Record repeat bank transactions
If you have transactions that occur on a regular repeating basis then you can configure IRIS KashFlow to automatically create these on the appropriate date.
Setting up
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Click Bank > Repeat Transactions > + Add New.
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On the next screen use the options to configure the repeat bank transaction.
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Click Add Repeating Transaction.
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Enter the details of your repeating transaction:
Bank Account – use the drop-down list to select the bank account you want this to effect
Type – the type of transaction.
Comment – use this to record a narrative for the transaction, for example, Bank interest.
Project – if this transaction is associated with a project, select it form the drop-down list.
In/Out – is the money coming into the account or being paid out?
Full Amount – this is the amount (including any tax) of the transaction.
VAT Rate – if the transaction is VATable select the rate here, otherwise leave as N/A.
VAT Amount – you can set an amount of VAT paid on this transaction.
The transactions will not be generated retrospectively meaning it is only transactions from this day on that will be created. Similarly, transactions in the future will not be created immediately – instead they will be generated on the interval set.