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!
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
Scheduled, Reminder 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: