Hello, TomPal.
Budgeting and forecasting are two of the most important financial tools for small businesses. They each allow different measures of insight into where a business can expand and what the possibilities are.
A budget is what you would like to happen, while a forecast is a reflection of what might actually happen.
Though, you can use the cash flow planner to forecast your income and expenses ( Money-in and Money-out) in QBO.
I suggest reading this article how cash flow planner works in QBO: Use the cash flow planner in QuickBooks Online.
Regarding recurring transaction, let me share some insight how this feature works in QBO.
Regarding recurring transaction, let me share some insight how this feature works in QBO.
Recurring transactions is a feature in QuickBooks Online that allows you to save time and reduce mistakes. By using recurring transactions, you can automate repetitive journal entries, set invoices to generate automatically for subscription-type customers, or automate writing of a check or entering a bill. Recurring transactions can also be used to create a template for complicated or long journals or invoices.
The most common types of recurring transactions include: Bill, Check, Expense, Invoice, Journal Entry, Purchase Order, Sales Receipt and Purchase Order. You cannot automate Deposits or Bill Payments. Once a recurring transaction is created, you can choose the type and frequency.
To learn more about the process and it's three types of recurring transactions, please refer to this article: Recurring transactions processes.
Please don't hesitate to reach back out if you have further questions or concerns. Take care, and have a wonderful day.
