This article will go through how to create a Recurring Journal Entry within the Rentvine Software.
- To start, you will need to navigate to the Accounting Tab and click Transactions.
- You can click the green Actions button and select New Recurring Journal Entry
- This will take you to a new menu on the new Recurring Journal Entry you would like to create. You will need to include:
- Ledger
- Description
- Start Date
- Repeat Every field
- Entries (Account / Debit / Credit)
For help on how specific chart of accounts should be credited or debited and how to create a single Journal Entry only, please use this Knowledge Base Article:
How to add a Journal Entry
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Debits versus Credits
Account Type Increase Balance Decrease Balance Banks DEBIT CREDIT Assets DEBIT CREDIT Liabilities CREDIT DEBIT Equity CREDIT DEBIT Income CREDIT DEBIT Expenses DEBIT CREDIT - Once saved, the software will redirect you to the New Recurring Journal Entry
Viewing all Recurring Journal Entries
- To view all existing Recurring Journal Entries, you can click the Transactions tab and select Recurring Journal Entries
Editing the Journal Entry
- To edit an existing Recurring Journal Entry, click the Journal Entry in question
- This will show the details of the Recurring Journal Entry and you can select the green Actions button and Edit button to adjust the description and frequency of the Recurring Journal Entry
- You can also Delete the Recurring Journal Entries to stop all future occurrences. This will not delete Journal Entries already posted from this Recurring Journal Entry.
