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moore1278
Level 1

Adjusting Journal Entry

Hi,  I am working on setting up recurring transactions in my Quickbooks Online. Pretty new to it, so bear with me. I am trying to figure out if I can make an adjusting journal entry recurring? I have searched and looked for options to no avail. Also, what all types of transactions can I make into recurring transactions. I want to  make sure I am using that feature in the best way. Your help is very appreciated!

2 Comments 2
SarahannC
Moderator

Adjusting Journal Entry

Welcome to QuickBooks Community, moore1278!

 

In QuickBooks Online, you can only create a recurring journal entry and other type of transactions. It's a feature in QuickBooks Online that allows you to save time and reduce mistakes. You can automate repetitive journal entries, set invoices to generate automatically for customers, or automate writing of a check or entering a bill. 

 

These are the type of transactions that you can create using the Recurring feature. See the screenshot below:

 

When you start creating your template, you can refer to the information below:

  • Template Name – Choose a name that you will remember quite easily
  • ScheduledReminder or Unscheduled
  • Days in advance – How many days in advance is the transaction required
  • Payee – In this case we are setting up an Expense, so choose your supplier
  • Bank Account – Which bank account is this expense to be posted
  • Interval – Choose from Daily, Weekly, Monthly, Yearly (this is the occurrence cycle)
  • Start Date and End date – choose these dates for the transaction to commence and end.

 

Here are some articles that will help you to review your recurring transactions in QuickBooks Online:
 

 

Let me know if you have other concerns. I'll be around to provide additional help and information. Take care always.

Fiat Lux - ASIA
Level 15

Adjusting Journal Entry

@moore1278 

Prepare the adjusting JE data with the following template

RefNumberTxnDatePrivateNoteIsAdjustmentCurrencyExchangeRateAccountLineAmountLineDescEntityClassLocation
10101/10/2020Wire TransferFALSE  Savings-50.00Credit Savings   
10101/10/2020Wire TransferFALSE  Checking50.00Debit Checking   
10201/10/2020Wire TransferFALSE  Savings200.00Debit Savings   
10201/10/2020Wire TransferFALSE  Checking-200.00Credit Checking   

 

then utilize an importer tool

https:// transactionpro.grsm.io/qbo

 

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