How are recurring entries used?

Recurring Entries were originally designed to allow the finance person to set up standard entries that could be processed every month.  Most users now use the import journal entry feature to process monthly standard entries.  The import feature provides more flexibility and allows for 3 or more line entries or the ability to add all the information into one entry in one step.

The typical entries that used to be recorded using this utility are::

• Monthly depreciation
• Monthly bank interest
• Monthly bank fees
• Amortization
• Prepaid Expenses
• Accruals