Many clients have asked us in the past if they can utilize recurring batches for cash receipts. This is a more simplistic and flexible way of achieving what can also be done through a scheduled payments transaction. Dynamics GP 2010 now offers this capability.
The batch can be setup just like a GL recurring batch by updating the drop down menu for the Frequency field (shown in the screenshot below). The amount in the Recurring Postings field (shown in the screenshot below) indicates how many times this batch will be available for posting. Each time the batch is posted, the transaction dates are updated, but the cash receipt transaction amounts within the batch stay the same. If utilizing the EFT module, EFT Cash Receipt transactions can also be entered in recurring batches.
Furthermore, GL Recurring batches have been updated in Dynamics GP 2010 as well. The new feature that has been added enables the user to Clear Recurring Amounts for Recurring batches after posting. This can be accomplished by simply checking the checkbox next to Clear Recurring Amounts in the batch entry window (screenshot shown below). This feature is similar to Quick Journals, but is more customizable. This feature helps to decrease data entry errors by allowing common journal entries to be created with ease. In addition, this feature prevents a user from accidentally posting a recurring batch without making necessary changes as the batch will not post until the user updates the amounts for the journal entry.