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Recurring Transactions
Recurring Transactions allow you to set up and edit a repeating transaction based on a set frequency.
Recurring Transactions Overview
Video demonstration:
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:
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 transactions 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 no longer post at the set frequency.
5. The New Recurring Transaction wizard will run, fill in all required fields:
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 no stop date is setup, 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):
