An explanation of how automatic journal entries work to calculate your monthly expenses, where you use the Recurring Transactions feature to record your monthly expenses automatically.
This feature is useful if you have fixed expenses every month, such as:
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Rent
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Salaries
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Subscriptions
Benefits
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Saves time
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Reduces errors
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Organizes your finances
Steps
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Go to Accounting
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Select “Recurring Transactions”
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Click on “Create Recurring Transaction”
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Fill in the information
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Name in Arabic and English
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Recurrence start date
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Recurrence type (Monthly, Weekly, Daily)
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End date or number of repetitions
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Description and comments if needed
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Attach the document
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Select invoice type (Sales, Purchases, Simple Invoice)
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Choose status (Draft, Pending Approval, Approved)
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Choose Save
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As Draft
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Or “Start Process” if you have permission
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Possible Statuses
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Draft: Saved but won’t start until approved
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Active: Has started recurring
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Completed: Recurrences have ended
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Scheduled: Saved and approved but first recurrence hasn’t started
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Inactive: Has been stopped
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Error: Recurrence failed (such as deleted product or account)
Important Notes
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You must have approval permission to start the process
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You can only add documents you have permission for
- The invoice is added and then automatically repeated through the Recurring Transactions feature
- The feature is available for invoices only (which result in accounting entries), and is not available for repeating manual accounting entries
Search keywords:
How do I create automatic journal entries to calculate my monthly expenses?
