Recurring Journals – General Ledger

Define recurring journal for transactions that you repeat every accounting period, such as accruals, and allocations. Your recurring journals can be simple or complex. Each template can use fixed amounts and/or account balances, including standard and period–to–date or year–to–date balances.
You can quickly create new recurring standard, skeleton and formulas by copying and modifying existing Templates.
You can use recurring journals to create three types of journal entries:
Skeleton Journal Entries
Skeleton entries affect the same accounts each period, but have different posting amounts. After you generate skeleton journal entries, you can edit the unposted journal batch using the Enter Journals form and enter the journal line amounts.
Skeleton journal entries are useful with statistical information whenever you want to record journals for actual transactions based on statistical amounts, such as headcount, units sold, inflation rates, or other growth factors.
For example, if you want to enter headcount for each cost center every period, you can define a skeleton entry with your headcount accounts. After you generate the skeleton entries, enter the actual headcount amounts before posting the batch.

Standard recurring journal entries use the same accounts and amounts each period.
After generating the recurring journals, we can navigate to the journal window, Journal can be reviewed and posted

Your formulas can be simple or complex. Each formula can use fixed amounts and/or account balances, including standard, actual or budget amounts, statistics, and period–to–date or year–to–date balances from the current period, prior period, or same period last year.
You can quickly create new recurring formulas by copying and modifying existing formulas