Periodic Journals

Periodic Journals can be used for various reasons.

Most common process I saw in the implementations are the accruals. 

For example, if there is an insurance cost that you need to allocate through months, years, yu can use the periodic journals.

Or you can setup template without amounts and you call that journal once you need to use.

Periodic journals have its own journal type.

You may have more than one journal for periodic journals like, insurance, rent etc.

Then you use periodic journals to fill the GL accounts per line as if you do in a general journal.

The difference for the general journals is that you set the periodic template.

In this example, you can have once in a month.

System will not offer template for you but you need to call for it in general journal.

By retrieve journal, you can select the periodic journal you want to use.

If you do not need to use the journal in the future, you can use "Move" instead of "Copy".

If you fill the journal already, you can also save as a periodic journal to use in the future by to use "Save Journal"