Overview of Recurring Journals

Define recurring journal formulas for transactions that you repeat every accounting period, such as accruals, depreciation charges, and allocations. Your formulas can be simple or complex.

Each formula can use:

• Fixed amounts and account balances, including standard, actual amounts, statistics, and period-to-date or year-to-date balances.

• Amounts from the current period, prior period, or same period last year.

• Amounts in your formulas, including total balances, entered currency balances, or statistical balances.

You can quickly create recurring formulas by copying and modifying existing formulas. You can:

• Define single ledger or multiple ledger recurring journal formula batches.

• Create a recurring journal formula batch that contains recurring journal entries for different ledgers.

• Define recurring journal formulas for your ledger currencies, entered currencies, and statistical currency.