Open Forum

Expand all | Collapse all

Inter-Company Recurring journal entries

  • 1.  Inter-Company Recurring journal entries

    Posted 20 days ago
    All - Is there any way to create Inter-Company Recurring journal entries.  We now have Inter-Company entries that need to be re-entered each month.  We would like to be able to use similar to the normal recurring journal entries.

    Note: we are on NAV2016.

    #Functional

    Thanks,

    ​​

    ------------------------------
    Jeff Fisher
    Manager, Business Applications Software - North America
    Nord Anglia Education
    Northbrook IL
    ------------------------------


  • 2.  RE: Inter-Company Recurring journal entries

    Posted 18 days ago
    ​Morning Jeff,

    We use recurring journals.  You can set them up by going into Payables, Periodic activities, General ledger, Recurring general journals.

    Thanks,
    Laura

    ------------------------------
    Laura Clements
    PECKHAM, INC
    LANSING MI
    ------------------------------



  • 3.  RE: Inter-Company Recurring journal entries

    Posted 18 days ago
    Thank you, but as mentioned, we already use the recurring journals.  We are looking for a way to have recurring inter-company journals.  Does anyone know a way to do that?

    ------------------------------
    Jeff Fisher
    Manager, Business Applications Software - North America
    Nord Anglia Education
    Northbrook IL
    ------------------------------



  • 4.  RE: Inter-Company Recurring journal entries

    SILVER CONTRIBUTOR
    Posted 18 days ago
    We asked the same question and were told there is no way to set up an inter-company, recurring journal. We work around that by saving & updating the "recurring" entries in Excel and pasting them into the IC journal as needed.

    ------------------------------
    Tara Langley
    Accounting Manager
    Culver Franchising System, LLC.
    Prairie du Sac WI
    ------------------------------



  • 5.  RE: Inter-Company Recurring journal entries

    Posted 18 days ago
    ​We also have lots of intercompany entries each month such as allocation entries which are usually fixed or variables.

    In either case, you only need to enter the recurring journal entries once and each month you can post them without modification.  After the posting, system will automatically roll-forward the posting date to next month.

    The General Journal Batches can be named or renamed according to purpose or can also be only as one batch for all-types and just modify amounts if need be, so, you only have one batch to post each month.

    And of course you can use the Expiration Dates to control posting of each line.

    #Functional






    ------------------------------
    Ray Barredo
    Element Materials Technology - Exova Canada
    Mississauga ON
    ------------------------------



If you've found this thread useful, dive deeper into User Group community content by role