Repeat transactions
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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.
Create a repeat transaction
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Go to Banking > Bank.
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From the Actions (3 dots,
) menu select Repeat transactions.
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Select Add repeat transaction.
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Select Money In or Money Out to set it as a credit or debit, respectively.
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From the list, select which Bank Account the transaction will affect.
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Select the bank code Type for the transaction.
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If this transaction is associated with a Project, select it from the list.
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Enter the transaction Amount.
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If the transaction is subject to VAT enter the VAT Amount or select the VAT rate, otherwise leave as N/A.
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Record any useful narrative Comment for the transaction. For example “Bank interest”.
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Select Disallowed if this transaction cannot be claimed for tax purposes. This is relevant for SA103 reporting.
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Select the Frequency and Duration of the repeating transaction to occur.
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Select Save to create the new transaction.