Set Up Frequency Codes for Recurring Activity
Frequency Codes allow you to group recurring bank activity that you want to generate together. These are user-defined, six-character codes that represent the different groupings you use. For example, you might create a Frequency Code of MONTH for activity that you want to generate on a monthly basis, or you might create MNTH10 to group all activity you want to generate on the tenth day of each month.
To determine the Frequency Codes you need, list the different ways you might want to group recurring activity. For each group on your list, make up a unique six-character code that represents this group. The code can contain alphanumeric and special characters.
To set up Frequency Codes:
1 In the Bank Reconciliation module, select Options > Set Up the Frequency for Activity from the left navigation pane.
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2 In the Frequency Code box, enter a unique six-character code.
This code distinguishes this frequency from any other, and appears in Lookups and on some reports.
3 In the Description box, enter a description of up to 50 characters that easily identifies the group this Frequency Code represents.
4 Select Save.
When you generate recurring activity, you can select the activity to generate based on the Frequency Code(s).
Published date: 05/21/2021