Financials Module: General Ledger

Lab GL-8 Create Recurring Journal

Objective: To create Recurring journal 10-15 minutes

Instructions:
• In this lab you will create recurring journal.

1. Responsibility: General Ledger, Vision Operations (USA)

2. Navigation: Journals
Define
Recurring
3. Enter the following values

Batch XX-Skeleton
Recurring Journal
Journal XX Rec Journal
Category Payroll
Currency Functional Currency
Line 1
Line 10
Account Select Salary A/c from
LoV for Dept 1.
Description Salary for Dept 1
Line 2
Line 20
Account Select Salary A/c from
LoV for Dept 2.
Description Salary for Dept 2
Line 3
Line 30
Account Select Accrued
Payroll A/c from LoV
Description Payroll Account

4. Save record.
5. Click on the Generate Button.
6. Click on the Submit Button.
7. Select the currenct accounting period and click on Submit Button.
8. Confirm successful completion of the program
9. Navigation: Journals
Enter
10. Enter the Batch Name = XX-Skeleton Recurring Journal
11. Click on Find Button
12. Click on Review Journal Button
13. Complete the skeleton Journal with the following values:

Batch XX-Skeleton
Recurring Journal
Journal XX Rec Journal
Category Payroll
Currency Functional Currency
Line 1
Line 10
Account Select Salary A/c from

Financials Page 1 of 2
 Financials Module: General Ledger

LoV for Dept 1.

Description Salary for Dept 1
Debit 10000
Line 2
Line 20
Account Select Salary A/c from
LoV for Dept 2.
Description Salary for Dept 2
Debit 20000
Line 3
Line 30
Account Select Accrued
Payroll A/c from LoV
Description Payroll Account
Credit 30000

14. Save record.

15. Click on the Post Button

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