Explain what is recurring entry & sample doc from basic point of end.
Sample Document : It is a special type of reference document. It does not update transaction figures. Data from this document is used to create default entries on the accounting document entry screen.
Recurring Entry : A periodically recurring posting made by the recurring entry program on the basis of recurring entry original documents
Recurring Entry Document : A document containing the fixed data for every recurring posting (for example -> posting key, -> account, -> amount…. These 3 never change).
You set up recurring entry documents for business transactions that occur on a regular basis, such as rental payments and insurance premiums.
It does not update transaction figures. To store, system used number range "X1"
Cross Co-Code transaction cannot be posted with recurring entry program.
Recurring Entry Program
For postings that recur on a regular basis, such as payments for rent, interest, legal fees, property taxes, you can use the "Recurring Entry Program" to have the necessary documents generated automatically.
(1) Create Recurring Entry Original document
It contains………The date of the first & last posting
The frequency at which the posting should be made,
The date of the next planned posting
(2) The Recurring Entry Program must be run at regular intervals within a specified period. The program selects all recurring entry original documents in which the date of the next posting falls within the specified period, and then generates a Batch Input Session
(3) When the Session is processed, an FI original document is posted. The date of the next posting is changed accordingly in the "Recurring Entry Original Doc"
You can create recurring entries and execute at month end by using these t.codes..
- FBD1 - Create
- FBD2 - Change
- FBD3 - Display
- F.56 - Deleting Recurring entries
- F.15 - Executing for a period
- F.14 - Posting doc from recurring doc
- SM35 - Execute ur session
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