Generate Recurring Journal Entries in Odoo module is used to provide the recurring journal entries generation functionality in Odoo version 9 and 10, which is already present with older versions of Odoo. Upon installing this module, we get Recurring entries menu in accounting, We can locate it as Accounting -> Dashboard -> Recurring Entries with sub menus:

• Define Recurring Entries
• Generate Entries
• Models

Models

First we have to create model , with which the journal entries has to be created. This can be done with Models menu. The debit and credit amounts in Model lines should be balanced to generate the journal entries.

Define Recurring Entries

We can define the start date, period, period type and number of periods accordingly to generate the journal entries here.

• Start Date: The Date from which the entries has to be created
• Period Type : Type of the period includes Month, days and year. This denote the starting from the start date specified, for which period the next entry has to be created.
• Period : This specifies the duration of the period type specified for recurring entries creation. For example if the period type selected to be month and the period selected as one, then for each month from the start date a journal entry will get created on clicking Generate Entries. Likewise, If the Period selected is 6, with period type as month , on generating journal entries, we will get entries dated with a difference of 6 months.
• Number of Periods : Hence it defines the number of journal entries to be created with the specified period type and period starting from the date specified.

After entering the details, we can press the compute button, so that we will get the subscription lines computed. The state will get changed to running from draft on clicking the compute button and also an option to remove the subscription lines will be available.

Generate Entries

Once we have defined models and recurring entries, journal entries can be create by clicking the menu “Generate Entries” .

On the popped up wizard, specify the date upto which the journal entries has to be create. Then click Generate Entries, so that we will get journal entries created.  These entries can be found with the link to  recurring entries records.