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- From the Navigation panel click Financials> General Ledger>Standing Journals
- 'Click on 'New'
- Enter a date
- Enter a Description in the 'Description' field to best describe the Standing Journal
- Enter the 'Manual Value' of the Journal
- If the Journal is to be reversed at some point in time click on the check box 'Auto Reversing' and turn tick ON if not leave it Blankthe tick OFF
On the Line level, commence selecting the general ledger accounts that make up this Standing Journal
The This master standing journal will always have a status = OpenExpand title Show me - You can enter a different description on the line level or leave the default description that populates from the header
- Enter the value being in either a the debit or credit field
- Continue entering all the general ledger accounts and values
The Computed Debit Value must equal the computed Credit Value and this must equal the Manual Value.
Click on the Save action button
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- Highlight the standing journal that has been entered
Click on 'Generate Journal' action button from the top ribbon
Expand title Show Me Now enter a date to stand for the journal that is about to be created and click on OK
Expand title Show Me The system will create a General Journal for you with a transaction type of 'GLJSTD' and with the date you entered and a Status = Posted
You can manuall manually generate as many General Journals from this Standing Journal as you like.
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- Highlight the standing journal that has been entered
- Click on the General Tabtab 'Genera'l
- You will see a Recurrence Table that needs setting up.
Activate the settings that best suit your requirements and Click on Save. Click 'Weekend Handling' and select when you will require the recurring payment to be applied
Expand title Show me Select the appropriate rules that will apply to each standing journal entered
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NOTE: There is a task that needs to be activated to auto generate the recurring journals. Readysell can help you with the set up of this task called 'Generate Recurring Transactions. If this task is not activated until after the rules on the standing journal then the journals will not be created until the date on the Journal is met.
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