A recurring entry is a bookkeeping transaction consistently made from one accounting period to the next. Examples include depreciation, amortization and some lease payments.
One of the many tasks for bookkeeper in their daily operations is reconciling accounts including bank accounts, accounts receivable, accounts payable and many others. Invariably, the balances are off and need adjusting. To reset or balance the account the bookkeeper must use an adjusting journal entry.
Every day bills arrive from vendors that are mere repetition like the electric or phone bill. They basically recur every so often (mostly monthly). The bookkeeper must create a new entry as a part of his/her daily functions. This repetition consumes time and is a nuisance.
