Define recurring journal formulas for transactions that you repeat every accounting period, such as accruals, depreciation charges, and allocations. Your formulas can be simple or complex.
Each formula can use:
Fixed amounts and account balances, including standard, actual amounts, statistics, and period-to-date or year-to-date balances.
Amounts from the current period, prior period, or same period last year.
Amounts in your formulas, including total balances, entered currency balances, or statistical balances.
You can quickly create recurring formulas by copying and modifying existing formulas. You can:
Define single ledger or multiple ledger recurring journal formula batches.
Create a recurring journal formula batch that contains recurring journal entries for different ledgers.
Define recurring journal formulas for your ledger currencies, entered currencies, and statistical currency.
Types of Recurring Journals
You can use the following types of recurring journal entries to reduce data entry time and increase accuracy for journal entries that repeat each period.
Skeleton: With no amounts
Standard: With set amounts
Formula: With variable amounts
Skeleton Journal Entries
Skeleton journal entries contain the same accounts each period, but have different amounts. After you generate skeleton journal entries, edit the unposted journal batch by entering the journal line amounts on the Edit Journals page.
Use skeleton journal entries to record statistical journals, such as headcount, units sold, barrels of oil, or other statistical factors. For example, to enter headcount for your cost centers each period:
Define a skeleton entry with your headcount accounts.
Generate the skeleton entries.
Enter the actual headcount amounts before posting the batch.
Note: Set the journal entry to reverse automatically at the beginning of the next period if you enter the total headcount each period. Otherwise, if you only enter the change in the headcount each period, a reversing journal isn't required.
Best practices recommend that you create skeleton recurring journal entries in spreadsheets or copy existing journals.
To create journals in spreadsheets:
Navigator Journals.
Select the Create Journal in Spreadsheet link to download the workbook template once.
Create and save the skeleton journal entry.
For each period open the template and enter the amount for the journal lines already in the template.
Upload the batch.
Open the journal on the Edit Journal page and add the amounts.
Once the updates are made, save, complete, and post the journal batch.
To copy journals:
Navigator Journals Manage Journals.
Search for the journal to copy.
Open the journal.
Click the Batch Actions Menu Copy.
Make the wanted changes to the new journal.
Save, complete, and post the journal batch.
Standard Recurring Journal Entries
Standard recurring journal entries contain the same accounts and amounts each period. Just as with skeleton recurring journal entries, best practices recommend that you create standard recurring journals in spreadsheets.
Navigator Journals.
Select the Create Journal in Spreadsheet link to download the workbook template once.
Create and save the standard journal entry.
For each period, upload, and submit the batch with posting selected. The recurring journal batch is created and posted.
Formula Recurring Journal Entries
Formula recurring journal entries contain formulas created using the formula component and allocation wizard in the Calculation Manager. These formulas calculate journal amounts that vary from period to period and are based on existing account balances or other criteria.
Use recurring journal entries to perform simple or complex allocations or eliminations. For example, you can allocate:
A portion of your rent expense to another division.
A pool of marketing costs to several departments based on the ratio of department revenues to total revenues.
You can enter invoices for periodic business expenses for which you may not receive invoices, such as rent. To enter recurring invoices,
Recurring AP Invoice :
Payables Calendar
Recurring Invoice with 1 Line
Recurring Invoices with 2 Lines
What happens if I create recurring invoices for a Payables period with a status of Never Opened?
The process that creates the recurring invoices automatically places the invoices on a closed period hold.
After you open the Oracle Fusion Payables period, run the validation process to release the hold.
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How to create Recurring Invoices In Fusion Receivables ?
Solution
1 Navigate to Setup and Maintenance.
2 Search for task Manage Receivables System Options.
3 Search for your Business Unit.
4 Enable option "Enable recurring billing".
5 Save the changes.
6 Log out of the system and log in again.
7 Navigator Billing
On the right side, Under 'Task' there is an option: Manage Recurring Bill Plans
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