TRAVERSE Global v11.1

Setting Up Recurring Entries

Journal entries made regularly, every week or every month, are called recurring entries.

To set up groups of recurring entries, use the Recurring Entries function. To copy the recurring entries to the GL Journal table or GL Transactions table, use the Copy Recurring Entries function. To copy recurring entries to the GL Journal table, select that option in the Business Rules function; otherwise, they are copied to the GL Transactions table where they can be edited before posting to the GL Journal.

IF other TRAVERSE applications are interfaced with General Ledger, some recurring entries may be better tracked through those applications. For example, you can use Accounts Payable to print monthly rent checks and create the proper GL entry.