Periodic Journals/Recurring Journal Entries in Dynamic 365 Finance

Dynamics 365 Finance

The article discusses the use of periodic journals in Dynamics 365 Finance to create entries periodically in the system.
Periodic journals offer an easy way to create entries at the click of a few buttons, eliminating the need for manual entry every time.
Users can use any existing journal entry as a template for a periodic journal entry.
Periodic journals can be stopped after a certain period at the user's convenience.
The process of configuring and using periodic entries is simple.
The setup involves configuring a journal name with the Journal type as 'Periodic' and defining the template for the periodic journal entry.
To create a periodic journal entry, users need to select the date, GL accounts and their amounts, unit (days, months, or years), and the number of units (frequency of recurrence).
Users can retrieve a periodic journal template and fill in the necessary details for the period of recurrence, and the system will load the data based on the template.In summary, the article explains how to use periodic journals in Dynamics 365 Finance to automate the creation of recurring journal entries, reducing manual effort and potential errors.

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