Recurring Transactions Allows you to set up and edit a repeating transaction on a set frequency.
Recurring Transactions Overview
Step-by-Step Guide to Setting Up a Recurring Transaction:
- Navigate to the household you wish to create a recurring transaction for.
- Click on the "Tracking" tab.
- Click the "Recurring Transactions" link.
- Click the "Set Up New Transaction" button.
The New Recurring Transaction wizard will run, fill in all required fields:
A. Recurring Transactions Link - Click here from a household's tracking tab to navigate to the Recurring Transactions Overview page.
B. Set Up New Transaction Button - Click this button to open the New Recurring Transaction wizard.
C. Currently Scheduled Transactions - Any transaction in this area are current and will continue to post at the set frequency until the due date, if provided.
D. Expired Transactions - Transactions that appear here have reached their stop date, and will not longer post at the set frequency.
Video demonstration:
A. Name - Enter a name for your recurring transaction.
B. Transaction Type - Select whether the transaction will be a charge or a payment.
C. Account -Select the account you want the recurring transaction to post to.
D. Transaction Type - Choose the type of charge/payment to be posted. (i.e. rent charge, insurance charge, cash, check, etc)
E. Amount - Enter the dollar amount.
F. Description (optional) - Enter a description for the transaction. This is what will show in the "description" field of the transaction every time it posts.
G. Starting Date - Select a start date for the recurring transaction. You can only select the 1st day of any month. If you select a date that is equal to "today", the transaction will not post until the next frequency date, and you must enter the transaction manually for "today".
H. Ending on Date (optional) - The ending on date is the date the transaction will stop running automatically. You do not have to set a stop date, if not the transaction will run at the set frequency perpetually.
I. Cancel Button - Click this button to cancel the setup of the Recurring Transaction.
J. Save New Transaction - Click this button to confirm the recurring transaction, and you will be redirected to the households Recurring Transactions list view. To edit a Recurring Transactions Details, click the link on the name of the transaction, then click edit (See photo below).