Hi Indu,
Recurring entries are business transactions that are repeated regularly, such as rent or insurance. The following data never changes in recurring entries:
- Posting key
- Account
- Amounts
You enter this recurring data in a recurring entry original document. This document does not update the transaction figures. The recurring entry program uses it as a basis for creating accounting documents.
Please see this link : Recurring Entries - Posting (FI) - SAP Library
Recurring Entry Transaction codes : http://scn.sap.com/thread/1243314
Hope it helps !
In case of queries please revert back.
Regards,
Prakash