GL Transactions - Standing Journals

Standing journals are memorised, repeating journals used to enter the same transaction information each month, e.g. payroll data, depreciation and lease charges.

A standing journal template is prepared, selecting the accounts to debit/credit each month. Amounts can be either entered into the standing journal template, or entered at the time of posting the standing journal.

Use this option to perform the following tasks:

• create a new standing journal template
• recall a standing journal template
• enter the individual transactions in the standing journal template
• complete a standing journal template, e.g. save the template or post the transactions to the General Ledger.