Using Recurring Codes
Use Recurring Codes to identify transactions that occur repeatedly, such as monthly membership fees, rental fees, and subscriptions. All Recurring Codes have Frequency Codes attached that allow you to define how often the transaction recurs and also sort the codes.
To add a new Recurring Code:
1 In Accounts Receivable, select Options > Set Up Recurring Transactions from the left navigation pane.
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2 Enter the customer, document, and transaction information for this code.
3 Type the dollar amount of the recurring transaction in the Amount To Use field.
4 Select the Use Amt. Remaining? check box to activate the Remaining Amount box.
If the Use Amt. Remaining? check box is checked, the amount in the Amount To Use field is subtracted from the remaining amount each time you generate transactions. When the Remaining Amount field reaches zero, the transaction no longer generates.
If the Use Amt. Remaining? check box is unchecked, the amount you enter in the Amount To Use field is used each time you select this Recurring Code until you delete it.
5 Save the code.
Published date: 12/31/2020