Welcome to our "How to use Recurring Journals" in Financials for Office 365 video.
Today, we are going to use a recurring journal to post transactions that recur frequently, such as fixed expenses like rent, setting up an annual insurance accrual expense or an advertising expense relating to multiple periods.
A recurring journal is a general journal with specific fields for managing transactions that you post frequently with few or no changes.
Using these fields for recurring transactions, you can post both fixed and variable amounts. You can also specify automatic reversal entries for the day after the posting date and use allocation keys with the recurring entries.
To learn even more, go to our How-to-video page on our website.
For more information go to www.o365financials.com