Setting up recurring transactions

You can create a recurring transaction in a transaction window, or copy an existing recurring transaction to create a new one. Later on, you can change details of a recurring transaction, or delete one if it is no longer used.

To create a recurring transaction

When you save a transaction as a recurring template, you can specify how often you want the transaction to be recorded, and for how long you want to schedule it. For example, you can schedule your car payments monthly, for the next 22 months.

1	Enter the transaction details in a transaction window—such as the Sales window—if you make regular sales to a customer.

2	Click Save as Recurring instead of clicking Record. The Edit Recurring Schedule window appears.

3	In the Recurring Transaction Name field, type a name to identify the transaction.

Schedule the Transaction

4	Select the transaction frequency from the Frequency list.

5	In the Starting on field, type the date the transaction is first due.

note : Pre-dated recurring transactions

You can save a recurring transaction with a start date prior to the system date, provided the date entered is within the current fiscal year and is not in a locked period.

6	Indicate how long you want the recurring transaction to continue.

 

If you want to...	then...
schedule the transaction for an unlimited period	Select Continue indefinitely.
schedule the transaction until a set date.	Select Continue until this date and type the date in the adjacent field.
schedule the transaction for a set number of times.	Select Perform this # of times and type the number of times in the adjacent field.

Specify an alert option

In the Alerts section of the window, you can set a reminder to record the transaction or set it to automatically record the transaction and receive a notification when the transaction is recorded.

note : Pre-dated recurring transactions cannot be recorded automatically

If you entered a pre-dated recurring transaction and you set a reminder date, the transaction will display as overdue on the To Do List. Pre-dated recurring transactions cannot be set to be recorded automatically.

 

If you want to...	then...
set a reminder	1 Click Remind. 2 Select a reminder option from the to record this transaction list. 3 If you selected No. days in advance, type the number of days in the adjacent field. 4 Select the user who needs to be reminded from the list adjacent to the option. 5 Continue with step 7.
automatically record the transaction	1 Click Automatically record this transaction when due and notify. 2 Select the user who needs to be notified from the list adjacent to the option.

Specify the transaction ID

7	In the Transaction section of the window, specify how you want the transaction ID number to be created:

■	If you want the transaction ID number to be one greater than the previous transaction ID, click Use the next sequential number as the [...] #.

■	If you want to specify a transaction ID, click Use the following as the [...] #, then type the transaction ID in the adjacent field.

8	If you want to save your changes to the recurring transaction each time it is recorded, select the Save my changes when I record this recurring transaction option.

9	Click Save. The transaction window reappears.

10	Click Cancel to close the transaction window.

The transaction will now appear in the Recurring Transactions List window.

To create a recurring transaction from an existing entry

You can create a recurring transaction by copying an existing recurring transaction entry, then customizing the details for the new one.

1	Go to the Lists menu and choose Recurring Transactions. The Recurring Transactions List window appears.

2	Select the recurring transaction you want to copy and click Create Copy. The Create Copy window appears.

3	In the Card field, click the search button ().

The Select from List window appears listing only card types relevant to the type of recurring transaction you are copying. For example, a purchase transaction can only be applied to your vendor cards.

4	Select the cards you want create a copy for.

■	If you want to select all the cards, click the icon above the select column ()

■	If you only want to select some cards, click in the select column next to each required card.

5	Click OK when you’ve finished selecting from the list. The Create Copy window reappears.

6	Click Save.

If you selected...	Then...
One card	The transaction window for the new recurring transaction appears. You can edit the transaction details if required. Click Save. The Recurring Transactions List window appears.
More than one card	The Recurring Transactions List window lists all your recurring transactions. Each new transaction has a unique name—the original name suffixed by the name of the relevant card.

7	If you need to change the schedule details or the name of a new recurring transaction:

a	Select the recurring transaction.

b	Click Edit Schedule.

c	Make the changes in the Edit Recurring Schedule window.

d	Click Save.

8	Click Close.

To edit a recurring transaction

You can edit the details of a recurring transaction (such as the check details of a Spend Money transaction) and update the transaction schedule.

1	Go to the Lists menu and choose Recurring Transactions. The Recurring Transactions List window appears.

2	If you want to change the recurring transaction details:

a	Select the recurring transaction you want to change and click Edit. The transaction window appears for the selected type of recurring transaction.

b	Make the necessary changes.

c	Click Save.

3	If you want to change the schedule of the recurring transaction:

a	Select the recurring transaction and click Edit Schedule. The Edit Recurring Schedule window appears.

b	Change the scheduling details of the transaction as required.

c	Click Save.

4	Click Close when you’ve finished editing the recurring transaction.

To delete a recurring transaction

Deleting a recurring transaction template only removes it from your list of recurring transaction templates. Transactions recorded previously using the recurring template are not affected.

1	Go to the Lists menu and choose Recurring Transactions. The Recurring Transactions List window appears.

2	Select the recurring template you want to delete and click Delete. A message appears explaining that this action will not delete any recorded transactions based on this transaction template.

3	Click OK to delete the recurring transaction.

Related topics

■	Recording recurring transactions

■

Reminders