Recurring methods

hansika

Hi ,

I gone through the help , but I am not able to understand the use.
Could u explain the use of these Recurring methods
1. Balance
2. Reversing Fixed
Could u explain about these with a practical example.

hansika

Hi folks ,

Please throw some help on this.

ssingla

hansika wrote:

Hi folks ,

Please throw some help on this.

Stop repeating your request because it will not get you replies.

From the help and the explanation:

Balance:
The posted amount on the account on the line will be allocated among the accounts specified for the line in the Gen. Jnl. Allocation table. The balance on the account will thus be set to zero.

Remember to fill in the Allocation % field in the Allocation List table.

If you posted transaction in 1 G/L account with one dimension and now you need to allocate the same among various dimensions, this option will work. This can be used for allocating common expenditure.

Reversing Fixed:
The amount on the journal line will remain after posting, and a balancing entry will be posted on the next day.

In case you post some recurring journal entries where the amount remains fixed and you also need to reverse the transaction on the next posting date, this option will work. This can be used for booking provision month/year/period end provision and the reversal of the provision on the next date.