Recurring / Reversing / Allocating

The Recurring/Reversing/Allocating subsystem enables you to set up recurring/reversing or allocating journal entries that post into the journal file on a period basis.

You can access the following programs from the Recurring/Reversing/Allocating menu:

• Use the Recurring/Reversing Entry program to post depreciation on a recurring basis, or to accrue expenses for the period but wishes to reverse them out the next period.
  
• Use the Allocating Journal F/M program to allocate percentages from a single (several) GL account number(s) to a single (several) GL account number(s) within the same journal. For example, several entries can be set up to take all the telephone expenses for that period and then allocate them to the proper departments by a percentage, or to take all the telephone expenses from the departments and divide them (by a percentage) between branches. As with regular journal entries, all recurring and reversing entries must be balanced entries.
  
• Use the Cur Pd Recur/Reverse Changes program to change the current amounts or memos on any recurring or reversing entry.
  
• Use the Recur/Reverse/Allocating Print program provides a list of all recurring, reversing and allocating entries.
  
• Use the Post Recur/Reverse/Allocating program posts the entries into the journal file as regular journal entries. Recurring entries post by period. Reversing entries also post the entry by period, and post the offsetting reversing entry into the next period. The allocating entry creates an entry that reverses out the from account number(s) and posts it to the to account number(s). For example, if telephone expense is the from account and telephone expense-various departments is the to account, the system makes a journal entry to credit the telephone expense account number and debit the various department telephone expense account numbers.