As an accountant, you may also want to post the same journal month on month. Previously, there was no provision to create the recurring journal, you might have posted it manually every month. In this release, we have given you the option to create the recurring journal that will create journal based on the certain frequency and until the date you have set while creating that recurring journal.
For creating the recurring journal, you would have to Journal entries screen and go to Recurring Journal from there and then click "Create" in that screen.
After clicking "Create", you would have to choose the frequency as you wish (weekly/monthly), end date and status.
Once it's done and click "Submit", it will get created.
After creating it, you can see the recurring journal created in the screen when you click "Search".
You can do three options to this recurring journal created:
a) View the details and history (eye icon).
b) Clone the recurring journal using copy icon (when you click this, description, account code, values and status will get filled by default, you can change it if you want to and then need to fill the date, frequency, end date).
c) Stop the recurrence using the red icon (If you want to stop the recurrence due to some change of plans, you can do this and create the fresh one if needed, so that the next occurrence won't get created).
After you have stopped it, the status will get changed to "Cancelled".
All the recurrences will get created in Journal entries screen because it's nothing but the journal entry. If you want to delete any journals that recurred in Draft, you can go to Journal entry screen and delete it.
If the financial year is not available at the time of journal recurrence, the recurrence task will get failed, and so the recurring journal's status will also be changed to Failed.
We hope you this feature will be helpful and make your life easier🎉🤩😎