Recurring entries are generally used for frequent transaction entries, such as rentals and subscriptions. The accountant is able to create a periodic journal and generate an entry based on the transaction periods that are already set up.
In order to create a recurring entry (for example, for rent), you have to create a periodic journal name. For this, navigate to General ledger | Journal setup | Journal names and create a journal name with the Journal type field as Periodic. The following screenshot shows Periodic in the Journal type field:
Then, as shown in the following screenshot, set the periodic journals for rent to ...
