Recurring Journals automate repeat consolidation adjustments while keeping control over what posts each period.
Types
Updated Data (recommended): Future entries are created as editable items before posting. Use when amounts vary month-to-month.
Fixed Data: Future entries post as configured with no pre-posting edit. Use for stable, predictable amounts.
Create
Go to Group Financial Reporting → Journals → Add Journal → Add Recurring Journal.
Fill Narration, select Group and GRT, choose Type (Updated or Fixed), and apply a Tag (Elimination, Reclassification, Accounting Adjustment, Other).
(Optional) Select Group Class and set Reporting Cadence.
Set Start Date, Frequency (e.g., monthly/quarterly), and End Date or Never Expire.
Add journal lines (GRT account, description, Debit/Credit). Difference must be 0.
Save as Draft to review later, or Add to activate the schedule.
Manage
Dashboard view: See Narration, Group, GRT, Frequency, Start/End, Next Journal Date, Status, Amount.
Overview tab: Review and Edit setup, schedule, lines, and notes.
Child Journal tab (key for Updated Data): View upcoming instances; edit a single future entry’s amounts/accounts/descriptions without changing the overall schedule.
Edit or Stop
Adjust template: Open the journal, Edit to change narration, tags, frequency, dates, or lines; affects future instances.
Adjust one period: Edit that instance in Child Journal.
Pause/stop: Set an End Date to pause; Delete to stop future creation (existing entries remain).
Copy: Duplicate a journal to reuse structure for another entity or purpose.
How it flows into consolidation
How it flows into consolidation
Posted instances appear in Working Papers and standard journal reports.
P&L entries affect only their period; Balance Sheet entries carry forward.
Tags, reference numbers, and notes provide a clear audit trail.
Need help? Visit gather.nexus, click the chat icon in the bottom-right corner, or email us at support@gather.nexus for assistance.