Recurring journal entries are those entries that are recorded periodically like phone bills, rent, electricity payments, etc. You have to post journal entries each time whenever these payments are met.
ℹ️ App link:
It is a time-consuming way. Here, this module comes into the picture. This module helps to handle those types of payments by generating journal entries automatically based on your conditions. You can create multiple types of recurring methods(templates) to handle multiple payments.
Main Features:
✔️ Create multiple recurring methods(templates) to handle multiple payments
✔️ Customize recurring periods(daily, weekly, monthly, or yearly) with time intervals.
✔️ Shows the remaining payments, so you can remove any payment from the list to prevent it from generating its journal entries.
✔️ Prevent any payment method(template) from generating journal entries by making their status as ‘Draft’ at any time.
✔️ Option to edit remaining payment’s date, name, and amount before generating journal entries.
✔️ Generate recurring journal entries as ‘Posted’ or ‘Unposted'(Draft).
Also available in version
✅ V13.
✅ V12.
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