Getting started with Aico
- Logging into Aico for the First Time
- Creating your first journal
- Creating your first request
- Creating your first payment
- Creating your first Intercompany Invoice
- Working with Closing Tasks
Working with Journals
- An overview of Aico journals
- How to create a manual journal
- Create a journal by copying existing journals
- Import new journals from Excel
- How to import multiple journals from one Excel spreadsheet
- What are recurring journal entries?
- How to create Recurring Duplicate Journal entries
- How to create Recurring Allocation journal entries
- Create recurring journals with automatic reversals
- Reversing documents
- Import data to existing journals
- Export journals to e-binder
- Working with Reconciliations
- Basic settings in Aico documents
- Excel Support
- An overview of Aico Dashboards and Lists
- How to use lists in Aico
- How to use dashboards in Aico
- How to use charts in a dashboard
- Dashboards: Advanced Settings
- Closing Tasks
- Users and User Groups
- Value sets
- Currency Amount Groups
- Mail notifications
- Tax codes
- Introducing Automation Manager
- Core Set Up
- Introducing task templates
- Creating task template details
- The Aico Document
- Aico document headers
- Preparer and Approver workflow settings
- Overriding parameters at a company level
- Master data export and import
- Set a custom schedule
- Dependent tasks in Aico
- How to use Smart tags in Aico
- How to add an attachment to a task template
- Task Generation
- Administrative tasks
- Aico Announcements
Create recurring journals with automatic reversals
Modified on Thu, 24 Nov 2022 at 11:06 AM
You can create a recurring journal with an automatic reversal easily in Aico. The procedure is the same for both Duplicate and Allocate master templates.
First, you will need to create your Master Template. To learn how to create a master Recurring Duplicate template, click here. For creating a master Recurring Allocate template, click here.
1. Reversal Date: Select the reversal date for the first journal in the series. In this example, the Recurrence Start Date is on the 1st of October, and we are reversing it on the 30th of September. If the reversal date is not set, the template works as a standard master template.
2. Reverse All: Select the check box if you want to reverse all accruals on a single date.
- If selected, the reversal date cannot be before the accounting date of the final journal in the series, but it can be the same date.
- If not selected, the reversal date cannot be before the accounting date of the first journal in the series.
3. Click Create Journals
A set of journals will be created.
The master template contains the details of the recurrence (1), the reversal dates (2) and links to each created journal (3).
Here, we have clicked on the first journal link. You can see the Recurrence Start Date is the 30th of September and the Reversal Date is the 1st of October.
The final journal in the series will also be posted on the last day of the month.
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