Recurring Payments in Accountsby Cybrosys Techno Solutions https://www.cybrosys.com
|Lines of code||253|
|Also available in version||v 11.0 v 12.0 v 14.0 v 13.0|
Recurring journal entries are those entries which are recorded periodically like phone bills, rent, electricity payments etc. You have to post journal entries each time whenever these payments are met. It is a time consuming way. Here, this module comes into the picture. This module helps to handle those type of payments by generating journal entries automatically based on your conditions. You can create multiple type of recurring methods(templates) to handle multiple payments.
Create Multiple Recurring Methods
Create multiple recurring methods(templates) to handle multiple payments
Customize Recurring Periods
Customize recurring periods(daily, weekly, monthly or yearly) with time intervals.
Show Remaining Payment
Shows the remaining payments, so you can remove any payment from the list to prevent it from generating it's journal entries.
Prevent Payment Methods
Prevent any payment method(template) from generating journal entries by making their status as 'Draft' at any time.
Edit Remaining Payment Details
Option to edit remaining payment's date,name and amount before generating journal entries.
Generate Recurring Journal Entries
Generate recurring journal entries as 'Posted' or 'Unposted'(Draft).
Go to Invoicing >> Configuration >> Payments >> Recurring Templates to create recurring templates
Notice that templates which are in 'Running' status are only generate recurring entries.
Go to Invoicing >> Customers >> Payments >> Recurring Entries OR Invoicing >> Vendors >> Payments >> Recurring Entries to generate journal entries for those created templates.
In the wizard window you can see all the remaining payments. It also allows you to filter the remaining payments by date. Press the button Generate Entries to create journal entries of the chosen remaining payments.
View Generated Journal Entries
Generated journal entries will be shown in Invoicing >> Adviser >> Accounting Entries >> Journal Entries.
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