Creating Recurring Journals


Purpose


This tutorial covers creating and generating recurring journals.

Time to Complete


Approximately 30 minutes.

Topics


This tutorial covers the following topics:

 Overview
 Scenario
 Prerequisites
 Creating Templates for Recurring Journals
 Generating Recurring Journals
 Summary
 Related information

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Overview


This tutorial covers creating templates for recurring journals and generating and approving recurring journals.

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Scenario


You have a fixed monthly amount to be debited to your investment account. You create a recurring journal to create this monthly journal automatically.

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Prerequisites


Before starting this tutorial, you should:

1.

Have access to or have installed Oracle ® Hyperion Financial Management, Fusion Edition 11.1.1.0.0

2.

Have installed and opened a Financial Management application

3. Have created a child entity (WestSales is used for this tutorial.)
4. Opened the period for which you are generating journal entries

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Creating Templates for Recurring Journals


In this part of the tutorial, you create a template for a recurring journal for a child entity.

1.

Open your Financial Management application, and in the Browser View pane, navigate to Tasks > Journal Tasks > Manage Journal Templates.

 

2.

In the Content pane, select the Recurring tab, and click New.


3.

Select Use Single Entity.

 

4.

In the POV for Entity, select WestSales.

 

5.

In the POV for Value, select <Entity Curr Adjs>, and click OK.

 

6.

Under Edit Recurring Template, enter the following information:

Label Balance Type Security Description
RT1 Balanced US Investments Bought - Recurring

 

7.

Place your cursor in the first cell in the Account column, click Pick Members, and enter the following member information:

Account ICP Business Markets Grades Unit/Flows Debit Credit
Investments [ICP None] [None] [None] [None] Increases 250  
Cash [ICP None] [None] [None] [None] Decreases   250

 

8.

Click Save.

 

9.

Click Close to return to the Recurring tab.

 

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Generating Recurring Journals


You now generate and approve the recurring journal that you created.

1.

In the Browser View pane, navigate to Tasks > Journal Tasks > Manage Journal Templates.

 

2.

Select the Recurring tab


 

3.

Select the check box to the left of RT1, and click the Generate button.

 

4.

Review the Point of View for the journal, and click OK.

The message "1 Journal generated successfully" is displayed.

 

5.

Click OK.

6.

In the Browser View pane, select Tasks > Journal Tasks > Process Journals.

The journal is displayed in the list. The status is Approved, and it is ready to be posted.

 

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Summary


In this tutorial, you learned how to:

 Create recurring journals
 Generate recurring journals

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Related Information


To learn more about Financial Management, refer to additional OBEs.

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