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There are some business transactions which occur regularly at fixed intervals. Examples are rent payment; payment of term loan installment and payment of vehicle loan installment. In order to post this type of transactions we can use this recurring document functionality. To use the recurring documents two conditions are to be satisfied..

1. The day of posting should be same in every interval

2. Theamount of the transaction should be same in every interval.

For every recurring document we should specify the fist rundate. Last run date and interval for posting.

The original recurring documents do not update any transactional figures. The transactional figures are updated when the accounting documents are posted using the recurring documents by running the recurring cycle

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13y ago

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