions

To change the amount of a recurring transaction:

  1. Select the recurring instructions that you want to change.
  2. From the appropriate menu, select Create New Instructions. LN creates new original transactions and links the remaining non-posted instructions to the new transactions in a new instruction set.
  3. LN starts the Transactions (tfgld1101m000) session. Use this session to make the required changes.

Example

In January you create the initial transaction for a recurring rent payment of $100 and you set up the instructions to recreate the transaction monthly.

In May the rent amount changes to $125.

To change the remaining instructions to create transactions with an amount of $125 from that time onward, you select the instructions for May and follow the steps to maintain recurring transaction instructions.

LN creates new original transactions and links the remaining non-posted instructions to the new transactions in a new instruction set. No instruction is created for May, because the payment for May is represented by the new original transactions.

LN starts the Transactions (tfgld1101m000) session and you change the amount to $125.

Field Information

Fiscal Year

The fiscal year to which the financial transactions are linked.

Batch

batch

Batch Reference

A batch reference describes a group of transactions.

Transaction Type

Transaction Type

Allowed values

Select a recurring/reversal journal voucher.

Description

The description of the transaction type.

Create Trans with this Date

The date on which the financial transaction must be repeated or reverse entered.

New Fiscal Year

The fiscal year in which the financial transactions must be repeated or reversed.

Fiscal Period

The fiscal period in which the financial transactions must be repeated or reversed.

New Reporting Period

The reporting period in which the financial transactions must be repeated or reversed.

Tax Year

The tax year in which the financial transactions must be repeated or reversed.

Tax Period

The tax period in which the financial transactions must be repeated or reversed.

Reversal of Transactions

If this check box is selected, the transactions are reversed. If this check box is cleared, the transactions are repeated.

Posted

If this check box is selected, transactions are created and posted. LN automatically sets this field.