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A QuickBooks Tip - Memorized Transactions

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Thomas Shaw
A QuickBooks Tip - Memorized Transactions





If you have any recurring transactions you could would like to use the memorized transaction feature in QuickBooks. This feature will not only save you time but could also serve as a reminder to you for repetitive transactions. Get much more facts about Unable to get bank feeds quickbooks





Right here is how it works.



To setup:



1. Develop the transaction you would like to memorize (bill, verify, estimate, invoice, and so forth.) as you'd like it memorized. If the content material of certain fields will alter each and every time you recall the transaction, leave these fields blank (i.e. leave the quantity field blank on your month-to-month phone bill). That way, you are able to fill within the quantity each and every time you recall the bill.



2. Visit the Edit menu and click Memorize. Within the Memorize Transaction window, enter a exceptional name that will assist you recognize the transaction on the Memorized Transaction list. Opt for no matter whether you need to be reminded to enter the transaction, have QuickBooks enter the transaction for you, or neither. Click OK to memorize the transaction.



3. For anyone who is only entering the transaction details for future use, close the transaction window by clicking the Clear button after which clicking the close box in the leading from the window.



To use the transaction you made:



1. Go to the Lists menu and click Memorized Transaction List.

2. Select the memorized transaction you would like to use.

3. Click Enter Transaction.

4. Make any needed changes or additions.

5. Save and close the transaction



Some examples exactly where this feature would be beneficial include



An automatic debit to your bank account for a credit card or loan payment (we develop a check and memorize it using a verify number = dd for direct debit

A bill you spend each month but don't receive a statement or invoice (i.e. rent) -either produce a verify or bill and memorize it. Code it to automatically post month-to-month.



A lengthy estimate that is definitely often used - generate an estimate with the products which might be typically used, then memorize it having a exceptional name. Once you click it on from your memorized transaction list, you may add a buyer name and add or modify any items.



Repetitive invoices to the very same buyer (you might choose to group invoices by frequency - weekly, month-to-month, quarterly - to create a group, visit the Lists menu and click Memorized Transaction List, click Memorized Transaction in the bottom in the list and click New Group, enter the name from the new group, then choose how you should manage the transactions inside a group).

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