September 29, 2015

NAVtip #2: Standard Journals

By

Theta

Today's timesaving #NAVtip is “Standard Journals”. Finance teams use G/L journals on a daily basis and I see them entering the same journal lines over and over again. Luckily there are a couple of functions that help us automate the use of the journals and save some time.

Standard Journals - a sort of template that can be saved and reused again and again in the G/L journals – are especially useful. You can save as many Standard Journals as you want, you only need to remember to save your template before posting:

Just select Save as Standard Journal and specify a code and a description to help you to identify it next time. If the amounts are always going to be the same (like in a leasing or in a rent operation) you can save the amounts as well:

Next time you use a G/L journal, remember you may have a Standard Journal to save you precious time. Just bring it to the G/L journal by clicking “Get Standard Journals” and then choosing the one you need.

Hope this is helpful. Stay tuned for our next tip.