Recurring journals in microsoft business central (previously dynamics or NAV) are very useful for month end processes such as accruals, depreciation charges and many more.
You can create a recurring journal batch which is specifically for the different journals you require. Such as accruals.
What does a recurring general journal do?
Its does more than create a template, depending on what recurring method you use you can set the journal to do different things;
- Fixed – keep the same values (amount) each period the journal is ran
- Variable – changes the amount to zero each period the journal is ran
- Reversing fixed & reversing variable posts the journal on your posting date then reverses it based on the frequency you have set.
Please note there are more recurring methods the above are just the more common ones that I have used regularly. But it is not limited to these.
How to set up a recurring general journal in business central?
Choose the method you would like to use;
The second field to set is the recurring frequency so this determines the next journal date and the reverse journal date if you are using a reversing method.
This could be anything with microsoft dynamic dates, a month, day, week etc.
You complete the rest of the fields – GL account, description, amount, balance GL Account and various other fields you require.
As you would with any other journal.
This batch template is then set up for you to use.
When you post the journal, you will notice it will move the posting date to the next date based in your recurring frequency field.
The amounts will either remain or be cleared depending on your method – fixed or variable.
Recurring general journals are found under journals in role centre accountant, or using the search option.
