About Posting Recurring-Charge Batches
When you post a recurring charge batch, Accounts Receivable creates a posting journal of the transactions and updates the following records:
- Customers. Accounts Receivable adds the amount and number of new recurring charges to the totals for the period in the customer’s account. It also enters the amount and document date of the last recurring charge that was posted for the customer.
- Customer Groups. Accounts Receivable adds the total amount of the recurring charges invoiced to customers in the group and the number of recurring charge invoices created for the group to the group statistics. Use the A/R Customer Groups screen to view this information.
- National Accounts. Accounts Receivable adds the total amount and number of recurring-charge invoices created for customers in the national account to the period statistics for the national account. It also enters the amount and document date of the last recurring charge invoice posted for any customer in the national account. Use the A/R National Accounts screen to view this information.
General Ledger Transactions Created for Recurring Transactions
When you post recurring charge batches, Accounts Receivable creates transactions for the revenue accounts specified by the distribution code entered with each detail line on a recurring charge invoice, and for the affected accounts in the customer’s account set. Posting also creates balancing transactions for the corresponding receivables control accounts. Print the posting journal for the recurring charge batch or the G/L Transactions report to view this information.