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.

How to Flag a Transaction as Recurring#

1. Navigate to Main Menu > Accounting > Ledger.
2. Use the Search bar and filters to find the transaction, and double-click it to open it.
3. Check the Recurring checkbox in the top-right corner.

How to Create a Transaction from a Recurring Transaction#

1. Navigate to Main Menu > Accounting > Ledger.
2. Click Menu > Open Recurring to display all recurring transactions.
3. Double-click 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.

What Happens When a Transaction Is Created#

• The recurring transaction is copied, with its items and status, to a new transaction of the same Transaction Type.
• The new transaction is dated today, or on the end date of the Ledger's date filter if that date is earlier than today.
• The new transaction becomes the recurring transaction: it is flagged as recurring and the flag is removed from the transaction it was copied from.

Recurring Screen#

Buttons Explained#

Fields Explained#

Managing Recurring Transactions#

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