Understanding SJEs

With SJEs, you can automate the entry of similar or identical journals. You can define three types of standard journal entries:

• Recurring: Use Recurring journal entries for repetitive transactions that use the same accounting information and amounts.

  Monthly rent, automobile lease payments, and amortization expenses are examples of recurring items for which you might charge constant amounts to the same ChartField combinations each period.

• Template: Use Template journal entries for regular, periodic transactions that you charge to the same ChartField combinations using varying amounts.

  Examples include monthly payroll, utility, and telephone expenses. You can schedule regular, recurring postings for standard journals, such as weekly postings, or schedule postings for selected dates.

  You can schedule journal entries automatically on predetermined dates using template SJEs. Examples include bonus payments and accrued interest. You can also create template SJEs for known ChartField combinations without specific dates or schedules. You can set up schedules that determine when SJEs post, and you can enter recurring schedules, such as weekly closings, or individual dates and times to help pinpoint specific events.

• Spread: Use Spread journal entries for transactions for which the entire cost is spread proportionately throughout the year.