Recurring Journal Interface (GL38.1)

Use Recurring Journal Interface (GL38.1) to process a split distribution for a journal entry, such as a journal entry for a monthly rent payment, quarterly payroll tax, or semiannual real estate tax.

This program creates a schedule of recurring journal entries based on the original transaction amount, and distributes that amount to periods based on starting and ending dates.

Click the Schedule button to view and maintain the schedule information. You can also view the schedule by using Recurring Journal Entry (GL70.1) and choosing the Schedule button.

For example, you define a journal entry to distribute the transaction line over several periods to record a prepaid expense and split the distribution to record the expense over the proper periods. You can use Split Distribution Report (GL238) to track a specific part of the recurring journal entry that is not expensed and is still part of the prepaid expense account balance.