General Ledger Transactions > EMEA Exercise: Recurring Entries
  PPT
EMEA Exercise: Recurring Entries
In this exercise, you will:
• Create standard transactions.
• Create and use templates.
• Use reversing entries.
• Create and use recurring entries.
Log in to entity 22UKCO
When not specified in the exercise, use the following data (if needed):
• Sub-account: Gserv
• Cost Center: Adm
• SAF structure and SAF: choose any from the lookup list.
1 Use Recurring Entry Create (25.13.4.1) to create a recurring entry with the following parameters:
 
Field
Value
Recurring Entry Code
RE-ACCR-1
Template Code
ACCR-M001
Daybook Code
JETRANS
BC Amount
15,000 GBP
Reverse in Next GL Period
Yes
Frequency
Monthly
Update Type
Allowed
Start Date
last day of current GL period
End Date
last day of GL period after next
For example, if current GL period is 9, set the end date as last date of GL period 11
2 Use Recurring Entry Post (25.13.4.5) to post the recurring entry for the current GL period.
Check the status of the current and next GL periods first and, if needed, change the status to Open again (unlock the GL period/undo lock).
3 Use Journal Entry View (25.13.1.3) to check the recurring entry postings in both the current and next GL periods.