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Understanding the Recurring Vouchers Process

Understanding the Recurring Vouchers Process

Concept

If you need to make a payment for the same amount on a regular basis, such as monthly or quarterly, you can enter a recurring voucher.

 

 

Procedure

In this topic, you will review the Recurring Vouchers process.

Step Action
When you enter a recurring transaction, you indicate the total number of invoices or vouchers that you want the system to create and the interval for them. For example, if you bill or make lease payments every month for one year, you can set up a recurring invoice or voucher for 12 payments with a monthly frequency.

Step Action
Then, instead of entering an invoice or voucher each month, you run a recycle program that creates a new transaction from the original. The system assigns a new document number and batch number to the new transaction and reduces the number of payments by one. You continue to recycle and create new transactions until one payment remains.

Step Action
You must use the standard entry program to enter recurring transactions. In addition to the standard transaction information, you complete the Frequency and Number of Payments fields.

This indicates to the system that the transaction is recurring. To cancel a recurring transaction, you remove the values from these fields.

In summary, you can enter a recurring voucher for a supplier who sends you invoices for the same amount on a regular basis.
You have reviewed the Recurring Vouchers process.

End of Procedure.

Ayman Refat
Over 20 years of experience in IT area, working as Oracle JD Edwards Developer with expertise in Windows Server, SQL Server and Microsoft Exchange Server, experience in Linux operating systems (Debian and Redhat), VMWare ESX / ESXi, Novell Netware, relational databases like Oracle 10/11g and backup solutions from Computer Associates. Large experience in high-end servers from Dell and HP, having the following certifications: Microsoft: MCP, MCSE, MCDBA, MCSA and MCT (2008 ~ 2013), Computer Associates: Technical Specialist – Storage and Backup Solutions,
http://www.AymanRefat.com

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