| # Recurring Transaction Instructions (tfgld1107m000) Use this session to maintain recurring transaction instructions. You must enter the dates on which the journal entry for the underlying financial transaction must be repeated or reversed. You can create recurring/reversing transactions in the Generate Recurring Transactions (tfgld1202m000) session. Recurring transactions can be only be created from finalized transactions. You cannot enter transaction data if the batch is being finalized. Create recurring transaction instructions To specify recurring transaction instructions: Start the Transactions (tfgld1101m000) session Enter the header data, enter or select a line with a Recurring/Reversing Jour transaction type. From the appropriate menu, select Continue. Enter the usual transaction data in the Journal Voucher Documents (tfgld0618m000) session. LN then prompts you to enter the recurring transactions. You can select Generate Recurring Transaction Instructions from the appropriate menu, or you can continue with the Recurring Transaction Instructions (tfgld1107m000) session. You can finalize the transactions if you specify the recurring/reversal dates. Maintaining recurring transaction instructions To change the amount of a recurring transaction: Select the recurring instructions that you want to change. From the appropriate menu, select Create New Instructions. LN creates new original transactions and links the remaining non-posted instructions to the new transactions in a new instruction set. LN starts the Transactions (tfgld1101m000) session. Use this session to make the required changes. Example In January you create the initial transaction for a recurring rent payment of $100 and you set up the instructions to recreate the transaction monthly. In May the rent amount changes to $125. To change the remaining instructions to create transactions with an amount of $125 from that time onward, you select the instructions for May and follow the steps to maintain recurring transaction instructions. LN creates new original transactions and links the remaining non-posted instructions to the new transactions in a new instruction set. No instruction is created for May, because the payment for May is represented by the new original transactions. LN starts the Transactions (tfgld1101m000) session and you change the amount to $125. Fiscal Year The fiscal year to which the financial transactions are linked. Batch Number A group of financial transactions processed together. If you finalize a batch, all the transactions are processed, or if an error occurs, no transactions are processed. Batch Number A batch reference describes a group of transactions. Transaction Type A user-defined three-position code used to identify documents. The series linked to the transaction type give documents the sequence number. Allowed values Select a recurring/reversal journal voucher. Related topics Using transaction types Transaction Type The description of the transaction type. Creation Date The date on which the financial transaction must be repeated or reverse entered. New Fiscal Year The fiscal year in which the financial transactions must be repeated or reversed. Fiscal Period The fiscal period in which the financial transactions must be repeated or reversed. New Reporting Period The reporting period in which the financial transactions must be repeated or reversed. Tax Year The tax year in which the financial transactions must be repeated or reversed. Tax Period The tax period in which the financial transactions must be repeated or reversed. Reversal If this check box is selected, the transactions are reversed. If this check box is cleared, the transactions are repeated. Posted If this check box is selected, transactions are created and posted. LN automatically sets this field. |