If you have a transaction that must be written time and time again (for example, a rent check or depreciation expenses), you can save it and record it as a recurring transaction.
When you save a transaction as recurring, MYOB AccountEdge puts a copy of it -- called a template -- in a separate "holding area" where you can retrieve it whenever you need it in the future. Any time you need to use a template, you just need to click the Use Recurring button, select the appropriate template, verify the details and record it. (Windows where recurring transactions can be recorded.)
Until you record them as actual transactions, recurring templates have no effect on your financial records.
When you create a recurring template, you enter information in the Save Recurring Template window and click Save Template. Note that you haven't recorded the transaction yet; you've merely stored the recurring information. When you want to record the transaction, click Record in the transaction.
When you set up a recurring transaction, you'll be asked to specify a frequency and a reminder date. (If you choose the "Other" frequency, no reminder date is required.) MYOB AccountEdge will then post a reminder in your To Do List.
If a recurring transaction is created in the Banking, Payroll or General Ledger command centers, the transaction will be included in your Cash Flow Worksheet. Note that any recurring transaction with a frequency of "Other" is not included in your Cash Flow Worksheet.
You can use a recurring templates from a transaction window (such as the Spend Money window), from a Register (such as the Purchases Register), or from the To Do List. An advantage of using the To Do List is that you can process several recurring transactions at once.
Note: Information about changing entries on a recurring paycheck
When you delete a recurring template, the template is removed from your list of recurring templates only. Any transactions you recorded using a recurring template won't be affected.
Step by step