On this next screen is where you select the frequency and automation. Be sure to fill in the memo, chart of account, amount, class if applicable and any other pertinent information. To set up a memorized transaction, create the transaction that you want to recur exactly as you want to recur and have it open on your screen. The best type of transactions for this are amounts that do not change, however, if the amounts do change, set up a process to go in and true up the totals to what they need to be and the rest of the info is entered for you.īelow are examples that can be used to memorize transactions. Using this feature in QuickBooks streamlines the entering process and results in consistent entering of the activity and also flags you for items that may be important and shouldn’t be missed. In QuickBooks Desktop (QBD) it is called a memorized transactions and in QuickBooks Online (QBO) it is called recurring transactions. QuickBooks can enter automatically on a schedule that you set up.
They can also help retain specific info that you want to enter on a consistent basis. Using Memorized (Recurring) Transactions in QuickBooks is a streamlined way to get recurring transactions in the books automatically.