Recurring entries

If you make payments and receipts on a regular basis, without recording an invoice, for example, you pay a direct debit for electricity each month, you can set them up as recurring entries.

To save time entering these transactions, you can choose the frequency and amount of the receipt or payment, and if necessary, the date of the final posting.

The types of transactions you can set up as recurring entries are other payments and other receipts.

When you create a recurring entry, it uses the same posting details as the original transaction.

To set up a recurring payment

Before you can add a recurring entry, you must enter the first payment as an other payment and save it.

  • 1. Go to Banking, then click the bank account used for the original payment.
  • 2. Click the original transaction in the Activity section.
    The type shows as Other Payment.
  • 3. Click Make Recurring and complete the following information:
Recurs every Enter how often you want to the transaction to recur, then choose to repeat in a number of days, weeks or months. For example, to repeat a payment every ten days, in the Recurs every box enter 10, then from the second box choose Days.
Recur Until If required, enter the date of the final payment.
  • 4. Click Save.

The transaction automatically posts on the recurring date. From the bank activity, you can identify the most recent recurring payment by the recurring symbol . If you’ve entered a recurring entry with a date in the past, you may need to refresh your Internet browser to view transactions up to the current date.

To set up a recurring receipt

Before you can add a recurring entry, you must enter the first receipt as an other receipt and save it.

  • 1. Go to Banking, then = click the bank account used for the original receipt.
  • 2. Click the original transaction in the Activity section.

The type shows as Other Receipt.

  • 3. Click Make Recurring and complete the following information:
Recurs every Enter how often you want to the transaction to recur, then choose to repeat in a number of days, weeks or months.
For example, to repeat a receipt every month, in the Recurs every box enter 1, then from the second box choose Months.
Recur Until If required, enter the date of the final receipt.
  • 4. Click Save.

The transaction automatically posts on the recurring date. From the bank activity, you can identify the most recent recurring receipt by the recurring symbol .

To edit or stop a recurring transaction

If you need to change a recurring entry, you must edit the most recent recurring transaction.

  • 1. Go to Banking and click the bank account used for the transaction.
  • 2. Click the relevant transaction, then click Edit Recurring.

You can identify the most recent recurring transaction by the recurring symbol .

  • 3. Do one of the following:
  • To edit a recurring transaction, amend the information and click Save.
  • To stop a recurring transaction, click Stop recurrence.

If you chose to edit the recurring entry, the next time it posts, it uses the new settings. From the bank activity, you can view the most recent transaction.

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