Summary
When you frequently need to enter the same journal postings, recurring journals can help you post journal lines on a recurring basis. When you use recurring journals, you can post cost allocations by using allocation keys that are based on amounts or percentages.
Recurring journals can also be used to record frequently posted entries to allocate expenses to various dimensions, such as separate departments in a company.
Many journal entries, like accruals, are posted on a recurring basis. Having a good understanding of how to use recurring journals helps users process journal entries faster and more efficiently.