Create Recurring Voucher Template – A summary of the activity
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Organizations have certain transactions recurring at regular intervals of time. These need to be recorded as journal vouchers in the books of accounts. For example, When prepaid insurance premium is to be allocated, provisions to be made, certain administration charges to be recorded etc. Recording of these transactions automatically in the books of accounts will be useful. This activity helps in overcoming the above situation. These transactions can be recorded in the recurring journal voucher template and entries are automatically passed as on the required dates.
This activity allows you to create a recurring voucher template. The template consists of many vouchers of type “Recurring”. The vouchers, which are of recurring nature, can be grouped together in one template. You can specify the frequency in which the vouchers are to be generated. The entries are posted in the books of accounts as on the specified dates automatically. This activity allows you to group all the “Fresh” and the “Authorized” recurring vouchers in one template.
The system updates the status of the template to “Active” on creation. The system generates a unique template number if the numbering type is not set to “Manual”. The system updates the login ID of the user to the created by and the system date to the created date.
Getting familiar with the pages inside
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Create Recurring Voucher Template |
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Edit Recurring Voucher Template |
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View Recurring Voucher Status |
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Attach Notes |
What you can do in this activity
Automatic postings in books of accounts
Automatic postings in books of accounts
The voucher entries are automatically posted in the books of accounts.
Go to “Create Recurring Vouhcer Template” page.
Specify the frequency in which the posting has to happen and specify the start and the end date.
Create the vouchers in “Authorized” status.
The frequency in which the entries are to be posted in the books of accounts can be captured.
Go to “Create Recurring Vouhcer Template” page.
Specify the posting frequency and give the effective start and the end date.