In Sage Simply Accounting, recurring transactions are transactions you carry out on a regular basis, such as a utility bill or a rent payment. You can store these transactions, and recall them whenever you need to. Using recurring transactions saves time and helps to avoid errors because you don't have to re-enter information again and again.
When you recall the transaction, the program displays all the information you have stored but does not update any accounts until you click Process. You can still make changes to the transaction before processing it. You can also create a list of all your recurring transactions by generating a Recurring Transactions report.
You can use recurring transactions for almost any transaction type including:
If you are using consolidated companies, only
general journal entries can be set up as recurring transactions.
If you are using FIFO inventory
costing, there are a few combinations of line items that are not possible
with recurring transactions
Table of recurring transaction limitations with FIFO
Add and store a recurring transaction
Recall and use a recurring transaction
Modify a recurring transaction
Delete a recurring transaction
Print the Recurring Transactions report in the Daily Business Manager