I would like to know if there is a possibility to post monthly recurring vouchers automatically in IFS?
Not amounts depending on other entries like in GL automatic posting rule but for example amounts accrued each month for an insurance.
Thanks a lot for your answers.
You can use period allocation functionality to achieve this goal. The function is available on the invoice, manual voucher, mixed payment etc.
There are number of steps you need to complete before allocating your cost.
Select Period allocation on Invoice posting
Enter information on allocation window and click distribute
Hope this explanation helps
As noted, the period allocation is a great tool that allocates an amount (insurance invoice) over multiple periods.
For other common recurring type postings - month end entries (payroll and other) accruals that are nor spread over the months, we use the Voucher Template.
A voucher template can optionally save amounts for example same amount every month, or for payroll where the value is different every month you would not include the amounts.
Thanks a lot for your answers !