Do you have multiple APS checks and/or GLS journal entries that need to be entered each month? Use recurring entries instead of manually entering them every time!
Accounts Payable Software (APS)
Recurring entries can be set up in APS and then added (posted) to the invoice file monthly in a batch. Rent, leases, parking, and mortgage payments are examples of recurring entries.
To add a recurring entry in APS
Once recurring entries have been added to APS, they can quickly be posted using the Post Recurring Entries program. All recurring entries are posted to the invoice file unless the recurring entry is on “hold”. The word “AUTO” (automatic) is posted to the Voucher field for each invoice created from a recurring entry.
To post recurring entries in APS
General Ledger Software (GLS)
Recurring entries can be set up in GLS and then added (posted) to the journal file monthly in a batch. Examples of recurring entries include depreciation, amortization, notes payable, fixed investment income, rent, monthly lease payments, etc.
To add a recurring entry in GLS
Once recurring entries have been added to GLS, they can quickly be posted using the Post Recurring Entries. The Post Recurring Entries program adds a batch of journal entries to the journal entry data file based on the information in the recurring entry file.
To post recurring entries in GLS
Save time by posting all of your recurring entries at once instead of reentering the same information every month!
Can recurring entries be set up in Tabs also or is it just available for General Ledger and A/P?
Thank you for your comment, Sue!
Fees and Costs with a Status of Save (S) will be saved after being included on a final statement and updated. Saved transactions remain in the fee/cost file until they are deleted so that they can be included on repeated billings. This provides a way to implement recurring fees/costs in Tabs3 Billing. For more information on recurring fees and costs, enter “Recurring” on the Index tab of the Tabs3 Billing Help.