Recurring Transactions

Overview

Recurring transactions are scheduled financial activities that need to be managed and executed regularly, such as monthly subscription payments or periodic bill settlements. These payments occur at predefined intervals but require oversight or manual initiation for execution. QuickEasy has the functionality to flag transactions as recurring to assist in managing such requirements. 

Steps

1. Flag the Transactions as Recurring 

1. Navigate to Main Menu > Accounting > Ledger

2. Use the Search bar and Filters to find the relevant transaction > double-click open the transaction, 

3. Tick the checkbox in the top right corner labelled Recurring.

2. Creating New Transactions 

1. Navigate to Main Menu > Accounting > Ledger

2. Click on Menu > Open Recurring to display all recurring transactions.

3. Double-click on the recurring transaction (used as a template).

4. A new (duplicate) transaction is created and opened on the left panel.

5. Modify the transaction as required.

6. Once updated and complete, click Done.

Note: The latest transaction created is set to the recurring transaction.

Managing Recurring Transactions

To avoid duplicate transactions for the same period, use the Date field in the Recurring module to determine if a transaction has already been created for the required period. The Date field is updated as new recurring transactions are created.